WEST PALM BEACH, Fla.-CU Journal is accepting nominations for its 2010 Best Practices Awards. We've deliberately made it very easy to enter. Nominations may be submitted by credit unions themselves, a CUSO, a trade association and suppliers to the CU community that have clients they believe exemplify the best practice in implementing a particular product or service. Go to www.cujournal.com for details.The criteria are as follows:* Best practice must have been deployed since June 1, 2009.* Create a category for the nomination. Categories can be from any aspect of running a credit union. A credit union can be nominated in more than one category. Nominators are welcome to nominate more than one credit union.* The entry should include: 500 words or fewer on why it believes it has created a best practice within its operation. * The nomination essay should include as many tangible measures as practical (including ROI where available) documenting the best practice; the background on environment prior to the implementation of the best practice; factors driving adoption of the best practice, and any new products/solutions deployed to achieve the best practice.And here's the part that always has great appeal: there is no charge for entries. It's free! Nominations should be e-mailed to the Managing Editor Lisa Freeman at lfreeman@cujournal.com. You can also visit the Letters to the Editor form and submit your Best Practice there.Deadline for entries is July 1. Winners will be profiled in Credit Union Journal later this year.
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Two former members of the Federal Open Market Committee said in interviews that they expect the Federal Reserve to keep rates steady amid uncertainty over the ongoing war with Iran and the resulting upward pressure on inflation.
March 27 -
Goldman Sachs Chief Legal Officer Kathryn Ruemmler received an 11% pay hike last year, bringing her total compensation to $25 million; U.S. Bank promoted Toby Clements to chief operations officer; Klarna is expanding its forward-flow and whole-loan sale deal with Elliot Investment Management to $2 billion; and more in this week's banking news roundup.
March 27 -
Carter Bankshares in Martinsville, Va., sold more than $200 million of loans made to companies controlled by Sen. Jim Justice and his family, closing out a once close relationship that later descended into rancor and litigation.
March 27 -
The Federal Deposit Insurance Corp.'s Office of Inspector General said in a Thursday report that staffing cuts over the past year could strain supervision and the agency's response to a crisis.
March 27 -
The latest rise in property tax collections at the end of last year continued a nine-quarter streak of increases, according to the National Association of Home Builders.
March 27 -
American Banker data finds that regulatory clarity is the top ask from executives holding back on adoption planning.
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