Advertisement
The effort to procure alternative banking services was led by Butternut Valley Alliance and its “Save Our Bank” task force, formed on the heels of Community Bank’s withdrawal. Members of the task force included co-chairs Ed Lentz and Maggie Brenner, as well as other BVA members Tom Washbon, Jason Cianciotto and Bob Thomas. Members at-large included Jim Tremlett, John DiStefano, Peter Martin, Arlene Martin and Andrea Hull.…
“We are pleased to see SFCU take this next step in its commitment to our community,” said Ed Lentz, chair of Butternut Valley Alliance. “It has been a pleasure working with them to ensure continued services in the valley and we have been impressed with their responsiveness to our needs. We look forward to the day when they are able to expand their services here.”…
A top priority at this point is to pursue designation as a Banking Development District, an initiative fostered by the New York State Department of Financial Service and designed to encourage the establishment of branch banks in underserved areas across the state.…
Five months after CBNA’s closing in Morris, the BVA has announced a partnership with Sidney Federal Credit Union. SFCU will now take the necessary measures to open a full-service branch in Morris.…
SFCU will now apply to the New York State Department of Financial Services for designation as a Bank Development District. This designation will make the branch opening financially feasible and will also allow municipalities to bank with the credit union.…