Local Professional Inducted Into Hall of Fame

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Paul Infantino Credit Union Association of New York’s 2010 Hall of Fame Inductee

ALBANY, NY (06/16/2010)(readMedia)-- Rochester resident Paul Infantino was inducted into the Credit Union Association of New York's Hall of Fame at their annual Convention held recently in Cooperstown, N.Y.

Hall of Fame honors are awarded to individuals who have devoted their lives to the philosophy and success of the credit union movement, and have had a significant impact on credit unions at the local, state or national level.

"Throughout his tenure, Paul had been actively involved in all aspects of the credit union movement," said Association President/CEO William J. Mellin. "His dedication throughout those years has had a positive impact on the stature and growth of credit unions."

Infantino began his career in 1962 as assistant treasurer for the former Rochester Telephone Federal Credit Union (now The Summit Federal Credit Union) and ascended to the position of general manager, which he held for 21 years.

Under his leadership, the credit union grew from approximately 2,400 members and one cashless branch with $1.4 million in assets to over $100 million in assets. His success and contributions served as a major catalyst for the significant growth of the credit union in the years following his retirement up through the present. Infantino's employment with the credit union was followed by an additional 10 years of service on the credit union's board of directors.

Infantino was one of the first in the country to recognize the need to bring advanced technology to the credit union environment to improve accuracy and efficiency. As a result of his research, he was well ahead of the times when he brought in the first posting machine for the credit union, as well as the credit union's first computer system to house member account information and calculate interest on deposits and loans.

Infantino's contributions to the credit union movement also included serving as general manger of Curtis Burns Federal Credit Union. The credit union, which served hundreds of Bird's Eye Food employees in the Greater Rochester area, became First Link Federal Credit Union. In 2007, it merged into The Summit Federal Credit Union.

The Summit Federal Credit Union was chartered in 1941. As of Dec. 31, 2009, the credit union had over $489 million in assets and nearly 60,000 members. For more information about The Summit FCU, please visit www.summitfcu.org.

The Credit Union Association of New York has served as the trade association for the state's credit unions for 93 years. New York credit unions have assets of more than $50 billion and 4.4 million members. To learn more about the Association, visit www.cuany.org.

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