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Hale Transportation acquires Watertown group of companies
CLINTON, N.Y. — Hale Transportation has expanded into the Watertown market with the acquisition of a group of North Country businesses. The company closed in May on the acquisition of Clarence Henry Coach, Freeman School Bus Corp., and Freeman Fleet Repairs, says Stephen Hale, president of Hale Transportation. Hale Transportation worked with Clarence Henry Coach […]
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CLINTON, N.Y. — Hale Transportation has expanded into the Watertown market with the acquisition of a group of North Country businesses.
The company closed in May on the acquisition of Clarence Henry Coach, Freeman School Bus Corp., and Freeman Fleet Repairs, says Stephen Hale, president of Hale Transportation.
Hale Transportation worked with Clarence Henry Coach for years, Hale says, sending work to Clarence Henry when Hale was oversold.
Last fall, Clarence Henry owner Leif Petterson approached Hale and the pair worked out a deal for Hale to purchase the business, which also includes the school bus and fleet-repair businesses.
Hale Transportation took over in January with an operating agreement so it wouldn’t lose any momentum while it waited for the purchase to become finalized, Hale says. Hale took over all of Clarence Henry’s contracts, and the deal included purchasing property and equipment. Hale did not disclose any terms.
The deal helped Hale Transportation grow from a fleet of 35 vehicles to 54 vehicles and grow from 65 drivers and 10 office and mechanical staff to 95 drivers and 14 office and mechanical staff.
“We have motorcoaches up there, school buses, and mini coaches,” Hale says. The Clarence Henry acquisition also added a 1954 Bentley to the fleet. With seating for two plus a driver, the Bentley is a new option for couples looking for unique wedding transportation, Hale notes, and he has been marketing the service at wedding shows.
The fleet business, now called Hale’s Garage, offers fleet-vehicle repairs, as well as mechanical services for consumer vehicles. Along with repairing motorcoaches, the garage also works on smaller fleet vehicles like delivery and rental moving trucks.
Business is good, Hale says, so good, in fact, that he’s hoping to break ground this fall on a 5,000-square-foot expansion at the garage. The expansion will add heavy-duty repair bay to the 25,000-square-foot facility, allowing it to better service large vehicles.
The acquisition comes on the heels of one of Hale Transportation’s best years ever, in spite of ongoing concerns with higher fuel and wage costs, Hale says.
Travel boomed in 2022, especially with older travelers. “They just wanted to get on a bus and go somewhere and do something,” Hale says. The firm even chartered its first-ever trip to Myrtle Beach, S.C.
“College sports have been crazy,” Hale adds, as have the area’s regional sports teams. Hale provides transportation services for a number of teams including the Utica Comets, Syracuse Crunch, and Rochester Americans hockey teams. Earlier in May, Hale had 22 motorcoaches at the PGA Championship near Rochester, and the Utica University Nexus Center has generated steady demand for team transportation.
Senior class trips for area high schools are booming as well, Hale says. This comes after two pandemic years where travel ground to a halt before slowly resuming in 2021.
Hale Transportation will be on the road in Cooperstown later this summer for the National Baseball Hall of Fame induction ceremony, when it will run 40 buses around the village over the course of four days, Hale says.
With all of that work lined up, Hale doesn’t do much advertising, he notes. Most new business comes from word of mouth about the level of service Hale provides, he says. “Our drivers have been able to provide the good customer service people want.”
“We could keep growing and growing if we wanted to, but we have to put the brakes on to make sure the service is there,” Hale says.
Founded in 2006 as Hale’s Bus Garage, LLC, Hale Transportation is headquartered at 37 Kirkland Avenue in Clinton. Along with the new location at 1067 Marble St. in Watertown, Hale also has an office at 139 Commerce Road in Oneonta.

DEC opens new accessible boat launch in Verona
VERONA, N.Y. — The New York State Department of Environmental Conservation (DEC) recently cut the ribbon on a new accessible boat launch on the Barge Canal on Cove Road in the town of Verona. The new launch enhances fishing and boating opportunities for all visitors, including those with disabilities, and connects to Oneida Lake to
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VERONA, N.Y. — The New York State Department of Environmental Conservation (DEC) recently cut the ribbon on a new accessible boat launch on the Barge Canal on Cove Road in the town of Verona.
