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June 12, 2019 — Contact Your Legislators: Urge Them To Oppose A.3262/S.6079: Allowing Credit Unions To Accept Municipal Deposits

IBANYS continues to monitor developments regarding legislation that would  allow credit unions to enter the public deposits (state and/or municipal deposits) business. We have testified and submitted memos in opposition on these initiatives, and have asked member banks to reach out to…

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S.3312/A.3320 Would Allow Credit Unions Into The State BDD Program & To Access Municipal Deposits

A second bill, S.3312, Sanders/A.3320, Zebrowski would permit tax-exempt credit unions to participate in the State Business Development District (BDD) Program.  As  IBANYS Memo in Opposition states, credit unions continue to seek expansion of their powers without accepting the burdens associated with taxes…

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June 5, 2019 — Contact Your Legislators: Urge Them To Oppose A.3262/S.6079: Allowing Credit Unions To Accept Municipal Deposits

Legislation that would allow credit unions to enter the public deposits (state and/or municipal deposits) business is still alive and under consideration in Albany. IBANYS continues to inform members of the Legislature how this legislation would seriously impact community banks and…

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