A long-sought advocacy priority for the credit union movement officially became law this weekend. The Credit Union Board Modernization Act, included as part of the broader 21st Century Renewing Opportunity in the American Dream (ROAD) to Housing Act, took effect at midnight on Saturday after President Trump declined to either sign or veto the legislation.
What This Means for Federal Credit Unions
The headline change is board meeting flexibility. Federal credit union boards are no longer required to meet once every month. Under the new law, boards have the flexibility to meet at least six times per year with at least one meeting per quarter, allowing credit unions to structure their governance in a way that best serves their members and respects the time of their volunteer leaders.
The reduced meeting schedule is available only to federal credit unions with:
A composite rating of 1 or 2; and
A management rating of 1 or 2 (under UFIRS or an equivalent system).
Monthly meetings remain required for:
De novo federal credit unions (in existence for five or fewer years);
FCUs with a composite rating of 3, 4, or 5; or
FCUs with a management rating of 3, 4, or 5 under the UFIRS or equivalent system
What Else Is in the Package
The housing package includes two additional provisions of interest to credit unions:
The Mentor-Protégé Program for Small Financial Institutions Act empowers minority depository institutions and smaller credit unions to collaborate with larger credit unions through formal mentorship efforts.
The American Access to Banking Act streamlines the federal application process, promoting the formation of new, or de novo, credit unions and other community financial institutions.
Thank You for Your Advocacy & Support
This achievement reflects years of sustained, unified advocacy from credit unions, state leagues & associations, and America’s Credit Unions. This is a clear example of what our movement can accomplish when credit unions speak with one voice. Thank you to all advocates who helped carry this priority across the finish line.
We extend our sincere thanks to the sponsors of this legislation and to all the lawmakers who supported it. We are especially grateful to the members of the New York delegation who stood with credit unions throughout this effort: Representatives Nydia Velázquez, Andrew Garbarino, Ritchie Torres, and Mike Lawler, and Senators Chuck Schumer and Kirsten Gillibrand.
Register for an upcoming compliance training, explore a new networking opportunity for credit union professionals, weigh in on a key regulatory proposal, and celebrate New York leaders and credit unions making an impact across the movement. Keep reading this week’s New York Minute for key insights and updates!
Register Now for the Compliance & Legal Conference
Registration is now open for the Association’s annual Compliance & Legal Conference, taking place September 16 at the Turning Stone Resort Casino.
Get updates on the legal and regulatory issues affecting New York credit unions, hear from industry experts, and connect with peers facing similar challenges. Whether you’re a compliance professional, attorney, or HR representative, this event is a must-attend for gaining practical guidance on today’s compliance landscape.
Register by July 17 to take advantage of early-bird pricing. The hotel reservation deadline is August 18, and registration closes September 11.
Compliance Quarterly Webinar Focuses on Wire Transfer Liability
Join the Association’s next complimentary Compliance Quarterly webinar for an in-depth discussion on wire transfer liability and the latest compliance considerations for credit unions.
Session Details Compliance Quarterly – Wire Transfer Liability Tuesday, July 21 11:00 am – 12:00 pm
Association General Counsel Mitch Pollack will examine key regulatory requirements, common risk areas, and practical guidance to help your credit union navigate evolving expectations surrounding wire transfers. Credit union professionals who work in compliance, operations, or risk management will walk away with valuable insights they can apply immediately. Reserve your spot today.
Introducing CU Peer Exchange!
CU Peer Exchange is a new quarterly virtual discussion series designed to connect credit union professionals with peers who understand the unique challenges of their roles.
The inaugural session, Collections Peer Exchange, will take place on July 29 from 11:00 a.m. to 12:00 p.m. Unlike a traditional webinar, this facilitated discussion is designed to encourage participants to share experiences, exchange ideas, and collaborate on common challenges with colleagues from credit unions across New York.
Future CU Peer Exchange sessions will focus on additional professional groups, including compliance, marketing, fraud, and lending.
Feedback Requested on FFIEC’s Proposed CAMELS Rating Revisions
The Federal Financial Institutions Examination Council (FFIEC) has proposed updates to the CAMELS Rating System that would place greater emphasis on material financial risk during examinations, and we want to hear how the proposal could affect your credit union.
Your feedback on our short member survey will help inform a potential Association comment letter by providing real-world operational insights into how the current framework has impacted examinations and where the proposed revisions could improve or create challenges for credit unions.
