Paula Stopera, president/CEO of CAP COM FCU, was recently appointed to Federal Reserve Bank of New York’s Community Depository Institutions Advisory Council.
The New York Credit Union Association recently assisted Spencerport FCU with their community charter request, which was approved by NCUA, to serve Monroe and Orleans Counties.
New York credit unions saw solid membership, loan and savings growth in the second quarter of 2017, according to the New York Credit Union 2017 Second Quarter Profile report.
Developed in partnership with CUNA, the report provides relevant and up-to-date analysis of key statistics and trends that impact credit union performance.
Hurricane Maria has largely brought financial services on Puerto Rico to a standstill. The category 4 storm tore through Puerto Rico last week, leaving the majority of the Caribbean island without power.
The U.S. Department of the Treasury’s Community Development Financial Institutions Fund recently announced grants and loans to 265 CDFI-certified organizations totaling $171 million.