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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...

PASCAGOULA, Miss. - How do you let members in another state learn about your credit union? If you are Navigator Credit Union you invite them "N". A merger last year with the former Friendly Credit Union in Mobile, Alabama resulted in two branches to serve Navigator CU's 3,400 members living...

SAN FRANCISCO - A coalition of consumer, labor and community reinvestment groups has written the Federal Reserve to ask that the regulator adopt some protections for workers who are paid with so-called payroll cards (See related story page 1). "Individuals are increasingly being asked to accept stored value cards to...

WEST PALM BEACH, Fla. - Is overdraft protection helping members or hurting them? While many debate that issue, the issue of regulating overdraft programs is also becoming a subject of debate. Some feel the time has come for financial regulators to rein in advertising on overdraft programs and tie an...