New York Gov. Andrew Cuomo signed a bill into law Dec. 17 that will allow state-chartered credit unions to combine select employer groups, association and community groups into a single field of membership.
Tracie Kenyon to chair American Association of Credit Union Leagues, succeeds Wendell Lyons.
New law allows state-chartered credit unions to combine SEGs and other groups in a single field of membership.
Credit Union Association of New York offers resources, plans rally Thursday at its Albany headquarters.
WASHINGTON — Credit union leaders meet with lawmakers to push for expanding access to supplemental capital.
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.
The Ontario, Calif.-based lending solutions provider said CUANY is the 99th organization to become a shareholder.
CUANY reports a 15% MBL increase in the first three months of 2012.
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