Straight to The Point

Association seeking director nominations
The New York Credit Union Association is currently accepting nominations for its board of directors. In accordance with the bylaws, four Association director positions, which are the result of expiring terms, will be filled at the June 4, 2017 Annual Meeting.

The expiring director seats include: one in the asset tier of up to $25 million, one in the asset tier of $25 million to $100 million, and two in the asset tier of more than $100 million. Elected directors will hold office for a three-year term.

To submit a nomination online, visit the Association’s Nomination Center (user login required). A printable nomination form, available on the Association’s Nomination Center web page, can also be completed and faxed to the Association at (518) 782-4285 or mailed to New York Credit Union Association, ATTN: Office of General Counsel, 1021 Watervliet-Shaker Rd., Albany, NY 12205.

Important dates include:

  • March 28: deadline to submit nominations to the Association;
  • April 21: voting commences;
  • May 25: voting closes; and
  • June 4: election results announced at the 2017 Annual Meeting.

For additional information, visit the Association website or contact Henry Meier, Association general counsel, at (800) 342-9835, ext. 8144 or

WOCCU accepting Distinguished Service Award nominations
The World Council of Credit Unions is seeking 2017 Distinguished Service Award nominations. The award—considered the international credit union movement's highest honor—recognizes individuals and organizations that have provided outstanding service to credit union development outside their home country.

More: Call for Distinguished Service Award nominations

Reminder: Registration open for Lending School
Credit union lenders can now register for the New York Credit Union Association’s two-day Lending School. This year, the Association will again hold two sessions—one in Albany and one in Buffalo—on separate dates.

The Albany session will be held April 4-5 at Association headquarters in Albany, and the Buffalo session will be held April 6-7 at the Millennium Hotel in Cheektowaga.

Both sessions will be led by Celeste C. Cook, a credit union strategist and keynote speaker with more than 20 years of industry experience.

State and National News

InvestmentNews: A memo sent by President Donald Trump on Friday directs the Labor Department to review the department’s fiduciary rule, but it does not contain an explicit delay of the rule – More

CU Times: The Trump administration also ordered a detailed review of the Dodd-Frank Act – More

American Banker: The short-term impact of Trump’s Dodd-Frank Act review is likely to be minimal – More

CUToday: Young men are leading the way when it comes to using digital payment technology, and also spending more – More

Krebs on Security: Scammers are off to an early start this tax season, and they’re combining two well-known tactics: CEO fraud and W-2 phishing – More

New York’s State of Mind

Gov. Andrew Cuomo’s executive budget proposal includes language authorizing financial institutions to impose transaction holds when they believe individuals are being victimized by financial exploitation – More