BEL AIR, Md. - (09/27/05) -- HAR-CO Maryland C marked its 50thanniversary by giving each employee and volunteer a $50 bill. Eachrecipient was then charged by CEO James Meehan to take the moneyand do something good for the Harford, Md., community. In all, 70people received the bills and have been donating them locally. Theonly caveat with the money was that after a donation was made anote on to whom it went was to be placed on the credit union'sGiving Tree. Among the early recipients: Harford Hospice, AnimalRescue, the Humane Society, Martha's Meals and more than a dozenothers.
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A new analysis from the White House's Council of Economic Advisers says the banking industry's fears about deposit flight are overstated. Experts familiar with the banking industry's concerns say the report's conclusions are beside the point.
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