NEW YORK - (09/04/05) -- From midtown to lower Manhattan, andall points in between, the credit union lobby--CUNA, NAFCU, thestate leagues, and dozens of credit union executiveswereseen darting from reception to reception during the RepublicanNational Convention this week, imprinting the credit union brandamong the GOP faithful. The CUNA team, alone, led by President DanMica and top lobbyists John McKechnie and Gary Kohn, attended morethan 100 events. More than anything, this is really anopportunity to renew relationships and expand relationships andshow our support for the members of Congress who have supported usin the past, Mica told The Credit Union Journal during oneevent. This was a great way to meet with people, many of thesame ones we see in Washington, on a more relaxed basis,said Bill Donovan, chief lobbyist for NAFCU, of the 30 or so eventssponsored by or attended by NAFCU representatives. For CUNA, whichhas been sending a team to the national party conventions foryears, this year marked to a new level of involvement. CUNA and itsaffiliates, including the leagues, and U.S. Central CU, probablyspent as much as $250,000 on Convention activities, and a similaramount on the Democratic Convention, according to Richard Gose,political director for CUNA. It was money well spent,he said.
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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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