We are thrilled to share the following news: Governor Hochul has vetoed the controversial bill, A.9230B/S.9383A, which posed significant challenges to New York’s credit unions and their members. This decision reflects the power of our collective advocacy and the unified voice of our credit union community. A copy of the Governor’s veto message (Veto No. 110) can be found here.

This outcome is a direct result of the tireless efforts of your Association, its Governmental Affairs Committee (GAC), and dedicated credit union advocates like you. Together, we highlighted the operational challenges, confusion, and unnecessary costs this legislation would have imposed, ensuring these concerns were brought to the forefront of the Governor’s considerations.

Your participation—whether through sending messages, engaging your teams, or spreading the word—played a critical role in this success. This achievement is a testament to the strength and resilience of our credit union movement when we unite to protect the interests of our members and communities.

“I’d like to thank Governor Hochul for listening to the concerns of New York credit unions and taking the important action of vetoing this bill,” said Association President & CEO William J. Mellin. “This decision reflects her understanding of the vital role credit unions play in supporting millions of New Yorkers and the potential harm this legislation would have caused to their operations and members.”

While we celebrate this milestone, it also serves as a reminder of the importance of staying vigilant and prepared to address future challenges. Advocacy is at the heart of what we do, and your unwavering support makes all the difference.

Thank you for standing with us in this effort. Together, we’ve demonstrated the impact of a collective voice and ensured a brighter future for credit unions across New York.

With gratitude and shared pride,

New York Credit Union Association