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BPAS announces division leadership change
Benefit Plans Administration Services, Inc. (BPAS) recently announced a change in leadership as longtime president of its actuarial and pension services (APS) division Vincent Spina steps down from the role. Jason Disco will take on the position and continue to lead the APS division through what has been a period of growth. “I’ve stepped down […]
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Benefit Plans Administration Services, Inc. (BPAS) recently announced a change in leadership as longtime president of its actuarial and pension services (APS) division Vincent Spina steps down from the role.
Jason Disco will take on the position and continue to lead the APS division through what has been a period of growth.
“I’ve stepped down from management responsibility and financial reporting responsibility,” Spina tells CNYBJ. He joined BPAS in 2003 when the company acquired PricewaterhouseCoopers LLP, where Spina served as a partner and market leader for the PwC Global Human Resource Solutions Syracuse office. He served as president of BPAS Actuarial and Pension Services from 2003 until this year.
Spina remains a practicing actuary and will continue to work at BPAS in that capacity. “Jason is the perfect person to take the reins to get us to the next level,” he says.
Disco began his career at BPAS in 2015 and has served as director of defined benefit sales, VP of actuarial and pension sales, senior VP of pension sales and consulting, and most recently as both practice leader of BPAS Creative Plan Design Services and senior VP of pension sales and consulting.
Disco has helped APS integrate several acquisitions during his tenure and is looking to continue that growth as the division’s new president.
The APS division — as well as BPAS as a whole — generated record revenue in 2024, and the goal now is to continue that growth. Disco sees the growth coming both organically and through strategic acquisitions.
His goals include maintaining fiscal responsibility by controlling costs, fostering employee engagement, and implementing technology responsibly.
“We’ve really put an emphasis on making this fun,” Disco says of APS’s efforts to boost employee engagement. The goal is to create a culture where everyone feels responsible and invests in the company’s fiscal health and the role they play in it.
Some initiatives to foster a strong corporate culture include a new employee recognition portal that managers can use to recognize key contributions and efforts from team members. Those employees receive a public “shout out” as well as points that can be redeemed for gifts.
Technology is a big topic this year, especially artificial intelligence (AI), Disco says. “AI is a great thing,” he notes. Thoughtful implementation of AI will help with many tasks, which will free employees up to tackle other things. But technology doesn’t come without risks, and the company will have to remain on top of cybersecurity concerns, he adds.
When it comes to growth, BPAS is one of the top 15 providers, but only makes up about 1 percent of the market, Spina says. The firm remains committed to staying and growing in upstate New York. The APS division has 130 employees, including 34 credentialed actuaries.
BPAS is a provider of employee-benefits administration, trust services, collective investment-fund administration, and actuarial consulting services to customers on a national scale. It is a subsidiary of Community Financial System, Inc. (NYSE: CBU), a DeWitt–based banking and financial services company whose Community Bank, N.A. unit is among the nation’s 100 largest banks.
Former Pathfinder Bank financial advisor launches his own firm in Fulton
FULTON, N.Y. — After nearly 15 years of serving clients at Pathfinder Bank in its Investment Services Department, financial advisor Craig Fitzpatrick has started his own firm. Fitzpatrick Financial, a full-service investment firm, has opened for business at 201 S. Second St. (NY-481) in Fulton. “Starting Fitzpatrick Financial has been a dream of mine for
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FULTON, N.Y. — After nearly 15 years of serving clients at Pathfinder Bank in its Investment Services Department, financial advisor Craig Fitzpatrick has started his own firm.
Fitzpatrick Financial, a full-service investment firm, has opened for business at 201 S. Second St. (NY-481) in Fulton.
“Starting Fitzpatrick Financial has been a dream of mine for many years,” Craig Fitzpatrick said in an announcement. “I’ve always aimed to be the advisor who truly understands and cares about each client, and this new chapter will allow me to better serve that mission. By forming my own firm, I’m more committed than ever to offering honest, personalized, and dedicated service to everyone I work with.”
As part of this transition, Fitzpatrick will be joined by his trusted assistant of many years, Ginger Lyons, who will serve as the new firm’s office operations manager.
Fitzpatrick Financial promises to offer even more personalized services, with a stronger focus on addressing each client’s unique needs and long-term financial goals.
