The Ukrainian National Federal Credit Union, which was established in New York in 1965, has set up an account benefiting Ukraine's Ministry of Defense for people who want to support Ukraine’s effort to fend off the Russian invaders.
Collected cash is transferred daily to the National Bank of Ukraine.
UNFCU also says people may donate money directly to the National Bank of Ukraine and is helpfully promoting its SWIFT Code.
The Ukrainian Orthodox Community set up the credit union to serve members and employees of the Cathedral of Holy Trinity and Cathedral of St. Volodymyr in Manhattan; and St. Andrew Ukrainian Orthodox Church in South Bound Brook, NJ, along with related institutions.
The credit union has 7,000 members, assets of $140M and branches in Manhattan’s Little Ukraine, Brooklyn, South Bound Brook and Perth Amboy, NJ.
Glory to Ukraine.
The invasion of Ukraine offers a challenge to companies that say they are committed to environmental, social and governance virtues, according to Natalie Jaresko, who was Ukraine’s finance minister.
“The global business community must understand that nurturing, upholding and protecting freedom and democracy is part of their ESG responsibility,” she wrote in the Financial Times.
She believes the Ukraine crisis could be the 21st Century equivalent of the 20th Century anti-apartheid movement in which businesses united and countered the racist white nationalist regime in South Africa.
>Jaresko challenges businesses “to walk the walk” when it comes to the serial social and governance violations that the invasion of her country represents.
Will they heed the call?
PR firms may have some ‘splaining’ to do… Purdue Pharma and the Sackler family have agreed to a $6B deal to settle thousands of opioid-related lawsuits tied to the company’s OxyContin painkiller.
If the agreement passes various legal hurdles, Purdue would be renamed Knoa Pharma and a public library would be established to detail its PR, lobbying and marketing activities. Ouch!
PR firms better get ready for their opioid day of reckoning.