The $2.7B State Employees FCU is the only credit union partner in a statewide effort to expand loan access for minority and women-owned businesses.
The $2.7 billion cooperative is the only credit union participating in the state program designed to expand capital access to minority and women-owned businesses.
Governor calls proposed regs "groundbreaking." They would, among other things, forbid such coverage from insurer affiliated with servicer.
State joins New York, federal laws that waive requirement for on-screen and physical notice of fees.
Bill signed Thursday by Gov. Andrew Cuomo brings Empire State into conformity with national law.
Legislation that expands the ability of credit unions to provide financial services to New Yorkers and their families has passed the State Senate and Assembly. The new measure, sponsored by Sen. Joseph Griffo and Assemblywoman Annette Robinson, enhances the credit union state charter through expanded membership and investment options.
At the behest of New York Gov. Andrew Cuomo, the state’s top regulator is openly encouraging more federal credit unions to convert to a state charter.
With the hopes of wooing more businesses, State Employees Federal Credit Union President/CEO Michael Castellana recently made a pitch before state officials to bring $40 million in grants and tax credits to the Albany, N.Y., region.
New York Credit Union Association says it does not endorse one charter structure over another.
CU CEO makes case for additional funding.