Community support takes center stage in this week’s New York Minute. See how credit unions are helping children and families, supporting students and educators, and investing in health and wellness, while also celebrating a New York credit union leader earning regional recognition.

Broadview FCU Partners with Sleep in Heavenly Peace for 8th Annual Bed Build

For the eighth year, Broadview Federal Credit Union joined Sleep in Heavenly Peace to help ensure local children have a comfortable place to sleep.

Broadview volunteers rolled up their sleeves to build 27 beds for 27 children, continuing a partnership centered on addressing childhood bedlessness and supporting families in the communities the credit union serves.

From building and assembling the beds to helping prepare them for local families, the annual event is a hands-on example of Broadview employees putting “people helping people” into action.

ESL FCU Commits $2 Million to Wayne County Health and Wellness Campus

ESL Federal Credit Union is investing $2 million in a planned health and wellness campus in Wayne County, supporting an effort to expand access to health, recreation, and community resources in the region.

The ESL Health and Wellness Campus is planned as a regional destination designed to bring a variety of services and opportunities together in one location.

The significant investment adds ESL’s support to a project aimed at improving quality of life and creating a lasting resource for residents throughout Wayne County.

Cornerstone Community FCU’s Mary Scheib Named to Power 200 Women List

Congratulations to Mary Scheib, President and Chief Experience Officer of Cornerstone Community Federal Credit Union, on being named to Buffalo Business First’s 2026 Power 200 Women list!

The annual list recognizes influential women helping shape businesses and communities throughout Western New York. Mary’s inclusion recognizes her leadership at Cornerstone and her contributions to the region’s financial services community. Congratulations, Mary, on joining this year’s group of honorees!

MCU Foundation Partners with Forestdale to Support Students Heading Back to School

The MCU Foundation is continuing its support of New York City students as they head into a new school year through its partnership with Forestdale.

Building on previous back-to-school efforts with the organization, the Foundation provided a $55,000 grant, which will be used for essential school supplies to help students start the year prepared to learn.

Forestdale works with children and families across New York City, providing services designed to strengthen families and help young people thrive. The latest effort adds to the MCU Foundation’s ongoing work with the organization to help remove some of the everyday barriers facing local students and families.

Sunmark Credit Union Treats Local Educators to Annual Teacher Supply Surprise

Thirteen local teachers started the school year with a shopping spree thanks to Sunmark Credit Union’s annual Teacher Supply Surprise.

The educators headed to Walmart to stock up on classroom essentials, giving them an opportunity to choose the supplies that will be most useful to their students throughout the year.

The annual initiative recognizes the personal time and resources educators invest in their classrooms while helping offset some of the out-of-pocket costs that often come with preparing for a new school year.

The Summit FCU Delivers Supplies to Local Organizations

The Summit Federal Credit Union is helping students across its communities head back to school with the supplies they need for a strong start.

Through its annual school supply drive, The Summit collected hundreds of donated items for Big Brothers Big Sisters of Erie, Niagara and the Southern Tier; PEACE, Inc. Big Brothers Big Sisters of Syracuse; Big Brothers Big Sisters of Greater Rochester; The Chapel NY’s 11th Annual “Back 2 School” Community Event in Cortland; and Seneca Falls Central School District.

The donated items will support children and families across several communities as they begin the 2026–2027 school year.

---

Stay ahead of the curve by subscribing to receive credit union news and updates directly to your inbox.

New resources, regulatory developments, and community impact are featured in this week’s New York Minute. Explore a new cybersecurity toolkit and small business lending webinar, catch up on the latest CU in New York and InfoSight360 updates, and celebrate credit unions earning workplace recognition and investing in communities across the state.

League System Launches Cybersecurity Awareness Toolkit to Help Credit Unions Protect Members

As digital scams and cyber threats continue to evolve, the League System has launched a new Cybersecurity Awareness Toolkit to help credit unions educate members, support staff, and promote safer online habits.

The complimentary, fully customizable toolkit includes ready-to-use member communications, social media content, branch materials, scam and red-flag reference sheets, and a “Fraud Alert in a Box” with resources credit unions can quickly deploy when new threats emerge. It also features a four-week campaign calendar with content focused on identifying scams, protecting accounts, preventing identity theft, and shopping safely online.

Credit unions can use the resources during Cybersecurity Awareness Month in October or incorporate them into member education and fraud prevention efforts throughout the year.

Two New York Credit Unions Named ‘Best to Work For’ by American Banker

Congratulations to Empower Federal Credit Union and AmeriCU Credit Union on being named among American Banker’s Best Credit Unions to Work For in 2026!

The annual ranking recognizes 70 credit unions across the country based on workplace practices and employee feedback. Among this year’s honorees, 89% of employees reported positive feelings about their work environment, while 91% said they have strong relationships with their supervisors.

