In this week’s New York Minute, we’ve got the latest news from credit unions across the state. From advocacy comments and strategic partnerships to board leadership and community support, there’s plenty to catch up on.
Association and America’s Credit Unions Respond to Rep. Claudia Tenney’s Recent Comments in Joint Letter
Your Association and America’s Credit Unions have sent a letter to Rep. Claudia Tenney addressing recent comments she made about credit unions. The letter highlights the value of credit unions to the community and the importance of their tax-exempt status.
The letter, signed by both Association President/CEO William J. Mellin and America’s Credit Unions President/CEO Jim Nussle, emphasizes that credit unions are not-for-profit cooperatives that are owned by their members and exist to serve their best interests. They offer a range of financial services, including checking and savings accounts, loans, and investment products. Credit unions are known for their competitive rates, lower fees, and personalized service. They are also committed to giving back to their communities through financial education programs, volunteerism, and charitable donations.
The letter also addresses concerns about credit union field of membership and tax exemptions. It highlights the importance of these provisions in ensuring that credit unions can effectively serve their members and promote financial inclusion.
Take Action!
You can help support credit unions by contacting Rep. Tenney’s office and expressing your support for the credit union movement. You can also share your personal story about how a credit union has positively impacted your life.
Read the full letter below for more information.
The Association Enters Strategic Partnership with CUCollaborate
Your Association is excited to announce a new strategic partnership with CUCollaborate! This collaboration aims to empower credit unions across the state to achieve their growth and expansion goals.
This partnership will provide member credit unions with a range of benefits, including access to tools and resources that can help them expand their reach, improve their impact, and enhance their members’ experience. By leveraging CUCollaborate’s expertise and technology, credit unions will be able to leverage data-driven insights, access expert support, and implement effective growth strategies. This collaboration will enable credit unions to meet the evolving needs of their members and strengthen their position in the market.
“This partnership aligns perfectly with our mission to support, advocate for, and advance credit unions across New York State,” says William J. Mellin, Association President & CEO. “Together, we’ll ensure credit unions have the resources they need to grow, innovate, and meet the evolving financial needs of their communities.”
To hear more about what to expect from CUCollabortate, mark your calendars and register for an introductory webinar on November 20 at 10 am! Link to the webinar below.
Rochester Business Journal’s Power List Names Three CU Leaders
Congratulations to the three credit union leaders from the Rochester area who have been named to the Rochester Business Journal’s 2024 Power List for Banking & Finance!
Pamela Heald, President and CEO of Reliant Credit Union, has been recognized for her leadership in fostering a strong team culture and providing exceptional service to members. Under her guidance, Reliant has been named a top workplace multiple times and has been recognized for its commitment to community development.
Laurie Baker, President and CEO of The Summit Federal Credit Union, is known for her dedication to serving members and the community. She has led the credit union in numerous community initiatives, such as sponsoring events and supporting local nonprofits. Baker is also passionate about financial education and empowering members to achieve their financial goals.
Faheem Masood, President and CEO of ESL Federal Credit Union, has been recognized for his leadership in building a strong and member-focused organization. ESL has experienced significant growth under Masood’s leadership, and he is committed to delivering innovative financial solutions to members.
These three leaders exemplify the commitment to excellence and community service that is characteristic of the credit union movement. Their recognition on the RBJ Power List is a testament to their hard work and dedication. To view the full list, click below!
Mark Your Calendars: Federal Home Loan Bank of New York Board Election
The Federal Home Loan Bank of New York’s Board of Directors election will take place this November. We are excited to share that Brad Calhoun, President and CEO of Teachers Federal Credit Union is seeking election to the board.
As members of the FHLBNY, which serves a vast network of financial institutions across New Jersey, New York, Puerto Rico, and the U.S. Virgin Islands, it’s crucial to have leaders who are committed to advancing FHLBNY’s mission of supporting housing and local community development. Let’s ensure our community and its interests are represented by voting in this important election.
Your vote is essential in electing representatives who understand the unique challenges and opportunities facing credit unions today.
“As the Federal Home Loan Bank of New York’s Board of Directors elections open, we have a unique opportunity to shape the future of our financial services community,” said Association President & CEO William J. Mellin. “It’s crucial that our leadership reflects the values and needs of credit unions. Having Brad Calhoun serve on the board assures us that our voice will be heard. I encourage all eligible members to participate in this important election.”
Meet the newest Account Executive from TruStage, Deb Perini!
We’re excited to introduce Deb Perini, a new TruStage Account Executive who will be supporting credit unions in Western and Central New York. Deb brings a wealth of experience to the table, with over 20 years in the financial services industry. She has held key managerial roles at credit unions like Belco Community CU and PSECU, as well as banks like PNC Bank, before joining TruStage as a Regional Program Consultant in their Wealth Management Division.
Deb’s passion for the credit union movement and her extensive knowledge of TruStage products make her a valuable asset to the team. She’s eager to connect with and help ensure her clients have the resources and support to provide exceptional value to members.
Suffolk Credit Union Supports G.O.O.D. with $10,000 Donation
We’re spotlighting Suffolk Credit Union for their $10,000 donation to Guardians Of Our Dependents (G.O.O.D.). This donation will help support the families of fallen and injured police officers in Suffolk County and beyond.
G.O.O.D. provides essential assistance to families during their time of need, helping to cover expenses like mortgages, groceries, and childcare. Suffolk Credit Union’s generous contribution will make a significant impact on these families, ensuring they have the support they need to cope with their loss and rebuild their lives.
We commend Suffolk Credit Union for their commitment to supporting our local heroes and their families.
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