James C. Garvey has led several banks in Massachusetts, California and Washington.
Leominster Credit Union has appointed Paul D. Gilbody president/CEO of the Leominster, Mass.-based credit union. Gilbody succeeds Gordon R. Edmonds who served as president/CEO since 2007. Edmonds will retire from the credit Union on Sept. 30.
Jim Adamczyk can remember receiving an increase in calls from banks interested in FAIRWINDS Credit Union’s auto loan portfolio. That was as recent as 2010, said Adamczyk, executive vice president of lending, for the $1.7 billion cooperative in Orlando, Fla.
Banker opposition to NCUA’s LICU program is ludicrous. Why do I call it ludicrous? Because their opposition would have to step up several notches on the reasonableness scale to even come close to their normal anti-credit union position of hypocritical.
In a letter to Senate Majority Leader Harry Reid, Republican Leader Mitch McConnell, and copied to all members of the Senate, the American Bankers Association and Independent Community Bankers of America said current member business lending limits “are entirely appropriate given the significant risk and potential losses that would be...