June 24, 2014

6-24-14The New York Credit Union Foundation board of trustees appointed their officers during their June 19 meeting in Saratoga, New York. The meeting took place during the first day of the Credit Union Association of New York's 2014 Annual Meeting & Convention.

Former Vice Chair Robyn Young, CEO of Great Erie FCU, has been named the Foundation's new chair. Catherine Benson, chief of lending at CFCU Community CU, will assume the duties of vice chair, and CUNA Mutual Group Sales Manager Chris Guild was elected to serve as the board's treasurer and secretary.

Two new trustees—John Felton, manager/CEO of Southern Chautauqua FCU, and Jody Carpenter, VP of marketing and business development at UFirst FCU—were also named to the Foundation board.

"The Foundation and all of those who benefit from the Foundation's work are privileged to have such dedicated and capable professionals leading our board of trustees," said Vice President Allison Barna. "I'm confident that the Foundation will continue to excel in fostering the financial independence of all New Yorkers under their leadership."

June 16, 2014

ALBANY, N.Y. – The New York Credit Union Foundation awarded nearly $53,000 in grants to New York credit unions and credit union professionals during the Foundation's first grant cycle, which took place January-May.

Forty-three Professional Development grants totaling $23,575 were awarded to employees and volunteers from 30 credit unions. The funds are used to help credit union professionals cover the costs of industry training sessions and education events.

Seven Small Credit Union grants totaling $17,989 were awarded to the following credit unions: Local 41 IBEW Federal Credit Union, Buffalo Cooperative Federal Credit Union, Greece Community Federal Credit Union, GRS Employees Federal Credit Union, South Towns Community Federal Credit Union, Spencerport Federal Credit Union and Upstate Milk Employees Federal Credit Union. The grants can be used for a variety of general operating needs—including technology upgrades, security improvements, and consulting services—that help to improve member service.

The Foundation also awarded five Smart Money grants totaling $11,253 to: Cooperative Federal Credit Union, Buffalo Metropolitan Federal Credit Union, Alternatives Federal Credit Union, CORE Federal Credit Union and ServU Federal Credit Union. Smart Money grants are used to assist with a variety of projects, including: youth or adult financial education programs, homeownership programs or services, financial counseling, savings and wealth building initiatives, tax preparation services, and initiatives that provide the unbanked with access to financial services.

"The Foundation is able to provide these important grants thanks to the enormous generosity of New York credit unions and individual supporters," said Foundation Vice President Allison Barna. "These grants allow credit unions to provide better service and better products that ultimately benefit the lives of their members."