The new launch enhances fishing and boating opportunities for all visitors, including those with disabilities, and connects to Oneida Lake to provide additional access to fishing.
The DEC is working to expand recreational opportunities for people of all abilities. The Cove Road site was designed and constructed with several Americans with Disabilities Act-compliant features. The site now includes a two-lane concrete launch ramp with floating docks, a canoe/kayak launch, fishing pier, parking for 24 cars and 49 vehicles with trailers including accessible parking, and portable bathroom facilities.
“DEC is working hard to expand safe and accessible outdoor recreation opportunities through strategic investments across the state,” DEC Commissioner Basil Seggos said in a press release. “The new Barge Canal Cove Road boat launch provides a much-anticipated opportunity for angles, boaters, and outdoor enthusiasts to enjoy boating and fishing on Oneida Lake and its tributaries.”
The launch expands access to Oneida Lake, which is the state’s most heavily fished inland body of water. It’s the largest lake lying wholly within the state with a surface area of 50,894 acres and supports numerous fish species.
The DEC is funding the project with $1.6 million from the Environmental Protection Fund and NY Works. Under the state’s Adventure NY initiative, the DEC is making strategic investments to expand access to healthy, active outdoor recreation and connect more New Yorkers and visitors to nature.
“This is a momentous occasion as the completion of this launch is a tremendous achievement and a valuable addition to the recreational opportunities on Oneida Lake,” Oneida Lake Association President Gina M. Duggleby said. “We are grateful for the fruitful collaboration, which has resulted in a facility that will benefit our residents, visitors, and the lake’s ecosystem for years to come.”
The project follows the recent illumination of the nearby Verona Beach Lighthouse through the Reimagine the Canals iconic lighting program.
“The Cove Road Boat Launch has been a long time coming, and we are excited to see a safe water boat launch site at the east end of Oneida Lake,” Federal Sportsman Club of Oneida County Secretary Scott Faulkner said.

New York home sales fell nearly 30 percent in April
ALBANY, N.Y. — New York realtors sold 6,944 previously owned homes in April, a 29.6 percent decline from the 9,857 homes they sold in April 2022. Pending sales also fell more than 13 percent in the latest month, pointing to further declines in closed home sales in the next couple of months. That’s according to
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ALBANY, N.Y. — New York realtors sold 6,944 previously owned homes in April, a 29.6 percent decline from the 9,857 homes they sold in April 2022.
Pending sales also fell more than 13 percent in the latest month, pointing to further declines in closed home sales in the next couple of months.
That’s according to the April monthly housing report that the New York Association of Realtors (NYSAR) issued on May 18.
“With interest rates continuing to be in flux and inventory of homes reaching record lows, closed sales across New York continue to fall,” NYSAR said to open its report.
Interest rates started April at 6.28 percent on a 30-year fixed-rate mortgage but ended the month at 6.43 percent. NYSAR cites Freddie Mac as indicating the monthly average on a 30-year fixed-rate mortgage settled in at 6.34 percent — slightly down from the 6.54 percent average last month. Freddie Mac is the more common way of referring to the Virginia–based Federal Home Loan Mortgage Corporation.
New listings in New York tumbled 23.4 percent to 13,040 in April from 17,021 a year ago. Pending sales totaled 10,599 in April, down 13.2 percent from 12,209 pending sales in the same month in 2022, according to the NYSAR data.
Home prices continued to fall in the latest month. The April 2023 statewide median sales price was $389,000, down 2.75 percent from the April 2022 median sales price of $400,000.
The months’ supply of homes for sale at the end of April stood at 3 months’ supply, up from 2.9 months at the end of April 2022. A 6-month to 6.5-month supply is considered to be a balanced market, per NYSAR.
The supply of homes available for purchase continues to show no signs of increasing. The inventory of homes for sale totaled 31,177 in April, down more than 14 percent from 36,369 in April 2022 and off over 26 percent from 42,270 homes in April 2021. It represents the lowest monthly number of homes available in New York state since Showing Time started recording housing statistics in January 2007, NYSAR noted.
