Credit Union Association of New York offers resources, plans rally Thursday at its Albany headquarters.
Bill signed Thursday by Gov. Andrew Cuomo brings Empire State into conformity with national law.
WASHINGTON — Credit union leaders meet with lawmakers to push for expanding access to supplemental capital.
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.
It’s now up to Gov. Andrew Cuomo to ink a new law that expands field of membership rules for state-chartered credit unions.
Group founded in 2010 adds six members at Credit Union Association of New York annual meeting and convention.
Volunteers, professionals to get recognition at annual meeting next week of the Credit Union Association of New York.
Empire State would follow Congress in eliminating ATM fee disclosure requirement that has spawned lawsuits.
The other good news for the Empire State is that 73% of its credit unions reported a positive return on assets as of Dec. 31, 2012. Statewide, New York’s credit unions earned an average ROA of 87 basis points, slightly higher than the national average of 86.
New York state credit unions best national ROAA average by a point while absorbing Sandy's blow.