ESL Federal Credit Union recently received approval from the New York State Department of Financial Services to launch ESL Trust Services LLC.
ESL is the first credit union in the state to create a trust company subsidiary. The addition of trust services supplements the local financial institution’s current wealth management offerings of financial planning, investment and insurance services.
Trust services includes trust administration services, investment management, estate planning and administration and wealth transfer planning.
ESL Trust Services LLC adds three new employees. Gina DiMonda was appointed president. She has more than 20 years of experience in the investment and trust service industries. DiMonda most recently served as vice president and wealth manager at First Niagara Bank NA.