All home-sales data is compiled from multiple-listing services in New York, and it includes townhomes and condominiums in addition to existing single-family homes, according to NYSAR.
CNY regional job growth mixed in April compared to a year ago
Four Central New York sub-regions added jobs in the last year while two shed positions. The Syracuse, Utica–Rome, Watertown–Fort Drum, and Binghamton regions gained jobs between April 2022 and this past April. At the same time, the Ithaca and Elmira metro areas lost jobs in the same period. That’s according to the latest monthly employment
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Four Central New York sub-regions added jobs in the last year while two shed positions.
The Syracuse, Utica–Rome, Watertown–Fort Drum, and Binghamton regions gained jobs between April 2022 and this past April. At the same time, the Ithaca and Elmira metro areas lost jobs in the same period.
That’s according to the latest monthly employment report that the New York State Department of Labor issued on May 18.
April jobs data
The Syracuse region gained 8,600 jobs in the past year, an increase of 2.8 percent.
The Utica–Rome metro area added 1,600 jobs, up 1.3 percent; the Watertown–Fort Drum region picked up 200 positions, a rise of 0.5 percent; the Binghamton area gained 800 jobs, up 0.8 percent; the Ithaca region lost 600 jobs, a decrease of 0.9 percent; and the Elmira region shed 100 jobs, a drop of 0.3 percent, in the last 12 months.
New York state as a whole added 213,600 jobs, a rise of 2.3 percent, between April 2022 and April 2023. However, the state economy lost 25,000 jobs, a 0.3 percent drop, between March and April of this year, the labor department said.
The number of unemployed New Yorkers decreased over the month by 6,600, from 391,600 in March to 385,000 in April.

Broome County upgrades softball complex
DICKINSON, N.Y. — From a new name to new turf, Broome County’s softball complex on Front Street is getting a $4 million overhaul, expected to wrap up this summer. Crews are performing several upgrades to the four-field facility, according to Brenda Growe, the county’s director of parks, recreation, and youth services. “We are converting it
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DICKINSON, N.Y. — From a new name to new turf, Broome County’s softball complex on Front Street is getting a $4 million overhaul, expected to wrap up this summer.
Crews are performing several upgrades to the four-field facility, according to Brenda Growe, the county’s director of parks, recreation, and youth services. “We are converting it to turf,” she says, along with adding lights.
Those two changes alone are huge in terms of when and how long the fields can be used, she notes. The Doubleplay Series by FieldTurf surface not only extends the playing season from March through November, adding almost a month at each end, but also allows players to play longer each day, Growe says. The turf also provides a much quicker return-to-play time after inclement weather.
All of that means that once the project is complete, the complex will boast four tournament-worthy fields, she says, and Broome County will be actively bidding to host future tournaments.
The complex already hosts the Section IV championships, and the county plans to bid on the state championships, currently held on Long Island.
“The intent is that this is going to be an economic generator as well,” Growe says. As a softball mom, Growe travels along with her daughter for tournaments and sees the thriving communities that surround the sports facilities.
Until December 2022, the county-owned facility was leased out to another operator, whom Growe declined to name. After realizing the opportunities a sports facility can offer, the county took over operations this year and funded the renovation project.
Work will also include sprucing up the existing concession building a bit and renovating the dugouts, she says. Currently, visitors to the complex must bring their own seating. Growe hopes to eventually add bleachers.
Clark Companies, an athletic-field builder in Delhi, is the general contractor and Chenango Contracting, Inc. of Johnson City is installing the turf. Work began in March and should wrap up in mid-July to late-July, Growe says.
“We’re definitely planning to have some tournaments there in the fall,” she adds.
The fields, when fully booked, could draw as many as 2,500 people a weekend, according to Growe. Over the course of a season, that really adds up, she says, and all those people will need places to eat, will stop to buy gas, and will visit restaurants and grocery stores to eat.
Working with the Greater Binghamton Chamber of Commerce, Growe says they estimated the economic impact to businesses and hotels would be about $2 million annually.
On top of those visitors, the complex is highly visible along Front Street, with hundreds of vehicles driving past daily. Broome County is hoping to capitalize on that visibility by marketing the naming rights for the complex. The county is accepting bids through May 31 for those rights, and Growe says she is also working with other entities on various sponsorship opportunities including signage and windscreens.