Submit your responses by July 31 to help shape the Association’s feedback before the August 17 comment deadline.
New York Credit Union Leaders Named to Inaugural CUES x TruStage Leadership Pathways Cohort
Three New York credit union professionals have been selected for the inaugural CUES x TruStage Leadership Pathways Cohort, a new program designed for emerging credit union leaders.
As members of the inaugural cohort, they will participate in a comprehensive leadership development experience focused on building the skills, relationships, and strategic perspective needed to lead the future of the credit union movement.
Finger Lakes FCU Awards Recovery Grants to Seven Local Nonprofits
Finger Lakes Federal Credit Union has once again secured $50,000 through the Federal Home Loan Bank of New York’s Small Business Recovery Grant Program, with funding benefiting seven nonprofit organizations across the Finger Lakes region.
This year’s recipients include the YMCA of Clifton Springs, Seneca County House of Concern, House of John, Main Street Arts, the Geneva Historical Society, the Rotary Club of Geneva, and One Soldier at a Time. Together, these organizations provide services ranging from youth development and food assistance to arts programming, historic preservation, veteran support, and community outreach.
This marks the sixth year Finger Lakes FCU has participated in the program, bringing a total of $400,000 in grant funding to 93 local businesses and nonprofit organizations throughout the region.
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Professional development, community impact, and collaboration are at the forefront of this week’s New York Minute. We’re highlighting registration for upcoming Association and industry events, celebrating credit unions making a difference in their communities, and sharing stories of service, generosity, and local partnerships from across New York.
CU Trends: The Marketing & Sales Conference
Registration is now open for CU Trends: The Marketing & Sales Conference, taking place September 10 in Syracuse.
Designed for marketing, business development, and member experience professionals, CU Trends brings together industry experts and credit union leaders to explore the latest strategies shaping member engagement, brand growth, digital marketing, sales, and business development. Attendees will gain practical insights, fresh ideas, and valuable networking opportunities to help strengthen their credit union’s marketing and sales efforts.
Whether you’re looking to elevate your marketing strategy or discover new ways to connect with members, CU Trends offers valuable takeaways for professionals at every stage of their careers. Learn more and register with the link below!
Registration is Now Open for TruStage’s Discovery 2026
Registration is now open for TruStage’s Discovery 2026, a complimentary virtual conference designed to help credit union professionals explore emerging trends, innovative strategies, and the future of financial services.
The annual event, scheduled for August 27, features industry experts and thought leaders sharing insights on topics including member experience, growth strategies, technology, and leadership. The virtual format allows attendees to participate from anywhere while gaining practical ideas they can bring back to their organizations.
Don’t miss this opportunity to learn from industry leaders and connect with peers from across the credit union movement. Register today.
Teachers FCU Donates $150,000 to Nicklaus Children’s Hospital Foundation
Teachers Federal Credit Union recently donated $150,000 to the Nicklaus Children’s Hospital Foundation to help support pediatric healthcare and improve outcomes for children and families throughout the region.
The contribution reflects the credit union’s ongoing commitment to investing in healthier, stronger communities while supporting organizations that provide critical care and resources to those who need them most.
Congratulations to Teachers FCU for making a meaningful difference in the lives of children and their families.
First New York FCU Supports YWCA Through Small Business Recovery Grant Funding
First New York Federal Credit Union has kicked off a community giving series by presenting a $5,000 grant to YWCA NorthEastern New York through the Federal Home Loan Bank of New York’s Small Business Recovery Grant Program.
The funding will support the YWCA’s domestic violence program, helping provide safety, resources, and hope to individuals and families in need. The grant is the first of 11 community investments that will distribute a total of $50,000 to local organizations making a meaningful impact across the Capital Region.
Follow First New York FCU on social media in the coming weeks to learn more about each organization featured in this community giving initiative.
Alternatives FCU Staff Roll Up Their Sleeves for United Way Day of Action
Alternatives Federal Credit Union staff recently participated in the United Way Day of Action, partnering with the Varna Community Association to support improvement projects at the Varna Community Center.
Throughout the day, volunteers tackled a variety of projects, including restriping the basketball court, filling potholes in the driveway, weeding and mulching garden areas, organizing supplies, and completing other indoor maintenance work. The team accomplished an impressive amount in just a few hours, helping enhance a valued community gathering space for local residents.