The recognition highlights credit unions that are creating positive workplace cultures built around strong leadership, communication, and a shared sense of purpose.

Congratulations to the teams at Empower FCU and AmeriCU Credit Union on earning a place among this year’s honorees!

Inclusiv to Host Business Forward Webinar for New York Credit Unions

New York credit unions looking to grow their small business lending programs can learn more about Inclusiv’s Business Forward initiative during a complimentary webinar on Thursday, September 17, from 12:00 – 1:00 p.m.

Business Forward connects small businesses with affordable loans through credit unions, with a focus on increasing access to capital for underserved and growth-ready businesses.

During the webinar, program experts will discuss how credit unions can leverage state and federal investments to expand small business lending and support entrepreneurs in their communities.

New from CU in New York: What Credit Unions Should Know About BOI and the CTA

The latest edition of CU in New York takes a closer look at beneficial ownership information (BOI) and the Corporate Transparency Act (CTA), breaking down the latest developments and what they could mean for credit unions.

Jeremy Newman, your Association’s Vice President of Legislative & Regulatory Affairs, cuts through the regulatory complexity to help credit unions understand where things stand and what they should have on their radar.

SeaComm FCU Awards Grants to Local Community Organizations Through FHLBNY Program

SeaComm Federal Credit Union is helping put $50,000 in Federal Home Loan Bank of New York grant funding to work across the North Country, supporting eight organizations serving a variety of community needs.

Grants ranging from $2,500 to $10,000 are supporting projects and services related to emergency response, healthcare, veterans, youth development, transportation, and cultural preservation. Recipients include the Louisville Fire Department, St. Lawrence Power and Equipment Museum, River Hospital, Homeward Bound Adirondacks, Police Activities League of Massena, North Country Veterans Association, Akwesasne Cultural Center, and Volunteer Transportation Center.

The funding will help these organizations continue providing essential services and resources to the communities they serve.

MCU Foundation and Children’s Aid Equip Young New Yorkers with Lifelong Financial Literacy Skills

MCU Foundation and Children’s Aid recently celebrated teenage New Yorkers who completed the Foundations of Financial Wellness Literacy Program, designed to give young people practical money-management skills they can carry into adulthood.

Through weekly workshops administered by financial wellness partner BALANCE, participants explored budgeting, banking, saving, credit, college financing, and long-term financial planning. Many of the teens joined the program through New York City’s Summer Youth Employment Program, giving them an opportunity to build financial knowledge as they began earning and managing their own money.

The program concluded with an August 24 graduation ceremony recognizing participants for completing the workshops and taking an important step toward greater financial independence and confidence.

From InfoSight360: NCUA Finalizes 11 Deregulation Proposals – Part 2

InfoSight360’s Michael Christians continues his breakdown of the NCUA’s 11 final rules stemming from its Deregulation Project, all of which take effect September 8, 2026.

Part 2 examines the remaining six changes, including updates to community and federal corporate credit union chartering policies, excess share insurance notifications, federal credit union operations, credit union service contracts, and third-party servicing of indirect vehicle loans.

Among the changes, the NCUA is eliminating several duplicative requirements and removing existing limits on certain vehicle loans serviced by third parties.

Read the full article for a closer look at each of the six final rules and what credit unions should know ahead of the September 8 effective date.

Children’s Miracle Network and Black Dragon Capital Partner to Expand Digital Giving Opportunities for Credit Union Members

Children’s Miracle Network is partnering with PayOnward and Digital Joy, two Black Dragon Capital portfolio companies, to make it easier for credit union members to support their local children’s hospitals.

Through the partnership, participating credit unions will be able to integrate charitable giving directly into their digital banking platforms. Members will have several ways to donate, including during online or mobile banking sessions, through QR codes in branches and at community events, and through interactive digital experiences.

The new technology builds on credit unions’ longstanding support of Children’s Miracle Network while giving them another way to engage members and generate critical funding for pediatric care, research, medical equipment, and family support services.

Credit unions interested in learning more about bringing these digital giving solutions to their members can contact Nick Coleman at Children’s Miracle Network: ncoleman@cmn.org

Stay ahead of the curve by subscribing to receive credit union news and updates directly to your inbox.

Last week, we introduced five of the eleven final rules released by the National Credit Union Administration on August 5, 2026, as part of its ongoing deregulation project. Part One discussed suretyship and guaranty requirements, limits on loans to other credit unions, service to underserved areas, disclosure of share insurance for non-member shares, and eligible obligations.

This week, we’ll cover the six remaining final rules, all effective on September 8, 2026.

Community Chartering Policies
The NCUA issued Interpretive Rule and Policy Statement (IRPS) 10-1 in 2010 to provide guidance on the agency’s community chartering policies. Because this information is also located in the NCUA’s Chartering and Field of Membership Manual (Appendix B to Part 701), IRPS 10-1 is duplicative and no longer required. As a result, it is rescinded.

