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WASHINGTON-Congressman Nick Lampson (D-Texas) has signed on as the latest co-sponsor to the growing list of lawmakers backing the Credit Union Regulatory Improvements Act (H.R. 3579). Lampson makes 55 cosponsors for CURIA, in addition to the bill's author Congressman Ed Royce (R-Calif.). The legislation has been strongly supported by the...

LAKE JACKSON, Texas - Texas Dow Employees Credit Union has made learning Spanish more lucrative for staffers. The $800 million credit union has opted to pay all front line employees who pass a Spanish Proficiency Assessment an extra $100 per month. Staffers who do not have direct contact with members...

WASHINGTON - The federal government used the services of small businesses in a big way in 2003 awarding them $65.5 billion in contract dollars, a figure that was recently revised upward of $3 billion, pushing it to an all-time high. The U.S. Small Business Administration recently announced that small businesses...

WASHINGTON - Alan Greenspan took the oath of office as Federal Reserve Chairman for the fifth time June 19. At the Colorado home of former President Gerald Ford and his wife, Vice President Dick Cheney administered the oath. Greenspan's wife, Andrea Mitchell, was also in attendance. His fifth four-year term...

ONTARIO, Canada - Windsor Family Credit Union has been presented the 2004 Innovation Award for Marketing by Credit Union Central of Ontario. The Innovation Awards provide an opportunity to recognize innovation and excellence among Ontario credit unions and highlight the growth and advantages of credit unions. The credit union was...

ALEXANDRIA, Va. - In a recent legal opinion letter (02-0737), NCUA Associate General Counsel Sheila Albin stated that a federal credit union's board of directors can only approve certain types of loans, but can be more involved in other loan decisions. Albin's letter quoted the Federal Credit Union Act as...

WASHINGTON - The Federal Reserve has issued a request for candidates to fill open seats on its Consumer Advisory Council. E Federal Credit Union CEO Ken Bordelon is the only credit union representative currently seated on the board, though there can be more than one. Bordelon's term is one of...

LOUISVILLE, Ky. - The incentive for Kentucky credit unions to offer SBA loans looks more attractive thanks to new legislation signed by Gov. Ernie Fletcher. Gov. Fletcher just signed into law the Small Business Regulatory Fairness Initiative, which will require state agencies to consider their impact on small business before...