The Point: Feb. 12, 2013

New website feature: Ask the Association Board

The Credit Union Association of New York has launched a new, interactive tool to connect credit unionists with the Association board members who represent them. By visiting the "Ask the Association Board" page, credit unionists can now submit questions directly to Association board members.

Those who submit questions will receive a personal response within seven days, or a request for additional information if necessary. All questions will be kept anonymous if published or shared.

"My fellow board members and I always appreciate getting questions or feedback from our peers, as it helps us strengthen our Association and our statewide movement," said Lou Jimenez, Association chairman. "We hope this new tool will promote even more dialogue between Association leadership and the credit unions we represent."


More credit union bills introduced in State Legislature

The Credit Union Association of New York continues to advance this year's State Legislative Agenda, and bills that address municipal deposits, robbery penalties and inclusion in the state's banking development district program have all been introduced in the Legislature.

Municipal deposits: Companion bills that would allow New York municipalities to make deposits into credit unions and savings banks, up to the deposit insurance limit per deposit (currently $250,000), have been introduced in the Senate and the Assembly.

The Senate bill, S.3161, was introduced by Sen. Jack Martins (R-Long Island) and has been referred to the Senate Local Government Committee. The Assembly bill, A.4520, was introduced by Assemblyman Harvey Weisenberg (D-Long Island) and has been reported to the Assembly Banks Committee. Both Martins and Weisenberg introduced similar bills in 2012.

An additional municipal deposits bill (A.1112) was introduced by Assemblyman Carl Heastie (D-Metropolitan) last month and referred to the Assembly Banks Committee.

Robbery penalties: Legislation that would increase the penalty for robbery of property from a financial institution and make the crime a class C felony has been introduced in the Senate by Sen. Joseph Griffo (R-Utica-Rome) and referred to the Senate Banks Committee. The bill, S.3559, is the companion of A.2485, which was introduced last month by Assemblyman Charles Lavine (D-Long Island).

Additional legislation (S.3039) providing that the threat of the use of a firearm or explosive device during a robbery would constitute robbery in the second degree has also been introduced by Sen. John Bonacic (R-Catskill-Hudson/Southern Tier) and referred to the Senate Codes Committee.

Banking Development District Program: In the Senate, a bill (S.3569) that authorizes credit unions to participate in the Banking Development District Program has been introduced by Sen. Malcolm Smith (D-Metropolitan) and referred to the Senate Banks Committee. In the Assembly, a similar bill (A.4555) has been introduced by Assemblyman Dennis Gabryszak (D-Buffalo) and referred to the Assembly Banks Committee.

Additionally, companion bills that would enable low-income credit unions in cities with a population of 1 million or more to participate in the Banking Development District Program have been introduced in both the Senate and the Assembly.

Credit unionists can learn more and ask their representatives to support these bills by visiting the Credit Union Association of New York's Action Center. Note: Thank-you messages will automatically be generated for representatives who have already supported the legislation.


CUNA revamps Regulatory Advocacy report, encourages subscriptions

CUNA has redesigned its weekly Regulatory Advocacy Report to help member credit unions stay updated on regulatory developments. The report now features improved search capabilities and enhanced access for CUNA members, and it will be delivered on Mondays instead of Fridays.

CUNA member credit union employees and volunteer leaders can subscribe to the free publication by visiting CUNA’s website (member log-in required). 

As a reminder, New York credit unionists can also subscribe to the Credit Union Association of New York’s Political Action Network (PAN) e-newsletter. The newsletter provides state and federal legislative updates, political insights and information about advocacy and political action. To subscribe, visit the Association website (member log-in required).


Young Professionals Commission nominations due Friday

The Credit Union Association of New York is currently seeking new candidates for membership in the Young Professionals Commission. Nomination forms must be submitted by Feb. 15 to Allison Barna, director of NYCUF/community development, at allison.barna@cuany.org.

The Commission, which is comprised of credit union professionals age 35 and under, develops strategies to help credit unions connect with younger adults and engage them as members, employees and volunteer leaders. Young professionals interested in serving on the Commission should speak with their managers/CEOs regarding the nomination process.

Complete details, including nomination information, are available on the Association website.


National industry news & CUNA reports

To view today's issue of CUNA News Now, click here.

To view the most recent CUNA Regulatory Advocacy Report, click here. (CUNA member log-in/registration required.)

To view the most recent CUNA Legislative Update, click here. (CUNA member log-in/registration required.)