“We are deeply rooted in this community,” said Fitzpatrick. “This is where we grew up, where our families live, and where we stay actively involved. We’re proud to call this place home, and we’re excited to continue supporting the people in our community, by helping them achieve their financial goals.”
Lyons added, “Our close relationships with clients will remain unchanged. We’re committed to making sure clients feel valued and supported every step of the way. This new venture will allow us to provide even more individualized attention, and I’m thrilled to be part of it.”
Community Financial System to pay Q2 dividend of 46 cents
DeWITT, N.Y. — Community Financial System, Inc. (NYSE: CBU) announced that it has declared a quarterly cash dividend of 46 cents per share on its common stock for the second quarter of this year. It will pay the dividend on July 10, to shareholders of record as of June 13. The payment yields about 3.5
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DeWITT, N.Y. — Community Financial System, Inc. (NYSE: CBU) announced that it has declared a quarterly cash dividend of 46 cents per share on its common stock for the second quarter of this year.
It will pay the dividend on July 10, to shareholders of record as of June 13. The payment yields about 3.5 percent on an annual basis, based on Community’s current stock price.
DeWitt–based Community Financial System is a diversified financial-services company that is focused on four main business lines — banking services, employee-benefit services, insurance services, and wealth-management services. Its banking subsidiary — Community Bank, N.A. — is among the nation’s 100 largest banks with more than $16 billion in assets and operates about 200 branches across upstate New York, northeastern Pennsylvania, Vermont, and western Massachusetts.
The Summit starts two-year, $30,000 support of Sleep in Heavenly Peace
ROCHESTER, N.Y. — The Summit Federal Credit Union (The Summit) on March 20 announced a two-year, $30,000 commitment to Sleep in Heavenly Peace (SHP) chapters in Syracuse, Buffalo, and Rochester. The Summit will disperse $10,000 to each of the three SHP chapters over the next two years ($5,000 in 2025, $5,000 in 2026) to help
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ROCHESTER, N.Y. — The Summit Federal Credit Union (The Summit) on March 20 announced a two-year, $30,000 commitment to Sleep in Heavenly Peace (SHP) chapters in Syracuse, Buffalo, and Rochester.
The Summit will disperse $10,000 to each of the three SHP chapters over the next two years ($5,000 in 2025, $5,000 in 2026) to help in supporting their mission of “ensuring that no kid sleeps on the floor” in the towns and cities the credit union serves.
The financial donation across all three organizations will total $30,000.
SHP delivers a complete bed to a child: frame, mattress, and all bedding tailored as much as possible to the tastes of the child. In addition to its financial support and bed builds in all three regions that The Summit serves, the credit union will host annual pillow and bedding drives in all its branches to which members will be able to contribute.
“The Summit is committed to making a difference in the communities that we serve,” Laurie Baker, The Summit’s president and CEO, said in the announcement. “A comfortable and safe place to rest is a basic need which many children in our regions simply don’t have. Lack of a restful night’s sleep affects overall health, happiness, and the ability to learn and thrive. By partnering with Sleep in Heavenly Peace, we will be able to make an immediate impact on the lives of children and their families.”
What started as a local mission to help neighbors became an “international movement,” as described in the announcement.
“All children deserve a safe, comfortable place to lay their heads. Across the U.S., too many boys and girls go without a bed — or even a pillow — to sleep on. These children end up sleeping on couches, blankets, floors, and even piles of dirty clothes,” per the Summit announcement.
Today, SHP has grown to 350 chapters, with thousands of volunteers who have built, assembled, and delivered more than 260,000 beds to children in need.
CFCU Community Credit Union rebrands to Beginnings Credit Union
LANSING, N.Y. — CFCU Community Credit Union, which is based in the Ithaca area, on April 21 announced it is rebranding to Beginnings Credit Union this summer. “Since 1953, we’ve served our members by connecting them with financial opportunities that unlock greater possibilities and bring our communities closer together,” Lisa Whitaker, president and CEO of
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LANSING, N.Y. — CFCU Community Credit Union, which is based in the Ithaca area, on April 21 announced it is rebranding to Beginnings Credit Union this summer.
