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Visions CEO Muse awarded honorary doctorate degree from Binghamton University
VESTAL — Binghamton University has awarded Tyrone Muse, president and CEO of Visions Federal Credit Union (FCU), an honorary doctorate degree. Muse was honored as Doctor of Humane Letters (LHD) during the university’s School of Management commencement ceremony on May 16 in Vestal, the credit union said in a June 18 announcement. During the university’s […]
The Summit FCU posted its highest asset growth last year
ROCHESTER — The chair of the board of directors for the Summit Federal Credit Union (FCU) says the organization’s 2024 asset growth was its highest since 2020, with an increase of $91 million, or 7 percent. It was part of board chair Chris Modesti’s message to a hybrid audience of board members, employees, and members
New Community Financial CFO outlines goals
DeWITT -— Community Financial System Inc.’s (NYSE: CBU) new chief financial officer brings a background in hedge funds and the Buffalo area to the banking and financial services company, which has targeted western New York as a growth-opportunity region. Marya Burgio Wlos, who was appointed to her position effective on March 31, is up for
Pathfinder to pay Q2 dividend of 10 cents in early August
OSWEGO — Pathfinder Bancorp, Inc. (NASDAQ: PBHC), the bank holding company of Pathfinder Bank, has declared a cash dividend of 10 cents per share of its common stock for the second quarter of 2025. The dividend is payable on Aug. 8 to all shareholders of record as of July 18, according to a June 30
Canandaigua National Bank names Syracuse–area branch locations
CANANDAIGUA — It’s been known since last fall that Canandaigua National Bank (CNB) was coming to the Syracuse area with several new branches. Now we know where. The bank announced on July 18 that over the next year, it will open four new branches at the following locations: the Washington Station Building at 333 W.
Jefferson County hotels post slight drop in occupancy in June
WATERTOWN — Jefferson County hotels saw slightly fewer overnight guests in June, as two other key business indicators also posted small declines during the month. The hotel-occupancy rate (rooms sold as a percentage of rooms available) in the North Country’s most populated county slipped 1.6 percent to 57.7 percent in the sixth month of 2025,
VIEWPOINT: Online business fraud continues to increase
We’re all aware of the many ways that scammers are working to defraud individuals out of their hard-earned money. But small businesses continue to be in the crosshairs of today’s online criminals. The Federal Trade Commission (FTC) highlights a wide range of fraudulent schemes targeting businesses, including scams involving fake invoices and unordered merchandise, online
VIEWPOINT: Parsing through the economic data & gauging the outlook
I’d like … to share my assessment of recent economic data and how it’s informing my outlook for the economy. Particularly, I’ll explain what the data are telling us in light of economic uncertainty, and how I expect the effects of tariffs to take shape. Now is when I must give the standard Fed disclaimer
VIEWPOINT: A Warning for New York State’s Energy Policy
On June 24, New York State’s electricity grid nearly blew a fuse. That day was extremely hot, and air conditioning was working overtime. The New York Independent System Operator (NYISO), the entity running New York’s electricity grid, declared the so-called “Energy Warning.” How bad was it? According to NYISO, an energy warning is issued when
Marcellus firm wins nearly $8 million AFRL contract for HVAC work
MARCELLUS — Welch Construction Inc., of Marcellus, was recently awarded an almost $7.8 million firm-fixed-price contract for repair and replacement of heating, ventilation, and air conditioning (HVAC) systems at the Air Force Research Laboratory (AFRL) in Rome. This contract provides for the repair and replacement of HVAC systems in the C and D Bays of
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