Along with being included on signage that will be visible in the complex and from surrounding roadways, the naming sponsor will also be included on all media and materials that promote the fields and events taking place there.

SUNY Poly receives funding to participate in transportation study
MARCY, N.Y. — The U.S. Department of Transportation has awarded SUNY Polytechnic Institute funding that is part of a broader $5 million research effort, spearheaded by City University of New York (CUNY), to assess public transportation and infrastructure needs. SUNY Poly’s Albany and Marcy campuses, as part of the new Center for Social and Economic
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MARCY, N.Y. — The U.S. Department of Transportation has awarded SUNY Polytechnic Institute funding that is part of a broader $5 million research effort, spearheaded by City University of New York (CUNY), to assess public transportation and infrastructure needs.
SUNY Poly’s Albany and Marcy campuses, as part of the new Center for Social and Economic Mobility for People and Communities through Transportation (SEMPACT), will use probes and sensors to make assessments. The work will culminate in a final evaluation of strengths, weaknesses, and opportunities through studying private-sector traffic data in targeted transportation corridors.
“Our faculty, researchers, and students will be able to take the knowledge they gain from this research initiative and connect with our local communities to drive impactful results, including a more equitable and sustainable public-transportation system in New York state and beyond,” SUNY Poly Officer-in-Charge Dr. Andrew Russell said in a press release.
The five-year grant enables SUNY Poly students to gain first-hand experience designing research objectives and collecting and analyzing data that can enhance the quality, sustainability, efficiency, and effectiveness of public transportation. The release didn’t specify how much money SUNY Poly was allocated from the overall $5 million research effort.
SEMPACT is looking to leverage recent vehicle and infrastructure-technology advances with its research to create a more equitable and sustainable transportation system for the region including New York, New Jersey, Puerto Rico, and the Virgin Islands.

Firms miss out on incentives for offering retirement plans
Many employers — particularly small-business owners — may not be taking advantage of some new incentives connected with setting their employees up for retirement success, according to one area wealth-management expert. Two laws covering retirement planning bookended the COVID-19 pandemic, with the SECURE Act passing in late 2019 and the SECURE Act 2.0 becoming law
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Many employers — particularly small-business owners — may not be taking advantage of some new incentives connected with setting their employees up for retirement success, according to one area wealth-management expert.
Two laws covering retirement planning bookended the COVID-19 pandemic, with the SECURE Act passing in late 2019 and the SECURE Act 2.0 becoming law on Dec. 29, 2022, says Gregory Tedone, senior advisor and head of retirement plans for Utica–based Strategic Financial Services.
“A lot happened during or right after the pandemic,” he says, and businesses may have missed hearing the news as a result. That is especially true for the tax credits available to small businesses through SECURE 2.0.
The goal of both laws, and especially SECURE 2.0, is to promote retirement savings and encourage employers to offer retirement-planning options to employees.
Anywhere from two-thirds to three-quarters of small businesses don’t offer a retirement plan to their employees, Tedone says. That’s because it’s expensive to set up and administer those plans.
SECURE 2.0 tries to remedy that by offering tax credits to businesses to start a plan, automatically enroll employees into that plan, and make employer contributions.
Employers may claim up to 100 percent of qualified startup costs for adopting and maintaining a new 401(k) plan, Tedone notes. The maximum credit is $5,000 a year, and the credit is available for the first three years of the plan.
Those tax credits, for many small businesses, will cover the cost of establishing and administering the plan during those early years. Then, the next credit can kick in once the plan is well-established and the employer is ready to make contributions, Tedone notes.
Employers who contribute to their 401(k) plan may claim $1,000 per eligible employee per year. Eligible employees are those who make less than $100,000 per year. Workers may claim the tax credit for five years.
For adding an automatic enrollment feature to a new or existing plan, employers are eligible for a $500 tax credit. Previously, an employee had to opt into the retirement plan, Tedone says. Now, with auto-enrollment, participation is around 90 percent, on average. “It’s really helping people get saving,” he says.