What began as a day of service quickly grew into something more. Through the project, Alternatives staff developed a strong connection with the Varna Community Association and identified additional ways to support the organization and its mission. Building on that momentum, a second group of staff volunteers will return in the coming weeks to complete interior painting projects at the center.
Community engagement is about more than a single volunteer event—it’s about building lasting partnerships and investing in the organizations that help our communities thrive. The Day of Action was a great example of how collaboration, service, and shared purpose can create a meaningful impact.
First Choice Financial FCU Establishes Little Free Library
The project, unveiled during a community ribbon-cutting ceremony, reflects the credit union’s longstanding commitment to literacy and encourages neighbors of all ages to “take a book, leave a book.” Community partners, local officials, and library representatives joined the celebration, marking the beginning of a resource that will help inspire a love of reading for years to come.
Congratulations to First Choice Financial FCU for creating a lasting community resource that makes books and literacy more accessible.
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From leadership roles announced at EXCEL 26 to upcoming educational events and industry recognition, plenty is happening across New York’s credit union movement. This week, we’re sharing board election results, previewing key fall conferences, highlighting a complimentary legislative session wrap-up webinar, and celebrating credit unions recognized by Forbes.
Board of Directors Election Results Announced at EXCEL 26
The New York Credit Union Association announced the election results of its board of director positions during EXCEL 26, the Annual Meeting and Convention, held June 11-14 at the Saratoga Hilton in Saratoga Springs, NY.
It was announced that Kevin Mietlicki of Alternatives FCU and Marie Betti of Western New York FCU have been elected to represent Asset Tier 1, the up to $250 million asset tier category, for 3-year terms. Jonathan Roberts of Hudson Valley Credit Union and Kyle Markland of Municipal Credit Union have been elected to represent Asset Tier 2, the over $250 million asset tier category, for 3-year terms.
Additionally, the results of the Association Board’s annual reorganization meeting were announced. Ryan Roberts of Great Meadow FCU has been elected Chair. Kevin Mietlicki of Alternatives FCU has been elected Vice Chair, Nick Mayhew of GPO FCU has been elected Treasurer, and Gary Gizowski of Educational & Governmental EFCU has been elected Secretary.
Association Fall Events Line Up
The second half of 2026 offers a full slate of educational and networking opportunities designed to help credit union professionals stay informed, connected, and prepared for what’s ahead.
Whether you’re a volunteer, executive, or emerging industry leader, there’s an opportunity this fall to strengthen your knowledge and engage and collaborate with peers from across the state.
2026 New York Legislative Session Wrap-Up: Complimentary Association Webinar
Join the Association’s government affairs team on July 15 for a complimentary webinar reviewing key developments from the recently concluded 2026 New York State Legislative Session.
Participants will receive an overview of legislation impacting credit unions, updates on Association advocacy efforts, and insights into what the session’s outcomes may mean for the future of New York’s credit union movement.
The webinar is free for member credit unions and provides an opportunity to hear directly from the Association’s advocacy team about the issues that shaped this year’s legislative agenda.
The series is designed to help participants strengthen leadership skills, expand their professional networks, and gain practical strategies for personal and organizational success. Individuals who register now will also receive access to recordings from previous sessions, including the March 18 program.
The next session is scheduled for July 14, making now an ideal time to join colleagues from across the movement and continue your leadership development journey.
The annual rankings are based on consumer surveys evaluating member satisfaction, trust, financial advice, customer service, and digital services.
Congratulations to all nine credit unions on this well-deserved recognition and their continued commitment to serving members and communities throughout New York!
United Nations FCU Publishes 2025 Impact Report
United Nations Federal Credit Union has released its 2025 Impact Report, highlighting the organization’s efforts to advance financial inclusion, support community development, and create positive social impact around the world.
The report outlines UNFCU’s philanthropic initiatives, volunteer activities, sustainability efforts, and investments made through the UNFCU Foundation to support underserved communities. It also showcases the credit union’s commitment to helping members achieve financial well-being while strengthening the global communities it serves.
Read the full report to learn more about UNFCU’s impact throughout 2025.
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EXCEL 26 may have wrapped up, but the momentum continues. This week’s New York Minute looks back at an unforgettable conference in Saratoga Springs while highlighting advocacy opportunities, community investments, workplace recognition, and the many ways credit unions continue to make a difference across New York and beyond.
Recapping EXCEL 26!
