Straight to The Point: October 27, 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, and welcome to another Friday. There are no votes scheduled in the House today, but the Senate is in session. Here is what’s happening today:

star3 Three Capital Region credit unions—Hudson River Community CU, CAP COM FCU and Sunmark FCU—were named among the best places to work by the Albany Business Review – The Point

star3 Deadline approaching: Online registration closes next Friday, Nov. 3, for the Young Professionals Commission’s 2017 Fall Educational Summit in Buffalo – NYCUA

star3 Credit unions are reminded to maintain up-to-date information about branch locations and fields of membership on the website – The Point

star3 House Republicans—without the support of many New York Republicans—narrowly adopted the Senate’s version of the 2018 budget resolution, overcoming a key hurdle for the party’s tax-reform plan – New York Times

star3 Financial institutions around the world have spent the past few years preparing for competition from technology startups, but it turns out the real threat may be Amazon – CU Times

star3 NEFCU is believed to be the first financial institution to launch on Google Home and the Google Assistant app – CU Journal

star3 New vehicle sales continued to slide in October and are on pace to fall 4 percent from 2016 – Reuters

star3 After several weeks of speculation, Uber officially announced its entry into the payments market, teaming with Barclays to offer a rewards driven credit card – The Verge

star3 Deciding what technologies credit unions should avoid investing in is just as important as choosing those that are investment worthy – New York’s State of Mind

Leave a Reply