New York

 BENEFITS OF THE NEW YORK STATE CHARTER (View/download PDF)

REGULATING AGENCY: Department of Financial Services; Community and Regional Banks Division

New York State Capitol

  • Adrienne A. Harris, Superintendent of Financial Services
  • Yolanda Ford, Deputy Superintendent of Banks
  • Website: dfs.ny.gov

LEAGUE: New York Credit Union Association

  • William J. Mellin, President/CEO
  • Website: nycua.org

PRIVATE SHARE INSURANCE: No


2023 STATS 
  • Largest SCU: HUDSON VALLEY CU $6.85B in assets
  • Largest FCU: BETHPAGE FCU $13.0B in assets
Third Quarter 2023 SCUs FCUs Total CUs % of SCUs/Total
Total Credit Unions 12 279 291 4.12%
Credit Union Members 1.44M 5.28M 6.72M 21.42%
Credit Union Assets $18.11B $101.71B $119.81B 15.11%

FUN FACT

Wade Boggs and Cal Ripken Jr. played against each other in Rochester vs. Pawtucket Red Sox in the longest game in baseball history. The game went a total of 33 innings.


RECENT NEWS
New York State Department of Financial Services
Governor Hochul Unveils Proposal of 2024 State of The State: The Consumer Protection & Affordability Agenda

Jan. 5, 2024 — Governor Kathy Hochul today unveiled a sweeping consumer protection and affordability agenda, the first plank of her 2024 State of the State. Governor Hochul announced proposals to amend New York’s consumer laws to strengthen consumer protections against unfair business practices; establish nation-leading regulations for the Buy Now Pay Later loan industry; advance the first major increase in paid medical leave benefits in more than three decades; implement the nation’s most wide-ranging proposal to eliminate co-pays for insulin on certain insurance plans; and propose legislation to combat medical debt. Governor Hochul announced these proposals just one day after New York’s minimum wage increase took effect.


STORY ARCHIVE

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