Press Releases
 Paragon Federal Pledges $50,000 to support
Bergen Community College Students
Township of Washington, NJ- The lobby of the new Technology Education Center on the campus of Bergen Community College will be named after Paragon Federal Credit Union, in appreciation for a pledge totaling $50,000, paid over five years, to support Bergen Community College students.
The two story, sky-lit lobby, features a grand central staircase to a mezzanine and the second floor. It is part of a two story, 50,000 square foot facility that includes a simulated manufacturing laboratory, six computer labs, an interactive television and videoconference classroom, a state-of-the-art Meeting and Training Center, an electronic library, and two observatories.
Paragon President/CEO Richard Rays felt the pledge fell in line with the credit union's mission. "As a community credit union, orginally founded by Bergen County Educators, and in keeping with our philosophy of 'People Helping People' we felt this was an ideal opportunity to reach out the community while staying in touch with our roots."
Paragon Federal Credit Union, headquartered in Washington Township, is a not-for-profit financial cooperative which returns earnings back to its members in the form of higher dividend rates on savings and investment accounts, lower interest rates on loans, and reduced or no-fee products and services. Anyone who lives, works, worships or attends school in Bergen County or the Orange and Elizabeth Areas is eligible for membership. Paragon Federal is one of the largest credit unions in the state with membership over 60,000 and assets of $390 million.
Photo: Dr. Judith K. Winn, President of Bergen Community College thanks Richard Rays, President and CEO of Paragon Federal Credit Union for a $50,000 donation to support Bergen Community College students. |
