Learn what the Excelsior Linked Deposit Program means for your credit union and business members and how you can participate at an upcoming, complimentary webinar!
The webinar, set for 10 to 11 a.m. on Feb. 10, will include an overview of the enrollment process, borrower and project eligibility requirements and the program application and process. The event will feature Cynthia Shannon, economic development specialist for the Division of Small Business and Technology Development at Empire State Development.
In October 2021, in a major, historic victory for New York’s credit unions, Gov. Kathy Hochul signed into law Excelsior Linked Deposit Program, which authorizes credit unions to participate in the Excelsior Linked Deposit Program, opening the door for public deposits in New York’s credit unions. The issue has been a key legislative priority for the New York Credit Union Association since the program was first introduced more than 20 years ago.
Interested participants can register for the webinar on the Association’s website.