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SeaComm FCU buys one-acre parcel in Watertown for $1.1M
WATERTOWN, N.Y. — SeaComm Federal Credit Union (FCU) recently purchased a one-acre parcel at 20485 Route 3 in Watertown for $1.1 million. Bill Colucci of Cushman & Wakefield/Pyramid Brokerage Company, in conjunction with Cushman/Grant Street Associates, helped arrange the transaction. SeaComm FCU, based in Massena, has 51,800 members with assets of more than $759 million, […]
Visions’ marketing recognized during CUNA’s Diamond Awards
The Credit Union National Association (CUNA) has recognized Visions Federal Credit Union for two of its marketing initiatives. CUNA awarded Visions the Business Development Efforts award for its 2021 Business Services Suite campaign, along with the Diamond in the Rough award for the Tompkins County debit-card contest. CUNA presented the awards as part of its
Morris starts expanded role as Berkshire Bank’s N.Y. regional president
Berkshire Bank, a regional community bank with branches in New England and New York, recently appointed James J. Morris IV as its regional president for New York state. The bank’s New York state territory includes the Capital region, the Mohawk Valley, and Central New York. Morris is an experienced banking professional who has served as
VIEWPOINT: A Digital World: What’s in Store for Central New York
As the effects of the coronavirus continue to reshape our world, the next year will see several factors accelerating the shift to a more digital, hybrid future. We expect to see a continued focus on digital transformation as the driving force creating value for business owners. Below are some considerations of what will come next —
Northwoods takes over management of Generations Insurance Agency
The Northwoods Corporation, which has an office at 32 Broad Ave. in Binghamton, recently entered into a management agreement with the Generations Insurance Agency in Seneca Falls. The agreement means that Northwoods, which is headquartered near Buffalo, will manage the day-to-day operations of the Generations agency while Generations Bank retains ownership of it. Under the
Tedone joins Strategic to lead retirement plan division and Rochester office
UTICA, N.Y. — Strategic Financial Services, Inc., has hired Greg Tedone as head of retirement plans, senior advisor. In this role. Tedone is responsible for
Empower FCU appoints Carhart interim president and CEO
SYRACUSE, N.Y. — As Empower Federal Credit Union continues a search for its next CEO, the organization has turned to a longtime member of the executive team to lead the credit union on an interim basis. At the same time, Empower is also working with a firm that provides an online financial-literacy program to provide
Generations Bank appoints Parish VP, corporate secretary
SENECA FALLS, N.Y. — Generations Bank announced it has promoted Lori Parish to VP – corporate secretary. In her position, Parish holds several administrative roles
Community Bank System gets regulatory approval for Elmira Savings Bank acquisition
DeWITT, N.Y. — Community Bank System, Inc. (NYSE: CBU) on Friday announced that is has received regulatory approval from the U.S. Office of the Comptroller
NONPROFIT MANAGEMENT: Why is Cash Management Important to your Organization?
We have all heard the age old saying, “cash is king.” When the pandemic first started, many tax-exempt organizations were concerned with cash flow and making it through what was first thought to be a month or two. Organizations were closely monitoring their cash flow, even going as far as preparing daily cash-flow projections. Then the
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