JOHNSON CITY — Chemung Canal Trust Company on Jan. 18 completed the closure of its branch office inside the Oakdale Mall in Johnson City and transitioned customer accounts to its Vestal office.

Chemung Canal Trust said in a news release that no employees lost their jobs as a result of the office closing.

The bank first announced last October that it would close the Oakdale Mall branch in January when its lease expired. “The lease expiring was the definitive reason why we decided to close this branch,” Scott Heffner, VP of marketing at Chemung Canal Trust, said in an email response to a CNYBJ inquiry, asking if there was any other reason why the bank closed this office. The Johnson City branch had $20.4 million in deposits, as of June 30, 2018, according to FDIC statistics. 

The Vestal branch, located at 100 Rano Blvd., features extended hours, which run from 8:30 a.m. to 4:30 p.m. Monday through Friday, and on Saturday from 9 a.m. to Noon. The Vestal office had $15.9 million in deposits, as of last June 30, per the FDIC. 

Other Chemung Canal branches in the area include 127 Court St. in downtown Binghamton, as well as 1054 State Route 17C and 203 Main Street in Owego.

Chemung Canal Trust, which operates 34 branches, is a full-service community bank with full trust powers, and is a subsidiary of Chemung Financial Corp. (NASDAQ: CHMG), a $1.8 billion financial-services holding company headquartered in Elmira. Established in 1833, Chemung Canal Trust said it is the oldest locally owned and managed community bank in New York State. 

SPENCER — Tioga State Bank announced that its president and CEO Robert M. Fisher was nominated for the national position of vice chairman for the 2019-2020 Independent Community Bankers of America (ICBA) board of directors. 

ICBA’s board of directors will vote on the nominations during its 2019 national convention, ICBA LIVE, to be held March 18-22 in Nashville. 

Fisher has been involved in ICBA for more than 10 years. 

“It is an honor to continue my service to ICBA and community banking. As community bankers we are dedicated to serving our local communities, and the support of ICBA is vital to that mission,” Fisher said in a bank news release.

Tioga State Bank provides financial services to the Southern Tier of New York state and Northern Pennsylvania with 11 branches in Broome, Tioga, Chemung, and Tompkins counties. 

The Independent Community Bankers of America organization represents and advocates on behalf of nearly 6,000 community banks of all sizes and charter types.       

NEW HARTFORD — A woman who served on the board of directors at First Source Federal Credit Union (FCU) between 2011 and 2016 has been appointed as the organization’s first CFO. 

Pamela Goodison-Bick has also been a member of the New Hartford–based credit union for more than 20 years, First Source said in a news release.

Goodison-Bick started in her new role on Jan. 2, Katie Ullman, marketing manager at First Source Credit Union said in an email response to a CNYBJ inquiry.

First Source previously had a VP of finance position, but the individual who held that position, Tricia Kocyba departed First Source last summer for a job at another credit union.

In her role as CFO, Goodison-Bick oversees all accounting and finance activities as well as risk management, First Source said. She is also responsible for budget preparation, financial analysis, vendor-contract negotiation, and maintenance of the internal-control environment. 

“After extensive search to fill this position, we are confident that we have found the perfect candidate,” Tom Neumann, president and CEO of First Source FCU, contended in a news release. “Pamela has the right knowledge and credentials for the job, but more importantly fits well within our culture. She understands and lives our mission, putting our members and community first.”

Before her appointment as the First Source CFO, Goodison-Bick most recently served as the director of accounting/controller for PAR Government Systems Corporation in Rome, a wholly owned subsidiary of New Hartford–based PAR Technology Corporation (NYSE: PAR). In that role, she was responsible for all accounting and finance activities, including financial statement consolidation and reporting, financial analysis, compliance, and oversight/coordination of audits. 

Goodison-Bick also previously held positions with North Point Defense, Inc. in Rome; Fairfax, Virginia–based Kforce Government Solutions; and New York City–based BNY Mellon (NYSE: BK), where she served in roles that involved administration and operations, consulting, and internal auditing. 

Goodison-Bick began her career with KPMG, working in both the audit and advisory practices, per the First Source news release.

Goodison-Bick earned a bachelor’s degree in accounting from Ithaca College and her MBA degree in economic crime and fraud management from Utica College. She is also a certified fraud examiner, First Source said.

In operation since 1938, First Source Federal Credit Union serves more than 48,000 members with branches in New Hartford, South Utica, North Utica, Herkimer, and Rome.

Credit-union membership growth in New York state accelerated in 2018, according to a new report.

Memberships at New York credit unions increased by 5.8 percent to 5.87 million in the year ending Sept. 30, 2018. That’s up from 3.3 percent membership growth in 2017, according to the “Third Quarter 2018 New York Credit Union Profile” report issued in early January by the New York Credit Union Association (NYCUA), in conjunction with CUNA (Credit Union National Association).

The report, which provides up-to-date analysis of key statistics and trends that impact credit-union performance, found that New York credit unions continued to post “solid loan and membership growth in the third quarter of 2018,” according to a release on the NYCUA website.

Other highlights from the report include the following statistics.

• Loan growth: New York credit union total loan growth increased by 3.3 percent in the third quarter of 2018, above the 2.4 percent growth recorded in the third quarter of 2017, and also higher than the 2.6 percent national growth rate.

• First mortgages: First mortgages at New York credit unions grew by 4 percent in the third quarter, surpassing the national average of 2.3 percent.

• HELOCs/second mortgages: New York credit unions saw HELOCs/second mortgages grow by 1.4 percent in the third quarter, topping the 1.1 percent recorded in the same period in 2017.

• Credit-card loan growth: Credit-card loans increased by 2.8 percent in the third quarter, higher than the 2.5 percent growth in the year-ago period. The 2.8 percent increase for New York credit unions also was better than the 2.5 percent national growth.

• New auto loans: New York credit unions’ total new auto loans increased by 4.2 percent, above the national growth rate of 3.6 percent.

• Used auto loans: Used auto loans made by New York credit unions also increased at a 3.7 percent clip in the year ending Sept. 30, 2018, outpacing the national increase of 2.3 percent.

• IRAs: New York credit unions reported that IRAs grew by 4.5 percent in the third quarter, easily surpassing the national growth rate of 0.5 percent.

NYCUA is the Albany–based trade association for New York credit unions.