2022 in Review for Adirondack Regional Federal Credit Union

Experts all say our economy is facing headwinds, but it’s hard not to be excited about the future.


  • Home
  • News
  • 2022 Adirondack Regional Federal Credit Union Recap

A Bright Horizon

One of the great privileges of working at an institution like Adirondack Regional Federal Credit Union is playing a part not only in the success of our members, but of our communities.

After all, our members all live and work in the places we serve. So when we help you get a home loan, you strengthen your community by putting down roots. And when we help you expand your business, you might hire more workers, or pay for renovations.

We’ve always been proud of this relationship to our communities. This year, though, it’s been especially evident.

A year ago, New York State awarded Tupper Lake (where we’re based) $10 million to put toward downtown revitalization projects. That money is shared with businesses and organizations that submit winning proposals for new projects, backed by investments of their own.

I’m proud that five local businesses asked Adirondack Regional FCU to support their proposals with loan commitments. And I’m even prouder that four of those proposals were awarded grants.

A program like the Downtown Revitalization Initiative is often called “transformative,” but I know, in Tupper Lake, it truly is. New housing, improvements to downtown storefronts, investments in arts and culture—big things are happening here. And we’re part of it.

Your membership allows us to have this impact. Last year, our core net income doubled. That’s money that finds its way back into investments for our community. Last year, we extended financing to help three businesses find new owners, rather than closing. And we even launched a new, low-interest auto-loan program, North Country Moves, to help people with low income afford cars so they can get to work.

I know the experts all say our economy is facing headwinds, and I see them, too. But it’s hard not to be excited about the future. And all of us at Adirondack Regional FCU are grateful to have your membership—and support—to make it happen.

Happy holidays,

Russ Cronin


2022, By the Numbers

500: New members who joined the credit union in 2022. (Welcome!)

$15 million: New loans originated

1,500: Pounds of documents shredded at our first-ever community shred day

142: Applications received for the Donald DeVirgeles Memorial Scholarship

$20,000: Donations the credit union made to local non-profits and families in need

$1,500: Amount raised for the Tri-Lakes Humane Society through our annual Bark in the Park celebration

Member Stories

Find out first-hand how we've helped our communities

Member Stories: Jacob Wright - CEO of Skyward Hospitality

When Betsy Lowe and Nancy Howard needed a partner to realize their dream of bringing a hotel to downtown Tupper Lake, they turned to Jacob Wright, CEO of Skyward Companies. And Wright turned to Adirondack Regional FCU.
Learn More

Member Stories: Ian Christensen - Owner of Perfection Cleaning

“It’s like a family environment,” Christensen says. “It’s like I’m dealing with my brothers and sisters. That’s what I appreciate the most.”
Learn More

Member Story: Ron Belleville

When Ron Belleville owned Belleville & Associates, a Tupper Lake insurance agency, he knew the importance of providing a personal touch. It’s one of the reasons why the lifelong Tupper Laker counts on Adirondack Regional FCU, instead of a banking institution based somewhere else.
Learn More