Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
CUs eager to participate in N.Y. revitalization
ALBANY, N.Y. (1/8/10)--New York credit unions are eager to participate in New York Gov. David Paterson’s state revitalization plan, said Credit Union Association of New York President/CEO William J. Mellin. Paterson delivered his second State of the State address as governor Wednesday, and outlined his plan to rebuild New York. The association commended Paterson on his address, and said it supports his agenda to build the state economy through fiscal and ethics reform, job development, community reinvestment and modern energy initiatives. New York credit unions will look for ways they can partner with Paterson to achieve his goals, and are ready to help fill a lending void created by commercial banks and other financial institutions because of the subprime crisis, Mellin said. Credit unions have been responsible lenders and will continue to provide capital for small businesses--which will play a larger role in economic revitalization and job creation in the state, he added. “Throughout their history, credit unions have been on the front lines of supporting New York families and communities facing hard times,” Mellin said. “They have taken it upon themselves to move into downtrodden communities that commercial banks have abandoned to make sure the community and its people have access to affordable financial services.” To read Paterson’s address, use the link.
Other Resources

RSS print
News Now LiveWire
NCUA re-schedules start of tomorrow's closed meeting to 9 a.m. ET. Open meeting still at 10 a.m. ET.
7 hours ago
.@lisamurkowski @SenatorEnzi @SenJohnBarrasso are latest to weigh in on NCUA risk-based capital proposal. See #NewsNow tomorrow for more
8 hours ago
Now up on News Now: Fed stays course on taper, interest rates http://t.co/6DntsW58vA
10 hours ago
Positive performance indicators and the potential for rising interest rates in @TheNCUA 's latest economic update. http://t.co/yptPbIGvnU
13 hours ago
The @CFPB has launched a nationwide effort to provide financial education. http://t.co/sF3FXHpv3k
13 hours ago