As a benefit of membership in the New York Credit Union Association, credit union professionals can access the Association’s exclusive webinar exploring what the Excelsior Linked Deposit Program means for credit unions and their business members.
The webinar includes an overview of the enrollment process, borrower and project eligibility requirements and the program application and process. The event features 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 the 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.
The on-demand webinar can be can be accessed on the Association’s website (Association login required).