The Association continues to advocate for the interests of New York credit unions and strives to help all New Yorkers receive the financial services and opportunities they deserve. As a result of unified efforts, there have been a number of enhancements to the state charter and prize linked savings legislation was signed into law by Governor Andrew Cuomo. The Association continues to aggressively pursue credit union access to municipal deposits, a credit union state funds deposit program, and securing Community Development Financial Institution (CDFI) Program funding.
On a national level, credit unions are pursuing Congressional support of a data security bill that would place more responsibility on the companies responsible for breaches, and are pushing Congress to pass legislation that would require major credit card companies to provide more information to credit unions when a breach occurs. Other key national priorities include capital reform, CFPB reform, examination fairness, and reducing credit union's regulatory burden.
While participating in national efforts, the Association also continues to serve the communities of New York. Its philanthropic arm, the New York Credit Union Foundation, has expanded its financial literacy programs and offers several grants and scholarships.
By providing credit unions in New York with advocacy, education and numerous resources, the Association has advanced the movement both state-wide and nationally.
Today, there are more than 100 million credit union members in the nation. And as the credit union movement continues to evolve and expand, it is clear that our history is only the beginning.
