Around the States - New York

NYCUA’s resource page gives full comparison of state v. fed charter
Jan. 8, 2018 -- Looking for a comprehensive examination of the state charter versus the federal charter? Look no further than the New York Credit Union Association’s (NYCUA) “State Charter Resource Center” on the web, which includes a 30-slide presentation that looks at topics including taxation, field of membership, lending, trust powers, low-income designation and more. The website also includes a cost comparison of the federal versus the state charter, a rundown of the state charter conversion process (and checklist), and sample bylaws. The resources were developed by the NYCUA, it says, to “assist credit unions to better understand the state charter and how it compares to the federal charter.”

NY opens dialogue on coordinated cyber security rules
Nov. 9, 2015 -- Potential new regulations aimed at increasing cyber security defenses within the financial sector are under consideration by the New York State Department of Financial Services (NYDFS).

Mobile command center provides foreclosure prevention assistance to homeowners
Aug. 10, 2015 -- Albany, N.Y. -- Gov. Andrew M. Cuomo today announced that he is deploying trained personnel from the Department of Financial Services to Watertown and Oswego to offer foreclosure prevention assistance to financially struggling homeowners.

New York Credit Unions Assist Thousands with Tax Preparation
April 22, 2015 –Albany, N.Y. –
New York's credit unions assisted thousands of individuals and families with free tax preparation services last year, according to the New York Credit Union Association's 2014 MORE Report.

Field of Membership Expansion Bill Signed into Law in New York

December 18, 2014 –Albany, N.Y. –
State-chartered credit unions in New York will now be allowed to apply for a membership field that includes community, association and occupation-based groups at the same time, thanks to a bill that N.Y. Gov. Andrew Cuomo signed into law Wednesday. 


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