Redistricting could have ‘profound’ impact on the way credit unions operate

The New York Credit Union Association is actively monitoring the redistricting of New York’s congressional districts, and the potential impacts on credit unions. Democratic legislators earlier this week adopted a reconfiguration of the districts and Gov. Kathy Hochul signed the new maps into law on Thursday. However, a legal challenge rejecting the changes has already been filed.

If the redistricting of the congressional districts stands as is, it likely will have “a profound impact on the environment in which your credit union operates over the next decade,” said Henry Meier the Association’s SVP/senior counsel. “In fact, more so than other years, New York’s redistricting plan has important federal implications.”

As things currently stand, Democrats hold a 10-seat majority in the House of Representatives, with one vacancy. In other words, every seat is crucial, particularly heading into an election year where the Republicans are poised to make big gains.

Further, New York is one of the states where the Democrats are best positioned to draw maps to mitigate some of these losses. This is particularly true since this is the first time in decades that Democrats hold majorities in the Assembly and the Senate and can work with a Democratic governor.

The new redistricting plan favors Democratic candidates in 22 of New York’s 26 congressional districts (but, obviously does not guarantee wins). While Democrats currently control 19 seats in New York state, compared with eight held by Republicans, New York will lose one seat because of population changes in the 2020 census.

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