William “Bill” Porter joined Municipal Credit Union (MCU) in 1981 when the New York State Banking Department hired him to revitalize what was then an organization on the brink of extinction. At the time, MCU had only one branch in downtown Manhattan, 100 employees and a shrinking asset base of $90 million. Bill began to rebuild the credit union into a service-driven enterprise.
It has been documented on many occasions Bill’s tireless leadership in the wake of the 9/11 attack on the World Trade Center. At his recommendation, the Board agreed to forgive a total of $350,000 in loans made to members – the families of New York City Firefighters and Police Officers who sadly lost their lives in the disaster.
Upon his retirement in 2007, MCU had 14 branches, over 500 employees serving 300,000 members, an extensive network of ATMs and $1.3 billion in assets.
Bill joined MCU after a 25-year career at Citibank, where he rose to the position of Vice President and became the first African American to manage branches for the bank in Midtown Manhattan and Wall Street. A native of Brooklyn New York, Bill is a graduate of New York University. He also served in the United States Navy.