WASHINGTON - (10/29/04) -- CUNA has reached a preliminaryagreement to help sponsor the Hula Bowl, the annual collegefootball all-star game held in Maui, Hawaii. The agreement, whichis expected to cover advertisements at the game, is with OvertimeSports Pacific, an affiliate of the American Football CoachesAssociation, with which CUNA is partnering on the National ChildIdentification Program, according to CUNA lobbyist Gary Kohn. Thestructure of the ads, which are still undetermined, will toutAmerica's credit unions. "There will be significant visibility atthe stadium," Kohn told The Credit Union Journal. CUNA is planningto raise funds separately for the initiative. "All of the moneywill be raised voluntarily. None of it will be coming out of thepockets of credit unions," said Kohn.
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The Cleveland-based bank is projecting steady growth in net interest income even as credit losses remain manageable. But Chairman and CEO Chris Gorman also said that he thinks a recession is likely.
10h ago -
The first-quarter increase involved commercial real estate loans, including some problematic multifamily loans and an office credit, but none of the criticized loans were to consumers, officials at the Dallas company say. Further CRE deterioration is anticipated.
11h ago -
The Detroit-based company is exploring ways to make more consumer auto loans without running afoul of stricter capital standards that are expected from the Federal Reserve. Possible approaches include more securitizations and the use of credit risk transfers.
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The House Financial Services Committee also sent to the full House two bipartisan bills, including one that would prevent large banks from opting out of having to recognize Accumulated Other Comprehensive Income in regulatory capital.
April 18 -
Charge-offs and nonperforming loans rose at the Georgia bank in the first quarter. But it blamed the problem on one large client and said the matter has been resolved.
April 18 -
Amid healthy first-quarter loan growth and improving credit quality, Discover Financial Services slashed its profits by $800 million to offset remediation costs from a 16-year period when it overcharged certain merchants.
April 18