WASHINGTON - (02/28/06) -- -The Colorado CU League will beputting before its membership at its upcoming annual meetingproposals to change its name, its logo, and to permitout-of-state-based CUs to join the league. League President JohnDill said he believes the word "league" does not explain what thegroup does to constituencies that aren't going to take time tofigure it out. "It's a lot of work to explain to a legislator whatthe 'league' is," said Dill. "It's a waste of 30 seconds. If yousay the Credit Union Association of Colorado or the Credit UnionAssociation of Wyoming, it's understood what you are." Plans arealso to put before the membership a bylaw change that would allowout-of-state-based credit unions to join the league, with duesprorated according to the number of members the CU has in Coloradoor Wyoming, and the associated voting rights. "We want to give thema way to be a part of the family, so to speak," he said. "We'vevetted the issue with focus groups and gotten a good reaction."Dill spoke with The Credit Union Journal during CUNA'sGAC.
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Lake Shore Bancorp in Western New York has reached a "standstill agreement" with the Stilwell Group, which has promised not to force a merger or sale in the next three years.
March 20 -
Swiss banking giant UBS Group received federal approval from the Office of the Comptroller of the Currency to convert its $1.6 trillion-asset UBS Bank USA from a Utah-chartered industrial bank to a national charter.
March 20 -
Early industry reaction to the Federal Reserve's Basel III proposals points to potential capital relief for banks, though stakeholders say the complexity of the changes makes their overall impact unclear.
March 20 -
Financial institutions that delay or fail to take this leap risk losing customers and revenue, said speakers at the inaugural On-Chain Executive Summit.
March 20 -
CISA and Microsoft urge organizations to secure endpoint management systems as threat actors increasingly seek to disrupt operations with wiper malware.
March 20 -
Piermont Bank hired Dennis Day for a new executive role focused on payments; the American Bankers Association announced the global expansion of its widely used Fraud Contact Directory; MC Bankshares moved one step closer to finalizing its sale to an investor group; and more in this week's banking news roundup.
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