“Since 1953, we’ve served our members by connecting them with financial opportunities that unlock greater possibilities and bring our communities closer together,” Lisa Whitaker, president and CEO of CFCU, said in the announcement. “We understand that every day is a new beginning, and our new name reflects the power in what’s possible. As the world evolves, and members need change, we need to improve our ability to tell our story. This rebrand will help us do just that.”
The Beginnings Credit Union brand will formally launch in July 2025.
While CFCU will undergo a “distinct change” in its name, logo, and brand appearance, its members can expect their personal account information and the organization’s daily services to remain the same, the credit union noted.
In a provided media kit, Blixy Taetzsch, who chairs the CFCU Community Credit Union board of directors, was asked why CFCU is rebranding and provided the following response.
“Rebranding was a strategic decision, made in partnership between the Board of
Directors and leadership team,” Taetzsch said. “We recognized the need for a name and identity that truly reflect who we are today and where we are headed. Our new name, Beginnings, captures the spirit, values and progress that define us. This change positions us for future growth ensuring our outward image reflects the inclusive, forward thinking credit union we’ve always been.”
Founded in 1953, CFCU Community Credit Union, based in the village of Lansing, serves nearly 77,000 members. With $1.4 billion in assets and 17 locations across its seven-county service area, CFCU describes itself as one of the largest credit unions in New York state.
When launched, the organization was originally known as Cornell Federal Credit Union, serving employees of Cornell University, per the CFCU website. In 1997, it adopted a state charter and became Cornell FingerLakes Credit Union. Then in 2003, it converted to a community charter for Tompkins and Cortland counties and officially became CFCU Community Credit Union, the website says.
Berkshire Bank Foundation supports area nonprofits
Berkshire Bank Foundation, the philanthropic arm of Boston–based Berkshire Bank, says it contributed more than $400,000 in communities in five states through grants and other giving in the first quarter of the year. Several Central New York not-for-profit organizations — including the McMahon-Ryan Child Advocacy Center, SUNY Polytechnic Institute Foundation, and Waterville Food Pantry —
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Berkshire Bank Foundation, the philanthropic arm of Boston–based Berkshire Bank, says it contributed more than $400,000 in communities in five states through grants and other giving in the first quarter of the year.
Several Central New York not-for-profit organizations — including the McMahon-Ryan Child Advocacy Center, SUNY Polytechnic Institute Foundation, and Waterville Food Pantry — were among the 118 organizations in Massachusetts, New York, Connecticut, Rhode Island and Vermont that the foundation offered funding from January to March
“Today more than ever, local nonprofits need our support to provide much needed assistance to those in need in our local communities,” Berkshire Bank Foundation Managing Director Lori Kiely said in a recent announcement. “Working together, we’re seeing the positive results of these nonprofits’ work in the lives of our neighbors and local economies.”
Berkshire Bank Foundation says it contributes to programs that aim to provide everyone with an equal opportunity at economic prosperity.
Berkshire Bank operates 83 total branches, with eight of them located in Central New York. The local offices are in Utica, Rome (2), New Hartford (2), Whitesboro, West Winfield, and Ilion.
AmeriCU announces manager for Fulton financial center
FULTON, N.Y. — AmeriCU Credit Union has appointed Shaela Long as the manager of its newest financial center located at 722 West Broadway in Fulton. Long joined AmeriCU in June 2024 as an assistant manager. She brings nearly a decade of experience in banking to the leadership role, having started as a teller and advancing
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FULTON, N.Y. — AmeriCU Credit Union has appointed Shaela Long as the manager of its newest financial center located at 722 West Broadway in Fulton.
Long joined AmeriCU in June 2024 as an assistant manager. She brings nearly a decade of experience in banking to the leadership role, having started as a teller and advancing to leadership roles in the financial industry, AmeriCU said.
“I am honored to help open the Fulton location and build a strong, community-focused team,” Long said in the AmeriCU announcement. “I look forward to reconnecting with members and helping them achieve their financial goals.”
Besides her work duties, Long is also involved in the community, serving with the Greater Oswego Fulton Chamber of Commerce, David’s Refuge, and Safe Space Organization.
Based in Rome, AmeriCU Credit Union is a member-owned, nonprofit financial institution with total assets of $2.7 billion and 21 financial centers that serve more than 167,000 members in New York and beyond.
