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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.…