ADVISORY, Aug. 23, 2011 (GLOBE NEWSWIRE) --
The Defense Credit Union Council (DCUC), a niche membership association representing the interests of credit unions operating on military installations worldwide, will visit the NASDAQ MarketSite in New York City's Times Square.
In honor of the occasion of DCUC's 48th Annual Educational Conference, Frank Padak, President/CEO of Scott Credit Union and DCUC Chairman of the Board, will ring the Opening Bell, accompanied by Board members, Patricia Kimmel, Belvoir FCU, Jean Yokum, Langley FCU, David Davis, Pacific Marine CU, Denise Floyd, Fort Sill FCU and Gordon Simmons, Service CU.
NASDAQ MarketSite – 4 Times Square – 43rd & Broadway – Broadcast Studio
Wednesday, August 24th, 2011 – 9:15 a.m. to 9:30 a.m. ET
Beth Merlo, Administrative Director
The Opening Bell is available from 9:20 a.m. to 9:35 a.m. on AMC3 / C20, downlink frequency 4100 vertical. The feed can also be found on Ascent fiber 1623. If you have any questions, please contact Jen Knapp at (212) 401-8916.
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About Defense Credit Union Council (DCUC):
The Defense Credit Union Council is a niche membership association representing the interests of credit unions operating on military installations worldwide. By maintaining a close and constant liaison with the Pentagon, the Council supports its member credit unions and the Department of Defense (DoD) in coordinating policy, procedures, and legislation impacting morale and welfare, financial readiness, and the delivery of quality financial products and services to DoD personnel and their families. The Council is comprised of 230 credit unions with over 16 million members. Organized in 1963, the Council is governed by a seven-member Board of Directors consisting of a representative from each of the services -- Army, Navy, Air Force and Marine Corps -- plus three representatives at large. Approximately two-thirds of the Defense Credit Unions are federally chartered, and one-third are state-chartered. All are insured by either the National Credit Union Administration (the federal regulator), or an independent or state agency which meets federal standards.
For more than forty-eight years, DCUC has been the primary liaison to the Department of Defense for defense credit unions, and has been the Department's principal conduit to defense credit unions on military bases stateside and overseas. Whether working strategic or operational issues, or addressing regulatory or legislative matters, the Defense Council's close working relationship with DoD has ensured members of the United States Armed Forces are provided financial services in the finest traditions of the credit union philosophy.
The Defense Credit Union Council is a chartered partner of the Department of Defense Financial Readiness campaign, and as such, works with DoD to encourage the wise use of credit and the prudent management of personal and family resources. The Council's membership holds integrity, unselfishness and understanding, as essential dimensions of character, necessary for optimum service to military and civilian members of the Department of Defense establishment…and they serve with dedication and distinction in compliance with DCUC's motto: "Serving Those Who Serve Our Country."
The Defense Council operates from day to day under the supervision of a President/CEO and a small staff from offices in Washington, D.C., and supports two Sub-councils --- the Defense Credit Union Overseas Sub-council and the Midwest Sub-council.
About NASDAQ OMX:
The NASDAQ OMX Group, Inc. is the world's largest exchange company. It delivers trading, exchange technology and public company services across six continents, with more than 3,500 listed companies. NASDAQ OMX offers multiple capital raising solutions to companies around the globe, including its U.S. listings market, NASDAQ OMX Nordic, NASDAQ OMX Baltic, NASDAQ OMX first North, and the U.S. 144A sector. The company offers trading across multiple asset classes including equities, derivatives, debt, commodities, structured products and exchange-traded funds. NASDAQ OMX technology supports the operations of over 70 exchanges, clearing organizations and central securities depositories in more than 50 countries. NASDAQ OMX Nordic and NASDAQ OMX Baltic are not legal entities but describe the common offering from NASDAQ OMX exchanges in Helsinki, Copenhagen, Stockholm, Iceland, Tallinn, Riga, and Vilnius. For more information about NASDAQ OMX, visit http://www.nasdaqomx.com. *Please follow NASDAQ OMX on Facebook (http://www.facebook.com/pages/NASDAQ-OMX/108167527653) and Twitter (http://www.twitter.com/nasdaqomx).
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