Monthly Archives: February 2011

Federal Reserve Issues Final Rule For Home Mortgages

The Federal Reserve Board on Wednesday issued a final rule and requested public comment on a second rule under Regulation Z to revise the escrow account requirements for certain home mortgage loans. The revisions to the regulation, which implements the Truth in Lending Act (TILA), are being made pursuant to the Dodd-Frank Wall Street Reform [...]
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Hyland Addresses Current Issues

Alexandria, VA, February 24, 2011 – National Credit Union Administration (NCUA) Board Member Gigi Hyland recently provided an online interview on a number of issues facing the credit union system. The interview was conducted by Mike Lawson of CUbroadcast (www.cubroadcast.com), which provides one-on-one interviews with today’s credit union innovators. Issues covered included Board Member Hyland’s [...]
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Oldest Northern North American Human

Many people believe human life started in Africa; however, is it possible the Garden of Eden was in North America? The National Science Foundation scientists and Alaska Natives collaborate on find of cremated child. Newly excavated remains found at the Xaasaa Na’ archaeological site near the Tanana River in central Alaska may belong to one [...]
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OTB Federal Credit Union Closes

February, 23, 2011, Alexandria, Va. — The National Credit Union Administration (NCUA) today placed NYC OTB Federal Credit Union, located in New York, New York, into liquidation. NCUA made the decision to close NYC OTB Federal Credit Union and discontinue its operation after determining the credit union is insolvent and has no prospects for restoring [...]
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Clean Air Council Philadelphia's 30th Annual 5K Run for Clean Air

Philadelphia’s LARGEST Earth Day Celebration: The 30th Annual 5K Run for Clean Air and Earth Day Celebration will take place April 16th, 2011. The course starts at the Philadelphia Art Museum and runs along Martin Luther King Drive. Arriving back at the finish line, the Clean Air Council has invited its partners and sponsors to [...]
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Whiting Refinery Federal Credit Union

February 22, 2011, Alexandria, Va. – National Credit Union Administration Board Member Michael E. Fryzel recently visited Whiting Refinery Federal Credit Union inWhiting, Indiana. Fryzel utilized his time at Whiting Refinery to tour the institution and meet with its Manager, Carol Graziani. Whiting Refinery FCU is one of a small group of credit unions chartered [...]
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America Saves/Military Saves

February 18, 2011, Alexandria Va. – National Credit Union Administration Chairman Debbie Matz encourages credit unions to help their members to assess and take action to increase savings as preparations proceed for America Saves and Military Saves Week. The week begins Sunday, February 20, 2011, and runs through Sunday, February 27, 2011. America Saves and [...]
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Love Gets the Best of Me

by Daniel Brouse Humans Create fate Humans Create dates Human’s fate Set their date At any rate There’s no debate Our state… Irate We’ve gone mad Off our rocker All more than a tad Beyond rational Create hate? Participate Via voyeur Then begin The citizen If we fall folly To our Un-natural nation The gravity [...]
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Credit Union Placed Into Conservatorship

February 17, 2011, Alexandria, Va. – The National Credit Union Administration (NCUA) today assumed control of operations at Greensburg Community Federal Credit Union of Greensburg, Pennsylvania. NCUA’s goal is to continue credit union service to the members and ensure safe and sound credit union operations. Member deposits are safe. Their accounts are insured up to [...]
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NCUA Board Meeting

Board extends 18-percent loan interest rate ceiling The NCUA Board voted to extend the 18-percent interest rate ceiling on loans made by federal credit unions (FCUs) through September 10, 2012. The ceiling applies to all FCU lending except originations under the short-term small-dollar program, where payday alternative loans can be made under certain terms at [...]
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