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 $6.95B in assets
- Largest FCU: BETHPAGE FCU $13.01B in assets
| Second Quarter 2023 | SCUs | FCUs | Total CUs | % of SCUs/Total |
|---|---|---|---|---|
| Total Credit Unions | 15 | 280 | 295 | 5.08% |
| Credit Union Members | 1.43M | 5.23M | 6.66M | 21.44% |
| Credit Union Assets | $18.23B | $101.54B | $119.76B | 15.22% |
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 DFS Announces Update on Two-Year Transformational Initiative to Strengthen DFS’ Virtual Currency Oversight
New York State Capitol
Building on Previous First in the Nation Guidance For the Virtual Currency Industry, DFS Issues Proposed Updated Expectations On the Adoption or Listing of Virtual Currencies
Sept. 22, 2023 — New York State Department of Financial Services (DFS) Superintendent Adrienne A. Harris today issued an update on an ongoing initiative to strengthen DFS oversight of virtual currencies, highlighting milestone achievements that have transformed agency operations and shaped virtual currency policy across the nation and around the world. Designated as the VOLT initiative this ongoing project has focused on enhancing DFS’s Vision, Operations, Leadership, and Technology in order to further cement DFS’s role as the leading regulator of virtual currency in the nation. In furtherance of this initiative, Superintendent Harris published proposed guidance which adopts enhanced criteria for coin-listing and delisting procedures, as well as updated guidance on the framework for designating coins or tokens to the DFS greenlist. Read more
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