Seneca Nation of Indians FCU received the second new credit union charter of 2015. Its Allegany, N.Y. office is pictured here.

When The Finest Federal Credit Union opened its doors May 13, the gala ribbon-cutting ceremony included NCUA Chairman Debbie Matz. It was the first credit union ever formed to serve the nearly 75,000 employees of federal, state, county and municipal agencies or departments engaged in police protection in the city of New York.

Keith Stone, president/CEO of The Finest FCU, is optimistic about its future. But the financial industry veteran also was the first to say that the road to launching the year’s first new credit union was anything but smooth.

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