New York

Members of Sperry Associates FCU will vote on a deal to merge into the nation's third-largest credit union. Both institutions have roots in serving the defense sector.

The company will use Savoy's midtown Manhattan office to coordinate business development efforts around the city.

New York’s attorney general is investigating whether President Trump’s company inflated the value of his assets to secure favorable terms for loans, according to court filings. Testimony from his son Eric Trump is being sought as part of the case.

Over 90% of loans from CUs in the Empire State are eligible for forgiveness using the $150,000 threshold.

Members who use the account, which should be available starting in 2021, will manage it through Google Pay.

The New York companies plan to move ahead with their proposed deal despite challenges created by the coronavirus pandemic.

The Treasury Department has held shares in the Black-run banking company for more than a decade.

Andrea Thune will take the helm next month, succeeding Jeffrey Fragale, who is retiring.

Webster Federal Credit Union and Finger Lakes FCU plan to join forces before the end of the year, though the deal still needs approval from regulators and members.

In what was a challenging quarter for the industry, the company reported strong loan growth and a wider margin. Continued momentum will depend on government stimulus, the reopening of New York City and borrowers' ability to make payments after their deferral periods end.