Finally, a big benefit that came with SECURE is the ability for employers across all industries and sizes to join pooled employer plans together, Tedone shares. Rather than having to go out on their own and establish a plan, unrelated employers can join a bigger plan together, making the plan more efficient and affordable. While not as customizable as an individual plan, pooled employer plans can be a great entry point for a business looking to establish a retirement plan, he says.
While all of those benefits and tax credits are there to entice employers to establish plans, the ultimate goal, Tedone says, is to assist people with planning ahead for retirement.
Social Security generally only replaces a small portion of someone’s working income, he says, and most people need some other form of retirement income to fill the gap and maintain their standard of living.
Employers may not realize that helping employees plan for retirement also benefits them, he adds. Most employees plan to retire around age 67, when they can collect the full amount of Social Security, but those who haven’t saved for retirement tend to keep working longer.
In turn, employees who have been there for a long time or are older can cost employees more in salary, health-care costs, and other expenses, Tedone explains. A good retirement plan allows for natural turnover in the workplace.
“A 401(k) plan, when performed correctly, it really helps recruit, reward, retain, and we’re even saying retire employees,” Tedone says.

BPAS reaches $125M in revenue as it commemorates 50th year
UTICA, N.Y. — As it celebrates a half century of doing business, Benefit Plans Administrative Services (BPAS) has grown into a $125 million revenue company, with much of that growth occurring in the last two decades. The national provider of retirement plans, benefit plans, fund administration, and institutional trust services marked its 50th anniversary in
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UTICA, N.Y. — As it celebrates a half century of doing business, Benefit Plans Administrative Services (BPAS) has grown into a $125 million revenue company, with much of that growth occurring in the last two decades.
The national provider of retirement plans, benefit plans, fund administration, and institutional trust services marked its 50th anniversary in May and says it is celebrating with clients and the community throughout the year.
In the months ahead, BPAS will release a series of videos on the company’s website and social-media channels featuring interviews with some of the company’s key employees from the past and present talking about the company’s history and future.
Jerry Mayer, now 84, started BPAS from his Utica home back when retirement plans were administered on paper and his teenage daughter was one of his first employees. Mayer grew the business through the 1980s, when he and his brother had to write their own software to handle the growing requirements of the business, the company says.
“I am an optimist,” Mayer said in a BPAS press release. “We built our firm with integrity and with good people. The people we hired really mattered to us, and the clients we worked with did, too.”
DeWitt–based Community Bank System, Inc. (NYSE: CBU) acquired BPAS in 1996. Barry Kublin spearheaded the transaction and then led the company’s growth during his tenure as CEO until he retired in 2021. Paul Neveu replaced him as BPAS CEO that year.
“We never defined ourselves as qualified benefit-plan administrators,” Kublin said. “Rather, we defined ourselves by our people, technology capabilities, and market opportunities.
BPAS has been on quite the growth trajectory since joining Community Bank System.
Mark Tryniski, Community Bank System CEO and president, noted, “When I started with the bank in 2003, the revenues of BPAS were somewhere in the $13 million range, and today it’s a $125 million dollar business. So it’s been a tremendous story of growth and success. But it’s also a story that starts and ends with the fact that we care for our clients, and we care for each other. It’s our culture that has made this company thrive.”
Today, BPAS supports more than 4,500 retirement plans with $110 billion in trust assets and $1.3 trillion in fund administration.
Along with its Utica office in a business park, BPAS has offices in Buffalo, Manhattan, Rochester, and Syracuse, New York; as well as Boston, Massachusetts; Houston, Texas; Minneapolis, Minnesota; Parsippany, New Jersey; Philadelphia, Pennsylvania; Sioux Falls, South Dakota; Spokane, Washington; and San Juan, Puerto Rico.
BPAS employs 410 people and serves more than 620,000 participants across the U.S. with services including workplace retirement plans, actuarial and pension, health-benefit consulting, IRA, VEBA HRA, health and welfare plans, fiduciary, collective-investment funds, fund administration, and institutional trust.

Summit FCU receives NCUA’s ‘well capitalized’ rating
The National Credit Union Administration (NCUA) has the Summit Federal Credit Union (FCU) rated as “well capitalized,” representing NCUA’s highest rating category for credit union net worth. Kofi Appiah Okyere, treasurer of the Summit FCU board of directors, shared the information during the organization’s May 10 annual meeting. He was discussing the credit union’s financial
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The National Credit Union Administration (NCUA) has the Summit Federal Credit Union (FCU) rated as “well capitalized,” representing NCUA’s highest rating category for credit union net worth.
