In this week’s New York Minute, we’re diving into the latest news from credit unions across the state. From recognizing the contributions of dedicated leaders to highlighting essential fraud prevention resources and exploring upcoming events, get the latest updates on New York’s credit unions.
Meet Our Board: Robyn Young
Robyn Young, President & CEO of Great Erie Federal Credit Union and a member of the Association’s board of directors, has been a driving force in the credit union industry for over three decades. Her passion for serving others and her commitment to the credit union movement have made her a valuable asset to the Association.
Robyn’s career in the credit union industry began in 1986 as a teller at Riverside Credit Union. Drawn to the industry’s focus on serving members and improving their financial lives, she joined the Association board to give back and advocate for credit unions.
Learn more about her career and her insights in the full blog!
Protect Your Members from Fraud: League InfoSight Resources
Staying ahead of evolving fraud tactics is crucial for credit unions. Ensure you’re prepared by accessing the materials available to you! League InfoSight offers a comprehensive suite of resources to equip you with the knowledge and tools to combat fraud and protect your members.
Just last month, the League InfoSight Fraud Symposium brought together experts to educate credit union professionals all about various aspects of fraud prevention. This two-day event featured industry experts who tackled critical fraud topics, offering practical guidance and real-world scenarios. Access recordings of the symposium presentations directly on the event page.
By leveraging these resources, your credit union can significantly strengthen your defenses against today’s ever-evolving fraud landscape.
ESL Federal Credit Union to Acquire Generations Bank
ESL Federal Credit Union in Rochester has announced an agreement to purchase Generations Bank in Seneca Falls. The deal, unanimously approved by both organizations’ boards, is expected to close by late 2025, pending regulatory and shareholder approvals.
This acquisition will expand ESL’s presence to more than 30 full-service branches throughout the Greater Rochester and Finger Lakes region. Both ESL and Generations are committed to serving their communities, and this transaction marks another step in ESL’s growth and dedication to providing superior experiences for its members and the communities it serves.
“This move represents a bold step toward greater service, deeper community impact, and a renewed commitment to members in the Finger Lakes and Greater Rochester regions,” said Association President & CEO Bill Mellin. “ESL’s dedication to community prosperity continues to shine through, and this acquisition is a testament to the power of cooperative financial institutions expanding their reach while staying true to their mission.”
SJP FCU Awarded Small Business Relief Program Grant
As a member of the Federal Home Loan Bank of New York, SJP FCU was awarded a $50,000 grant as part of the Small Business Relief Program. The grant was established for businesses and organizations affected by high interest rates and inflation. Upon receiving the $50,000 grant, the credit union decided to pass the grant funds on to five of their Employee Group partners.
The following groups were included: the Catholic Club of Kenmore ($10,000), Kevin’s Catering Inc. ($10,000), Buffalo Bomb Squad Sports Inc. ($10,000), Greater Buffalo Track Club ($10,000), CRJ Landscaping & Snowplowing ($5,000), and Pro Training Basketball, Inc. ($5,000).
Chas Kirsh, Manager & CEO of SJP FCU said “This is a fantastic program and opportunity for our SEGs and our members. We maintain a very close partnership with our Employee Groups and it is a pleasure to strengthen those relationships by providing these much needed grant funds.”
Reserve Your Spot: CEO Roundtable
The 2024 CEO Roundtable is an exclusive event designed for credit union CEOs with assets under $100 million. This gathering provides a unique opportunity to connect with peers, gain valuable insights, and collaborate on shaping the future of the credit union industry.
Event Details
Wednesday, October 23rd & Thursday, October 24th
Turning Stone Resort Casino, Verona, NY
The CEO Roundtable will feature thought-provoking discussions, networking opportunities, and insightful presentations. You’ll have the chance to learn from industry leaders, share your experiences, and collaborate on strategies to drive your credit union’s success.
To register for the CEO Roundtable and learn more, click below. Save $25 on registration fees when you use code 2024NYM!
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