OPINION: Poll: Americans Say China Has Been Taking Advantage of U.S. on Trade
Since President Donald J. Trump announced his bold tariff strategy — aimed at leveling the playing field by placing reciprocal tariffs on nations that tax American-made goods and bolstering U.S. manufacturing — media pundits and so-called experts have been tripping over themselves to predict economic doom. But once again, the political class is out of
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Since President Donald J. Trump announced his bold tariff strategy — aimed at leveling the playing field by placing reciprocal tariffs on nations that tax American-made goods and bolstering U.S. manufacturing — media pundits and so-called experts have been tripping over themselves to predict economic doom.
But once again, the political class is out of touch with the American people, who understand what’s at stake and largely support Trump’s correction of an upside-down approach to global trade that has left the U.S. manufacturing sector hollowed out and carried dire economic, social, and political consequences.
In a robust new Harvard CAPS-Harris survey from April 9-10, more than half of Americans — 53 percent — say that tariffs are necessary medicine for the U.S. to get a fair shake in global trade.
Americans assert that China has taken advantage of the U.S. for far too long and believe President Trump’s tariffs are the right strategy for the long term.
The largest share of Americans — 48 percent — say that the Trump Administration’s tariffs are the right idea but require more patience to work. The poll found 31 percent of people saying Trump’s tariffs are the wrong idea entirely, while 21 percent say tariffs are the right idea but have been executed poorly. The message is clear: Americans are willing to shoulder short-term discomfort if it means long-term strength for our economy and a revival of U.S. manufacturing.
Harvard CAPS-Harris also found that Americans largely agree with President Trump’s assertion that for far too long trade deals have been structured to leave America at a global disadvantage while benefiting nations like China.
A full 59 of Americans say China is taking advantage of the United States on trade, with 72 percent of Republicans, 57 percent of independents, and even 46 percent of Democrats agreeing that China has been taking advantage of the U.S. on trade.
This low opinion of the America’s trade relationship with China echoes a March survey from the Pew Research Center, which found that Americans have the lowest view of trade with China between three major trading partners, and say by a margin of 46 percent to 10 percent that our trade relationship with China benefits China more than Americans.
Unsurprisingly, the Harvard CAPS-Harris poll found substantial support for placing reciprocal tariffs on other nations that place tariffs on American-made goods, with 57 percent of Americans supporting placing reciprocal tariffs on nations that impose tariffs on U.S. goods.
When asked directly if President Trump’s reciprocal tariffs should be maintained or removed, a majority of Americans — 52 percent — either say that reciprocal tariffs should be maintained for the foreseeable future or at least until other nations remove their tariffs on U.S.-made goods. Only 20 percent of Americans want reciprocal tariffs removed on our largest trading partners — including the European Union (EU) and China — without those regions reciprocating. The poll found 28 percent of respondents favor removing tariffs altogether.
Half of Americans also support placing tariffs on goods imported from China, Mexico, and Canada, to encourage U.S. manufacturing specifically.
There is relatively strong bipartisan support for President Trump’s assertion that tariffs are necessary to even the playing field in global trade. Republicans say by over a three-to-one margin that tariffs are necessary to give the U.S. a fair shake in global trade, with 78 percent of Republicams supporting tariffs while 22 percent oppose them.
Independents are split, with 50 percent saying tariffs are necessary to give America a fair shake in global trade and 50 percent opposing tariffs. Bucking the trend, Democrats say by a margin of 72 percent to 28 percent that tariffs are unnecessary.
Still, the fact that nearly 30 percent of Democrats believe tariffs are necessary to course-correct a trading scheme that has left the U.S. at a significant disadvantage is telling.
Democrat elected officials in Rust Belt states have to walk a fine line between opposing tariffs because Trump is the one implementing them, while simultaneously attempting to recoup losses among working-class voters who have been knocked sideways by global trade.
Even organized labor is speaking out. Unions, which historically represented working-class voters and aligned with the Democratic Party, have been straddling the line between support for Trump’s tariffs and sticking with the modern, anti-Trump wing of the Democratic Party.
In an interview with the Boston Herald, Teamsters President Sean O’Brien expressed his frustration with Democrats for having “lost the working class” and said if Trump’s tariffs bring back “good-paying, middle-class jobs,” it is worth all the pain.
