Skip to main content
Enter search terms below…

Member News

SEFCU to Pay Cohoes Community Center Employees Final Week of Work Wages



TroyRecord.com

Officials recently announced that the roughly 70 employees of the Cohoes Community Center will receive the wages they are owed for their final week of work. The community center recently abruptly shut down due to financial difficulties.

Officials said the payment of these wages was made possible thanks to the generosity of SEFCU.

The Cohoes Community Center Board of Directors said they are working to ensure that the delivery of employee paychecks will occur in a timely fashion.

“We realize that there are still many outstanding issues that will need to be resolved regarding the sudden closure of the Cohoes Community Center, and we continue to work hard to address them,” said Board Chair David Mitola in a news release. “This is a positive first step as we continue to work with community and business leaders on plans to help the Cohoes Community Center resume operation and once again serve the children and families of our city.”

In addition to making employees whole by funding the payroll shortfall,  officials said SEFCU is donating the money necessary to cover short-term utility costs.

“At its core, SEFCU is a community support organization. We work hard every day to be able to help people when they need it most. In this case, we’re providing the funds necessary to ensure that hard-working people in Cohoes receive the wages they earned, and their families do not suffer due to circumstances outside of their control,” said SEFCU President and CEO Michael J. Castellana in the release. “We’ll continue to work with the Center’s board of directors and community leaders, including Assemblyman John McDonald, to investigate options that will help the Community Center re-open.”

Officials noted that there is more work to be done, and that the Cohoes Community Center Board of Directors will provide additional information as it becomes available.

 

Selling a business is one of the most important financial transactions a business owner can make. To assist with this process, Wojeski & Company, CPAs, P.C. has just released a three-part video series in conjunction with business partner Greenbush Financial Group, LLC, as a resource to the local business community. In the videos, David Wojeski…
UHY LLP has released the results of their 2020 Middle Market Survey. "Perspective from fellow business leaders during challenging times may help validate or incubate strategic planning concepts. This year's UHY Middle Market Survey focuses on business performance, strategy, preparation and execution. Use the results of this survey to have deep…
Whitney Young Health has announced the appointment of Dr. Deborah Vasquez as Chief Medical Officer. Dr. Vasquez joined the Whitney Young Health team in 2013 as a Pediatric Attending Physician. She most recently served as the Associate Director of Pediatrics before assuming the role as the Interim Chief Medical Officer. Dr. Vasquez is a board…
Dec
03
In 2015, the Chamber developed CEO Roundtable Discussions with much success.  The purpose is to bring together small groups of CEOs, presidents and/or…
8:30 a.m. - 9:30 a.m. EST
Dec
14
Kick off your holiday season and finish 2020 strong with our Virtual Holiday NetworkingPlus! Get connected, develop leads and build relationships at our…
11:00 a.m. - 12:00 p.m. EST
Dec
17
Designed to help individuals new to WordPress environment, join Training and Development Specialist, Eleonora Morrell, MicroKnowledge, Inc. to learn how…
8:30 - 10:30 a.m. EST