The Point: Feb. 14, 2014


Holiday schedule: The Credit Union Association of New York, its Affiliates and the New York Credit Union Foundation will be closed Monday, Feb. 17, in observance of Presidents' Day.

CUs dressing down for CMN Hospitals Valentine’s Day fundraiser

Credit union professionals across the state are dressing down today as part of the Credit Union Association of New York’s statewide fundraiser to benefit the Children’s Miracle Network Hospitals that serve New York. All funds raised this year are being matched by CO-OP Financial Services’ Miracle Match Program.

In addition to the Association, the following New York credit unions are supporting the fundraiser: Buffalo Metropolitan FCU, Chen-Del-O FCU, Columbia-Greene FCU, Cornerstone Community FCU, Dannemora FCU, Fulton County FCU, Great Erie FCU, Greater Niagara FCU, Leatherstocking Region FCU, Niagara Regional FCU, Peru FCU, School Systems FCU, SeaComm FCU, Sidney FCU, TCT FCU, The Summit FCU, UFirst FCU and Western New York FCU.

Participating credit unions are encouraged to post photos of their fundraising efforts on the Association’s Facebook page and reminded to report their efforts on the Association’s website. Funds and national donation reporting forms should be remitted to the Children’s Miracle Network Hospitals’ corporate office in Salt Lake City, Utah, by March 7.

Briefing materials available for GAC Hill visits

With CUNA’s 2014 Governmental Affairs Conference (GAC) less than two weeks away, GAC attendees are encouraged to review newly released legislative briefing materials to help prepare for lobbying sessions on Capitol Hill.

Notably, CUNA has posted a legislative briefing webcast that provides a list of major credit union issues, including: preserving the credit union tax status, merchant data breaches, reducing regulatory burden, housing finance reform and charter enhancements (such as capital and member-business lending reform). Additional materials include:

  • a list of 2014 credit union legislative priorities;
  • leave-behind documents highlighting key issues and explaining the credit union system;
  • talking points;
  • a step-by-step guide on how to discuss each topic with lawmakers during the visits; and
  • a list of reminders about what to expect during Congressional office visits.

As a reminder, a number of legislative resources are also available in the Credit Union Association of New York’s Action Center (member login required).

For the latest CUNA GAC updates, visit the event website.

Digital Benefit Advisors webinar now available on demand

The Credit Union Association of New York hosted a free webinar last week, highlighting a new strategic partnership with employee benefits provider Digital Benefit Advisors (DBA). Credit unionists who were unable to attend can now access the webinar on demand through the Association’s Strategic Partners web page.

The webinar explained how credit unions can benefit from the new strategic partnership, gain control of long-term benefits and implement risk management strategies. The webinar also provided information on DBA’s Customer Care Advocates and Digital Benefits Marketplace, a private benefits exchange.

Rochester among 10 best cities for banking

Popular financial website NerdWallet named Rochester, N.Y., among the 10 best cities for consumer banking in 2014. The city made the list due to the high number of credit union and bank branches.

With more than 70 branches per 100,000 residents, Rochester residents have easy access to in-person financial services. Notably, there are 26 credit unions operating branches within the Rochester city limits, serving nearly 785,000 members. The city also boasts a lower-than-average monthly checking fee of approximately $8.24.

Helpful Links

CUNA News Now

Don't Tax My Credit Union Website

Don't Tax My Credit Union Campaign Resources

New York's State of Mind Blog

Events & Education Calendar

Previous Issues