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NYCUA’s Mellin applauds NCUA offering relief to credit unions

The board of directors of the National Credit Union Administration (NCUA) on April 16 approved an interim final rule that will provide important financial relief and flexibility to credit unions. That’s according to an April 19 posting on the New York Minute blog on the New York Credit Union Association (NYCUA) website.  In a message to […]

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Alternatives to make $2.5M in business loans in next 3 years in Schuyler County

ITHACA, N.Y. — Alternatives Federal Credit Union of Ithaca announced it plans to make more than $2.5 million business loans throughout Schuyler County over the next three years. The financing will help support both existing businesses and help build new business enterprises, Alternatives said in an online news release. Eligible applicants must fall within the

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Chemung Canal Trust gets approval for new branch near Buffalo

ELMIRA, N.Y. — Chemung Canal Trust Company, a unit of Chemung Financial Corp. (NASDAQ: CHMG), on March 25 received approval from the New York State Department of Financial Services (DFS) to open and operate a new branch office in the town of Clarence in Erie County. “With the COVID-19 pandemic financially squeezing New Yorkers and

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VIEWPOINT: Post-Pandemic Money Moves: Financial Considerations For Business Owners & Leaders

The COVID-19 pandemic inflicted unforeseen hardship on countless businesses across New York state and beyond, causing many business owners to tap into personal savings or retirement accounts to endure the devastating economic fallout.  For many of these business owners, the impact of the pandemic forced tough decisions that have come at the cost of self-sacrifice to remain

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AmeriCU Credit Union offering certified financial counselors

ROME, N.Y. — AmeriCU Credit Union recently announced the certification of 12 credit union financial counselors.  To earn certification, an individual must complete required examinations as provided by the Credit Union National Association’s Financial Counseling Certification Program (FiCEP), AmeriCU said in an online news release.  These counselors are available to provide AmeriCU members with personalized

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M&T Bank profit jumps in Q1 compared to year-ago quarter

BUFFALO, N.Y. — M&T Bank Corp. (NYSE: MTB), the largest bank ranked by deposits in Central New York, reported net income of $447 million in the first quarter, up 66 percent from nearly $269 million in the same quarter in 2020. The Buffalo–based banking company reported earnings per share of $3.33 in the first quarter,

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VIEWPOINT: 6 Facets of Human Needs that Drive Business Success

In good economic times and bad, some businesses find a path to success while others are forced to board up their windows and doors. What’s the difference between those that soar and those that flounder? Ultimately, business success comes down to how well the people who work for that business perform. And employee performance, good or bad,

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OPINION: New State Guidance Allowing for Graduation Ceremonies is Positive Sign

The gradual reopening of New York’s businesses and movement toward normalcy in daily activities has provided a lot of optimism and hope for our small-business owners, consumers, employees, and residents of New York. To that end, my colleagues in the minority conference and I are pleased to see graduating high-school students included in those reopening efforts. New

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OPINION: Competition is a Hallmark of the U.S.-China Relationship

We see a new tone in diplomatic affairs between the United States and China, a real change in how both sides view the relationship. Top officials now talk openly about competition — much more so than a few years ago. The fact is that the U.S. and China have long been rivals, competing for influence and

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CHALEA JONES

Dermody, Burke & Brown, CPAs, LLC recently hired CHALEA JONES as accounting specialist in the firm’s Custom Accounting Solutions (CAS) department. She specializes in delivering custom outsourced accounting support to a wide range of clients. Jones joins the firm with years of experience in the medical-billing industry. She is set to graduate in May with

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