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ESL Announces Addition of Trust Services

Locally-Owned Credit Union Receives New York State Authorization to Offer Trust and Other Related Fiduciary Services

Rochester, NY — 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 New York State to create a trust company subsidiary, and offering these solutions is a direct result of ESL’s mission to meet the broader financial service needs of individuals and businesses in the community. The addition of Trust Services further supplements the locally-owned financial institution’s current wealth management offerings of financial planning, investment, and insurance services, and provides a customized, comprehensive approach with access to global investment solutions through locally based relationship management.

The sophisticated suite of trust services includes trust administration services, investment management, estate planning and administration, and wealth transfer planning.

ESL Trust Services, LLC, adds a total of three new employees, with years of industry expertise, to complement ESL’s current suite of offerings. ESL appointed Gina DiMonda as president, ESL Trust Services, LLC, to help launch and lead Trust Services. Gina joined ESL in 2015 with more than 20 years of experience in the investment and trust service industries. She most recently served as vice president and wealth manager at First Niagara Bank, N.A.

“We are pleased to add trust and related fiduciary services as part of ESL’s wealth management solutions,” said Leo Iacobelli, ESL’s senior vice president/director of wealth management. “We know there is a strong demand for these services in our market and look forward to continuing to meet the needs of the Rochester community.”


About ESL Federal Credit Union

Founded by George Eastman in 1920, ESL Federal Credit Union is a full-service financial institution with $6.2 billion in assets. The locally-owned financial institution employs more than 735 people in Rochester, New York, and includes approximately 330,000 members worldwide.

The company has now appeared on the Great Place to Work® Best Small & Medium Workplaces list for six years (2016, 2015, 2014, 2013, 2011, and 2010). Access to the credit union includes 20 branch locations and more than 40 ATM locations, locally-based telephone and Internet chat centers, and online and mobile banking channels. The company is headquartered at 225 Chestnut Street in Rochester and can be found on the Internet at www.esl.org.

For more information, contact:

Rich Pulvino, APR
Manager, Corporate Communications
rpulvino@esl.org
585.336.1009