GEDDES — Geddes Federal Savings and Loan Association has a new president. Brian DuMond is the association’s sixth president.
He succeeds William Hemmerlein, who retired at the end of 2012. DuMond joined Geddes Federal in November.
He previously worked for the accounting firm Dermody, Burke & Brown CPAs, LLC of Syracuse where he was a partner. He spent 26 years at the firm and specialized in working with financial institutions, governments, and nonprofits and was involved with the firm’s fraud, forensic, and audit work, according to Geddes Federal.
(Sponsored)
Final Regulations for the Advanced Manufacturing Production Credit
The IRS recently issued final regulations for the Section 45X Advanced Manufacturing Production Credit, clarifying and expanding key provisions from the proposed regulations released in late 2023. These updates are
The OBBBA Resurrects the Immediate R&E Expense Deduction
Under the Tax Cuts and Jobs Act (TCJA), businesses, including manufacturers, have been required since 2022 to amortize domestic Section 174 research and experimental (R&E) costs over five years, rather
“I look forward to building on the 64-year tradition of providing our neighbors with quality residential loans and savings products and the personal service our customers have come to know and expect,” DuMond said in a news release.
Geddes Federal has branches in Geddes and Manlius.
Contact Tampone at ktampone@cnybj.com
