In recent weeks, the Association has had the privilege of meeting with our elected officials and their staff. Eighth-term Congressman Paul Tonko stopped by New York Credit Union Association headquarters in Albany to discuss credit union priorities in New York and D.C.. The Association voiced our opposition to the Credit Card Competition Act, support for the SAFE Banking Act, and support for the Veterans Members Business Loan Act.  

While on a road trip across the state, the Association met with staff from Senator Gillibrand’s office to discuss her cryptocurrency legislation that provides the regulatory framework for credit unions to participate as custodians for cryptocurrency.

On Wednesday, the New York Credit Union Association hosted a meeting with credit union leadership around the state thanking Senator Addabbo for introducing his important legislation that creates the credit union deposit program allowing the Comptroller and Commissioner of Taxation and Finance to deposit a portion of funds under the state control into credit unions. Currently, programs like this only exist for banks and it is a great thing for credit unions to use this money to provide loans to our members and help grow the communities we serve. The Association invites our representatives in the Senate and Assembly to sign as co-sponsors for this bill to show their support for the nearly 300 credit unions spread across the state.

The New York Credit Union Association and its 6.6 million members spread across the state thank our elected officials for taking time to learn about credit union issues and will continue to work together on behalf of the nearly 300 credit unions we represent.