Kofi Appiah Okyere, treasurer of the Summit FCU board of directors, shared the information during the organization’s May 10 annual meeting. He was discussing the credit union’s financial status, including its reported net income of $11.1 million for 2022.
Besides his role with the Summit, Appiah Okyere is also a professor in the accounting department of the Martin J. Whitman School of Management at Syracuse University.
The Summit had one of its “most fiscally successful” years, adding 11,773 new members and reporting total assets of nearly $1.3 billion, per a May 17 news release about the annual meeting.
The Rochester–based credit union operates branches in Central New York.
In her message, CEO Laurie Baker said helping credit-union members navigate through their financial life stages and improve their financial well-being has always been “our primary missions.”
She spoke to a hybrid audience of board members, employees, and members as the annual meeting was held both virtually and in person.
“We have never been more mindful of this than throughout this past year as we faced the lasting impacts of the pandemic and the current economic climate,” Baker said. “While watching the cost of living rise and hearing about the obstacles our members were experiencing, we asked ourselves ‘How can we best help our members achieve their financial goals while facing these ongoing challenges?’ We launched three landmark products in 2022: Our RoundUp savings account, Visa secured credit card, and CU Student Choice student-loan options.”
Each of the products “filled an important need” for the Summit’s members, Baker contended.

Visions FCU assets grow more than $2B under decade-long leadership of CEO Muse
ENDWELL, N.Y. — The assets of Endwell–based Visions Federal Credit Union have grown by more than $2.3 billion in the 10 years in which Ty Muse has served as its president and CEO. Visions now employs more than 900 employees, who serve more than 250,000 members through its bilingual contact center, digital banking, hundreds of
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ENDWELL, N.Y. — The assets of Endwell–based Visions Federal Credit Union have grown by more than $2.3 billion in the 10 years in which Ty Muse has served as its president and CEO.
Visions now employs more than 900 employees, who serve more than 250,000 members through its bilingual contact center, digital banking, hundreds of ATMs, and more than 50 branches throughout its three-state footprint in New York, New Jersey, and Pennsylvania.
Muse marked a decade in leadership in May. The Visions board of directors, employees, and Muse used the milestone to recognize the credit union’s “growth and impact” over the last 10 years and to “establish their vision for the next ten,” per a June 5 announcement.
First 10 years
When he first became president and CEO in May 2013, Visions was on the brink of major expansions and innovation after merging with credit unions in New Jersey and Pennsylvania. To handle the increasing membership, Muse’s focus turned to business “performance, technology, and scalability,” Visions said.
“We don’t sit around and wait. We invest time and resources in the ways we’d like to see the business go and grow,” Muse said in the release.
Another “significant” change during Muse’s tenure has been the reshaping of Visions’ mission.
Since Muse coined “Make Visons Matter” as the credit union’s mission, the organization has given more than $10 million in donations and grants to community organizations; integrated financial literacy and internship opportunities into more than 10 public school districts with the Visions Business Academy; and improved employee benefits and workplace culture within the organization, the credit union stipulated.
Muse plans to remain in his role for another 10 years to guide and oversee Visions’ “continued growth.”
“I can see Visions serving half a million to a million people that can’t wait to tell their family and friends about this great credit union they belong to,” Muse said. “And we’re here for them, supporting their financial well-being and doing what we can to help them live their best lives.”
Besides his work with Visions, Muse currently serves on the board of directors of CUNA (Credit Union National Association) Mutual Group; Excellus Lifetime Care; Filene Research Institute; Greater Binghamton Chamber of Commerce; Binghamton University Foundation; and the Community Foundation for South Central New York.
He is a recipient of the Greater Binghamton Chamber of Commerce 2019 Civic Leader of the Year Award and the Broome County 2018 Distinguished Citizen Award from the Boy Scouts of America, Visions said.
In 2022, he was inducted into the CUES (Credit Union Executives Society) Hall of Fame and received the Pete Crear Lifetime Achievement Award from the African American Credit Union Coalition.
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