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CU System
New York state-chartered CU roundtable held
LATHAM, N.Y. (5/22/08)--A state-chartered credit union roundtable kicked off the New York State Credit Union’s League’s 2008 annual meeting and Governmental Affairs Conference this week in Albany, N.Y.
Mark Treichel, NCUA Region 1 director, listens to credit unions discuss third-party due diligence during the New York State Credit Union’s League’s state-chartered roundtable discussion.
The event was created to address regulatory and legislative issues that face New York’s state-chartered credit unions. Henry Meier, league associate counsel and director of compliance, moderated the roundtable discussion. National Credit Union Administration (NCUA) Region I Director Mark Treichel attended, and Legislative Counsel Tom Barletta participated on behalf of the New York State Banking Department. Treichel pointed out that credit unions have done a good job avoiding most of the mortgage-related problems that have impacted other segments of the financial services industry. League participants questioned Treichel about the regulatory impact of
From left: Thomas G. Siciliano, general counsel, Municipal CU, New York; Tom Barletta of the New York State Banking Department; and Henry Meier of the New York State Credit Union League. (Photos provided by the New York State Credit Union League)
NCUA’s increased emphasis on third-party due diligence and the pending implementation of new regulations related to identity theft. Tom Barletta, legislative counsel at the New York State Banking Department, discussed the department’s goal to make the state charter more desirable to credit unions. “The meeting underscored how united our members are in advocating for a strong dual-charter system,” Meier said. “The legislature has made important strides in strengthening its credit union charter, and our state-chartered credit unions are the best advocates we have for making sure that regulators take full advantage of these changes.”


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