NCUA approves Ticonderoga FCU’s community charter expansion

11265056_894013930677562_4504479773686138218_oNCUA recently approved Ticonderoga FCU’s request to expand their field of membership.

Effective immediately, the credit union can now serve individuals who live, work, worship or attend school in the following New York counties: Essex, Washington, Warren, Franklin, and Clinton, as well as Addison County in Vermont.

“Strategic growth is vital to our long term strength and viability. TFCU has served the North Country since 1954”, said Ticonderoga FCU President & CEO Shawn Hayes. “Expanding our field of membership with these additional counties further into New York and now Vermont will allow us to provide cutting edge products and services in person and through the use of technology to many more members for many more years to come. We will analyze our options with respect to possible new future physical locations. It is also our intention to leverage technology to serve members who like and want to conduct business with their financial institution electronically whenever and wherever it is convenient for them.”

The New York Credit Union Association assisted with writing the community charter plan for the credit union.

“The application process for this charter expansion began under the leadership of Ralph Corbo, our previous chairman with full board approval,” said Ticonderoga FCU Board Chairman David Baird. “I am excited and look forward to watching our credit union grow using the technological improvements we’ve made these past few years.”

To learn more about how the Association can assist credit unions with community charter expansions, contact Management Consultant Marge Kazz at margaret.kazz@nycua.org.

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