Federal Corporate Credit Union Chartering
In addition, the NCUA issued IRPS 11-02 in 2011 to address the requirements and process for chartering corporate federal credit unions. Because this information is also located in the NCUA’s Federal Corporate Credit Union Chartering Manual, IRPS 11-02 is redundant and unnecessary. As a result, it is rescinded.

Notice of Termination of Excess Share Insurance Coverage
Currently, 12 CFR 741.5 requires a credit union that is terminating excess share insurance coverage to provide written notice to all members at least thirty (30) days prior to the termination date. The final rule eliminates this 30-day advance delivery requirement and simply requires written notification to occur prior to the termination date.

Organization and Operation of Federal Credit Unions
The NCUA issued IRPS 06-1 in 2006 to address the requirements for adding underserved areas to a federal credit union’s (FCU’s) field of membership. Because this information is also located in the NCUA’s Chartering and Field of Membership Manual, IRPS 06-1 is duplicative and no longer required. As a result, it is rescinded.

Credit Union Service Contracts
12 CFR 701.26 requires an FCU to enter into a written agreement that advises all parties that the goods and services provided under the contract are subject to examination by the NCUA. This covers agreements related to fixed assets as well as agreements covering activities and/or services related to the daily operation of the credit union. Because entering into a written contract is a standard business practice, the NCUA feels this regulatory language is unnecessary. The final rule removes it from Part 701.26.

12 CFR 721.3 identifies the categories of activities that are pre-approved as incidental powers necessary or requisite to carry on a credit union’s business. The final rule adds the following activity to this list – Entering into a contractual agreement related to fixed assets and/or activities and services related to the daily operation of the credit union.

Third-Party Servicing of Indirect Vehicle Loans
Currently, 12 CFR 701.21 places the following restrictions on a federally insured credit union’s acquisition of any vehicle loan serviced by a third-party:

• No acquisition may exceed 50% of the credit union’s net worth during the initial 30 months of the third-party’s servicing relationship
• No acquisition may exceed 100% of the credit union’s net worth after the initial 30 months of the third-party’s servicing relationship

The final rule removes these restrictions.

There’s a lot happening across the credit union landscape, and staying informed is key. This week’s New York Minute looks at emerging fraud threats, regulatory and lending developments, and upcoming education, all while celebrating credit unions making an impact in their workplaces and communities.

Register Now for Fraud In Focus!

Registration is now open for Fraud In Focus, taking place November 3 at the Saratoga Casino Hotel.

As financial fraud continues to evolve, this conference gives credit union professionals an opportunity to learn about emerging threats, strengthen their fraud prevention strategies, and connect with peers facing many of the same challenges.

Register by September 4 to take advantage of early-bird pricing. The hotel reservation deadline is October 3, and general registration closes October 23.

New York Credit Unions Recognized as America’s Greatest Midsize Workplaces

Four New York credit unions have earned national recognition on Newsweek’s America’s Greatest Midsize Workplaces 2026 list.

Congratulations to FourLeaf Federal Credit Union, Hudson Valley Credit Union, Empower Federal Credit Union, and ESL Federal Credit Union on being included among this year’s honorees.

The ranking recognizes midsize organizations across the country for creating strong employee experiences and workplace cultures. Congratulations to all four credit unions and the teams behind this achievement!

Great Meadow FCU Awards Grants to Local Community Organizations Through FHLBNY Program

Through its partnership with the Federal Home Loan Bank of New York, Great Meadow Federal Credit Union is helping direct $50,000 in Small Business Recovery Grant funding to organizations serving communities throughout its region.

Recipients include WAIT House, Warren-Washington C.A.R.E. Center, Battenkill Community Services, Comfort Food Community, Glens Falls Senior Center, Hudson River Music Hall Productions, Habitat for Humanity of Northern Saratoga, Warren and Washington Counties, Queensbury Senior Center, The Open Door Mission, Lucky Puppy Rescue, and Haynes House of Hope.

These organizations address a wide range of community needs, including housing and food assistance services for seniors, youth, families, and animals.

Mid-Hudson Valley FCU Supports Families at Ronald McDonald House Westchester

Mid-Hudson Valley Federal Credit Union recently helped bring a little extra comfort to families staying at Ronald McDonald House Westchester with a donation of teddy bears and other needed supplies.

The Ronald McDonald House provides a home away from home for families with children receiving medical care, allowing them to remain close to their child during treatment. MHV’s contribution helps provide everyday comforts and resources for families navigating an especially challenging time.

Thank you to the MHV team for supporting children and families when they need it most.