United Auto Workers (UAW) president Shawn Fain also went on the record in late March praising Trump’s move to place tariffs on vehicles and auto parts imported into the U.S., calling them a “tool in the toolbox” to bolster U.S. manufacturing.
If Democrats are not careful, their reluctance to find a long-term solution to the manufacturing crisis and even the playing field on global trade could drive a permanent wedge between themselves and what remains of their support from the working class.
While Americans express concern for higher prices due to the implementation of tariffs on cheap foreign goods, a majority of voters are willing to endure higher prices in the short term in order to reap a more robust U.S. economy in the years to come.
Manzanita Miller is the senior political analyst at Americans for Limited Government Foundation, the research arm of Americans for Limited Government, a libertarian political advocacy group. The organization conducts policy research and publishes reports with the goal of reducing the size of the government.
Cayuga Center for Wound Healing receives national clinical excellence award
ITHACA — Centralus Health says its Cayuga Center for Wound Healing has received the “prestigious” Robert A. Warriner III, M.D., Clinical Excellence Award from Healogics, a major provider of advanced wound-care services. This distinction places the center in the top 10 percent of eligible Healogics Wound Care Centers nationwide, based on its outstanding clinical outcomes
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ITHACA — Centralus Health says its Cayuga Center for Wound Healing has received the “prestigious” Robert A. Warriner III, M.D., Clinical Excellence Award from Healogics, a major provider of advanced wound-care services.
This distinction places the center in the top 10 percent of eligible Healogics Wound Care Centers nationwide, based on its outstanding clinical outcomes and patient care, according to a Centralus Health announcement.
Specifically, the award recognizes the Cayuga Center for Wound Healing for its comprehensive healing rate, adjusted for wound mix, which reflects the team’s effectiveness in treating complex and chronic wounds such as diabetic foot ulcers, pressure ulcers, infections, and more. The Cayuga Center for Wound Healing is one of more than 600 Healogics-affiliated wound-care centers nationwide and has become a regional leader in specialized wound treatment and hyperbaric medicine, the announcement stated.
“This achievement is the result of the dedicated efforts of our team over the past three years, who have consistently focused on improving patient care and outcomes,” Dr. Andreia De Lima, chief medical officer at Cayuga Health, said. “Their expertise and commitment to excellence have been instrumental in making a positive impact on the lives of those we serve.”
Cayuga Health and Arnot Health, affiliated under the Centralus Health system, provide care to between 10,000 and 13,000 patients annually at their Healogics-affiliated wound healing centers. Both wound-care centers provide a range of advanced wound-care therapies, including negative-pressure wound therapy, total contact casting, bio-engineered tissues, biosynthetic dressings, and growth-factor therapies. In addition, the centers offer hyperbaric oxygen therapy, an advanced treatment that delivers 100 percent oxygen in a pressurized environment to promote wound healing.
Centralus Health says it provides access to high-quality wound care through these partnerships with Healogics, ensuring that patients in the Finger Lakes, Southern Tier, and Central New York communities receive the most advanced care possible.
Northrop Grumman wins nearly $34M order from U.S. Navy, with most work in Syracuse area
SYRACUSE — Northrop Grumman Systems Corp. has been awarded a $33.6 million cost-plus-fixed-fee order against a previously issued basic ordering agreement from the U.S. Navy. The vast majority of the work will be done in Central New York. The purpose of this contract modification is to provide continued support to E-2D Advanced Hawkeye transition efforts
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SYRACUSE — Northrop Grumman Systems Corp. has been awarded a $33.6 million cost-plus-fixed-fee order against a previously issued basic ordering agreement from the U.S. Navy. The vast majority of the work will be done in Central New York.
The purpose of this contract modification is to provide continued support to E-2D Advanced Hawkeye transition efforts from production to sustainment, according to a March 20 contract announcement from the U.S. Department of Defense.
Work will be performed in Liverpool (83.44 percent); Carson, California (1.96 percent); Edgewood, New York (4.46 percent); Aire-Sur-L’Adour, France (4.13 percent); Menlo Park, California (1.88 percent); and various other locations less than one percent each (4.13 percent total), and is expected to be complete by May 2029.
Fiscal 2023 aircraft procurement, Navy funds of $33,609,725 will be obligated at time of award — all of which will expire at the end of the fiscal year. The Naval Air Systems Command in Patuxent River, Maryland is the contracting authority.
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