Another successful EXCEL is in the books! Credit union professionals, volunteers, and industry partners from across New York gathered in Saratoga Springs for four days of learning, networking, philanthropy, and celebration at EXCEL 26, presented by TruStage, our Title Sponsor.
Attendees heard from an outstanding lineup of keynote speakers, including experts in leadership, innovation, digital transformation, and personal growth: Hannah Ubl, Amelia Rose Earhart, Erik Qualman, and Kevin Brown. Beyond the educational sessions, attendees connected through networking events, explored the exhibit hall, and participated in several charitable initiatives supporting important causes.
The TruStage Golf Tournament raised $30,000 and the Silent Auction raised $13,000 for the New York Credit Union Foundation, while the annual Wine Pull generated $15,000 for Children’s Miracle Network Hospitals. We also celebrated another memorable EXCEL with this year’s ’80s-themed closing party, complete with music, costumes, and plenty of fun.
Be sure to check out the daily photo galleries and event recap video to relive your favorite moments from EXCEL 26.
Thank you to all who attended New York’s premier credit union event! We look forward to next year. In the meantime, explore upcoming fall sessions on our full event lineup.
With midterm elections approaching and a new legislative cycle on the horizon, now is the time for credit union advocates to make their voices heard. Congressional Caucus 2026, taking place September 13-15 in Washington, D.C., brings together credit union leaders, advocates, and policymakers for critical conversations about the future of the movement.
Attendees will gain insights into emerging policy priorities, discuss pressing legislative and regulatory issues, and engage directly with lawmakers on matters impacting credit unions and the communities they serve. The event offers a unique opportunity to strengthen advocacy efforts while building relationships with industry leaders and elected officials.
As policy discussions begin shaping the priorities of 2027 and beyond, participation in the Congressional Caucus helps ensure the credit union perspective remains front and center in Washington.
Sidney FCU Contributes $20,000 to both United Way Mid Rural NY & IPH’s Danielle’s House
Sidney Federal Credit Union (SFCU) is continuing to make a meaningful impact through its Why SFCU? 1 Million Reasons Community Support Initiative, announcing two $20,000 donations supporting critical community needs.
The first donation was awarded to United Way Mid Rural NY to help provide dental kits and oral health education to approximately 16,000 children across Chenango, Delaware, Otsego, and Madison counties. The funding will help address barriers to dental care in rural communities while promoting healthy habits among local students.
SFCU also contributed $20,000 to IPH’s Danielle’s House, a Montgomery County program providing emergency shelter, transitional housing, and permanent supportive housing for individuals experiencing homelessness. The funding will support facility improvements and expand housing capacity for those in need.
Together, these investments reflect SFCU’s commitment to strengthening the communities it serves by supporting both immediate needs and long-term stability.
Municipal Credit Union Named One of New York’s ‘Best & Brightest Companies to Work For’ for Third Consecutive Year
Municipal Credit Union (MCU) has been recognized as one of New York’s Best & Brightest Companies to Work For® for the third consecutive year, highlighting the organization’s continued investment in employee development, wellness, and workplace culture.
The annual recognition honors employers that demonstrate excellence in areas such as leadership, employee engagement, work-life balance, community involvement, and professional development. MCU’s ongoing commitment to its workforce has resulted in significant investments throughout 2026, including employee training, career advancement opportunities, wellness initiatives, and enhanced benefits programs.
Among the organization’s accomplishments this year was the successful transition of 60 teller positions into Member Service Representative roles, creating new career pathways while enhancing the member experience through a more consultative service model.
The recognition reflects MCU’s belief that investing in employees ultimately strengthens the organization, improves service, and creates better outcomes for members and communities alike.
Reliant Credit Union Donates Sneakers for Children at The Children’s School of Rochester No. 15
Reliant Credit Union recently donated 97 pairs of new sneakers to students at The Children’s School of Rochester No. 15 as part of its longstanding Feet Forward program.
The donation marks the first distribution of 2026 and coincides with the program’s 10th anniversary. Since launching Feet Forward in 2016, Reliant has donated more than 2,800 pairs of sneakers to local children, representing an investment of more than $86,000 in area communities.
Working alongside Rochester Running Company, Reliant helps provide quality footwear to students who may otherwise lack access to properly fitting sneakers. The initiative aims to support students’ health, confidence, and readiness to learn while easing financial burdens on families.
By investing in local youth and removing everyday barriers, Reliant continues to demonstrate its commitment to improving lives and strengthening the communities it serves.
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