The Daily Star, Oneonta, NY - otsego county news, delaware county news, oneonta news, oneonta sports

January 2, 2013

McLaughlin's to move up Main Street

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The Daily Star

---- — McLaughlin’s Clothing, a staple on Main Street in Oneonta, will be moving to a new location a few doors away early in the new year, according to Scott McLaughlin, who runs the McLaughlin’s stores in Oneonta and Norwich.

McLaughlin’s Shoes will remain at 146 Main St., but the clothing store will be moving to 166 Main St. – into a space formerly occupied by the former Sport Tech.

McLaughlin said the new location will have more room than the current store.

“With larger space comes more merchandise to offer,” he said Monday. “You can add more brands.”

He said the clothing store would be moving sometime in the next two months. It has been in its current location, 150 Main St., for about three years.

“We were content where we were, but the Sport Tech thing came up fairly quick,” he said. “It was just, I think, a good opportunity to get more square footage and be still on Main Street in downtown Oneonta. That’s our main goal … to service downtown.”

Another section of Sport Tech’s former space – at 74 Water St. – has been taken over by Otsego Bicycles.

Credit unions prospering

New York’s credit unions showed continued growth in the third quarter of last year, according to the most recent Credit Union Performance & Trends Report released by Callahan & Associates.

The state’s credit unions exceeded national averages for assets, shares, members and loans, setting records of $61.5 billion in assets and nearly 4.8 million members.

“This growth reflects the changing attitudes consumers have towards big banks,” said William J. Mellin, president/CEO of the Credit Union Association of New York. “It also shows how credit unions have stepped up their efforts to increase awareness among consumers of credit unions as safe financial institutions that provide both good value and promote thrift.”

Additional highlights from the report include:

• Annual loan growth was 8.1 percent in September 2012, nearly double the national average of 4.2 percent.

• Share/savings balances rose 8.8 percent, faster than the national average of 6.2 percent, as regular shares, money market accounts and share drafts all grew at a double-digit annual pace.

• Business loans increased 16.9 percent from September 2011 levels, as member business loan originations totaled over $1.9 billion in the first nine months of 2012.

Quick hits

Umberto’s Pizzeria has opened in the Southside Mall in Oneonta. … Humphrey’s has opened on Main Street in Oneonta at the site of the former Phoenix Café. … Bill Stamp has been named vice president of marketing, strategic planning and corporate communications at Bassett Healthcare Network. He oversees the network’s strategic planning process, corporate marketing and communications.

To suggest a business story, announce a new business or changes to an existing one, email details to rwhitby@thedailystar.com or call Richard Whitby 432-1000, ext. 221.