Skip to main content

Seneca Nation Debuts Federal Credit Union for Members and Employees

  • Author:
  • Updated:
    Original:

The Seneca people and employees and families of the Nation's many business enterprises can now do their banking at the Seneca Nation of Indians Federal Credit Union. The credit union is New York’s first federally-chartered credit union for Native Americans and their employees.

It offers savings accounts, new and used car loans, personal loans checking, debit card and money market account services, certificates of deposit, club account, home checking, and mobile banking services. Credit union membership is open to Nation members and their families, employees of Seneca Nation-owned businesses, including Seneca Gaming Corporation and its three casino properties, Seneca Gaming and Entertainment, Seneca Construction Management Corporation, Seneca Nation Enterprises, and their families.

The official opening ushers in a new era of financial service to the Seneca people and the employees and families of the Nation’s many business enterprises. Nation and credit union leaders celebrated the occasion with an official ribbon cutting ceremony.

“Over the past several years, the Seneca Nation has developed a strong, diverse and growing economy, creating thousands of jobs and delivering substantial economic benefits for Nation members and the entire Western New York region. Yet, many of our members have been unable to obtain a full complement of banking privileges from local financial institutions,” said Seneca Nation Treasurer Todd Gates. “Now, we are able to offer the Seneca people and those who work at our many thriving business a credit union of our own to help serve their needs.”

The effort to establish the credit union and receive certification was three years in the making. The Seneca Nation of Indians Federal Credit Union is only the second credit union in all of New York State to receive certification in the past year.

Scroll to Continue

Read More

Michael Kimelberg, the Nation’s chief operating officer, who spoke at the ribbon cutting on behalf of Seneca Nation President Maurice A. John, Sr., applauded the dedication of those who helped make the project a reality for the Seneca people. He gave special recognition to Stephen Scott, deputy director of planning, who stewarded the Nation through the application process, and the credit union’s board of directors, led by chairperson Lucille White.

“The many people who worked to help the Nation realize this opportunity remained undaunted throughout a very long and daunting process,” Kimelberg said. “It is thanks to their dedication and commitment that the Seneca Nation is now able to take this very important step forward in serving our people.”

Seneca Nation Councillor Christina Jimerson added, “This achievement is an example of our philosophy of people helping people, which we believe in very strongly. By following that philosophy, of course, our new credit union will be successful.”

Seneca Nation members and employees interested in joining the credit union are encouraged to visit the main office inside the William Seneca Administration Building at 12837 Route 438 in Irving or the Salamanca branch office, located in the Nation’s Allegany administration building at 90 Ohi:yo’ Way.

The Seneca Nation of Indians Federal Credit Union is being managed by Connie Scherrer, president & CEO, a 34-year banking and credit union industry veteran. The credit union is governed by the National Credit Union Administration (NCUA), which operates and manages the National Credit Union Share Insurance Fund to protect accounts at all federal credit unions up to $250,000.