Reliant Credit Union Supports Summer Learning Through EnCompass Donation

A $2,000 donation from Reliant Credit Union helped Rochester-based EnCompass provide local students with additional learning opportunities this summer.

Reliant’s contribution supported EnCompass’ four-week summer learning program for students in grades K–6, which is designed to help prevent summer achievement gaps. Reliant team members joined students at Nazareth University for the program’s Showcase of Learning, where participants shared what they had accomplished throughout the summer.

Beyond its summer programming, EnCompass works with students and families to close learning gaps, navigate life challenges, and remove barriers that can stand in the way of long-term success.

From InfoSight360: NCUA Finalizes 11 Deregulation Proposals – Part 1

The NCUA has finalized 11 proposals stemming from its Deregulation Project, with the changes set to take effect September 8, 2026. The project is focused on eliminating outdated, duplicative, or unnecessarily burdensome requirements while maintaining protections for credit union members and the financial system.

In the first of a two-part series, InfoSight360’s Michael Christians breaks down five of the final rules, including changes affecting suretyship and guaranty requirements, loans to other credit unions, service to underserved areas, disclosures for non-member shares, and eligible obligations. Among the changes are the elimination of certain collateral requirements, board approvals, disclosures, and prescriptive policy requirements for federal credit unions.

Read the full article for a closer look at what’s changing, and watch for Part 2 next week covering the remaining six final rules.

From Origence: Auto Lending – What Credit Union Lenders Need to Know Now

The auto lending market is shifting, creating both new challenges and opportunities for credit unions looking to grow their portfolios and reach more borrowers.

In its latest industry insights article, Origence explores the current auto lending environment and what credit union lenders should be watching as they evaluate their strategies. The piece is part of Origence’s ongoing coverage of lending trends and strategies for credit unions.

Read the full article from Origence to explore what today’s auto lending landscape could mean for your credit union.

---

Stay ahead of the curve by subscribing to receive credit union news and updates directly to your inbox.

In 2025, the National Credit Union Administration (NCUA) launched its Deregulation Project in response to Executive Order #14192 – Unleashing Prosperity Through Deregulation. The project prioritizes removing outdated, duplicative, or unnecessarily burdensome rules while maintaining regulatory protections for members and the financial system.

To date, the agency has issued a total of 20 proposals as part of the project. On August 5, 2026, the NCUA announced that it had finalized 11 of those proposals. Each of these final rules is effective on September 8, 2026. Over the course of the next two weeks, we’ll share what these changes mean for your credit union.

Suretyship and Guaranty Requirements
Currently, Part 701.20 requires a federal credit union (FCU) to obtain a segregated deposit from the member, in connection with a suretyship or guaranty agreement, that is sufficient in amount to cover the FCU’s total potential liability. This segregated deposit may consist of collateral in which the FCU has a perfected security interest, subject to the following restrictions:

• 100% of the FCU’s total potential liability for collateral consisting of cash, US treasuries/securities, obligations fully guaranteed by the United States, or Federal Reserve Bank notes/drafts/bills, or
• 110% of the FCU’s total potential liability for collateral consisting of real estate or other marketable securities.

The final rule removes this segregated deposit/collateral requirement.

Limits on Loans to Other Credit Unions
Under Part 701.25, an FCU’s board of directors must currently approve all loans made to other credit unions. In addition, the FCU must develop and maintain very prescriptive policies and procedures for making these types of loans.

Effective September 8th, the board approval and policy/procedure requirement are removed. However, loans to other credit unions continue to be subject to the single borrower and aggregate limits listed in Part 701.25(a).

Service to Underserved Areas
The NCUA issued Interpretive Rule and Policy Statement (IRPS) 08-2 in December 2008 providing guidance on the process of approving the addition of underserved areas to an FCU’s field of membership.

The final rule withdraws IRPS 08-02 as this same information is located in the agency’s Chartering and Field of Membership Manual which can be found in Appendix B to Part 701.

Disclosure of Share Insurance for Non-Member Shares
Currently, Part 741.10 requires any credit union that accepts non-member shares or deposits to:

• Identify those non-member shares or deposits on any report required by the NCUA for insurance purposes, and
• Notify non-member share and/or deposit account holders that their shares are not insured.

Effective September 8th, each of these requirements is eliminated.

Eligible Obligations
FCU’s must have written policies for the purchase, sale, or pledge of eligible obligations. These policies must meet specific prescriptive requirements as outlined in Part 701.23. Furthermore, an FCU official, employee, or immediate family member is prohibited from receiving compensation in connection with the credit union’s purchase, sale, or pledge of an eligible obligation.

The final rule eliminates the prescriptive requirements and simply requires an FCU to have a written policy concerning the purchase, sale, or pledge of eligible obligations. The compensation restriction is also removed effective September 8th.

We’ll cover the 6 other final rules in next week’s article.