The Hauppauge, New York, institution plans to take advantage of its open charter that allows anyone in the U.S. to join after several years of building out its infrastructure to support a national business. Bankers decried the move as further overreach by the credit union industry.
The New York credit union is using robotic process automation tech from Blue Prism to handle time-consuming tasks related to data entry, collections and other needs. This frees up its employees to focus on the organization's expansion.
Former Melrose Credit Union CEO Alan Kaufman, set to begin a nearly four-year prison term next month, has told a New York federal judge that he should remain free on bail while he appeals his conviction for accepting unlawful gratuities from CBS Radio and a former taxi mogul.