Straight to The Point: October 4, 2017

The New York Credit Union Foundation has activated its Disaster Relief Grants for cooperativas, staff and volunteers in Puerto Rico affected by Hurricane Maria. To make a monetary contribution, visit the Foundation’s donation page.

 Good morning. Both the House and Senate are in session today. The Senate banking committee will hold a hearing on the Equifax data breach. The company’s former CEO and chairman is scheduled to testify. Here is what’s happening today:

star3 The New York Credit Union Association, in conjunction with CUNA, has released the Second Quarter 2017 New York Credit Union Profile report – The Point

star3 Reminder: The Association will host a complimentary webinar at 11 a.m. tomorrow to assist member credit unions with undertaking fiduciary responsibilities with respect to stable value investment options – NYCUA

star3 The Association recently assisted Spencerport FCU with their community charter request, which was approved by NCUA, to serve Monroe and Orleans Counties – The Point

star3 Financial institutions are likely to renew their contracts with Apple Pay three years after the service rocked the payments world – CU Times

star3 The average cost of an out-of-network ATM withdrawal is $4.69, up 2.6 percent from a year earlier – Bankrate

star3 The power of the real estate and home building industries is being put to the test in a fight with Republicans over a key tax break for homebuyers: the mortgage interest deduction – The Hill

star3 In what seems like a monthly headline, Democrats are again pushing for a reunification of their party in the state Senate – Times Union

star3 A free new service from the U.S. Postal Service that provides scanned images of incoming mail before it is slated to arrive at its destination address is raising eyebrows among security experts – KrebsonSecurity

star3 Just because you use a model form when asking members if they want to opt-in to overdraft protections doesn’t mean your credit union is safe from being sued over the adequacy of these disclosures – New York’s State of Mind


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