NY Gov. Cuomo Signs Bill Allowing CUs to Accept Public Deposits From Key Program

"With this new law, more New Yorkers will have critical access to the credit union and financial system," the state league's CEO says.

By David Baumann | December 18, 2019 at 02:26 PM

New York Gov. Andrew Cuomo has signed legislation allowing credit unions to participate in the state's Banking Development District program, marking the first time credit unions will be eligible to accept public deposits in that state.

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NY Gov. Cuomo Signs Bill Allowing CUs to Accept Public Deposits From Key Program

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