Officers, directors or committee members of state-chartered credit unions in New York will no longer be required to take oaths under new guidance from state banking regulators.
In a directive dated April 5 to the financial services community, New York state Department of Financial Services (DFS) Superintendent Maria Vullo said elimination of the oath is consistent with the policy of state Banking Law and DFS regulations to standardize rights, privileges and benefits for state-chartered institutions that their federally chartered counterparts enjoy.
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