WASHINGTON - (12/21/05) -- With contributions to groups likePHIL PAC, Mill to the Hill PAC and Citizens for Action, CUNAcontinued its unprecedented efforts last month to cultivatecongressional leaders through their so-called leadership PACs. Bycollecting campaign funding through leadership PACs, congressionalleaders like Phil English, R-Pa., Juanita Millender-McDonald,D-Calif., and Paul Kanjorski, D-Pa., will be able to turn aroundand use their credit union-donated funds to help support alliedcandidates. CUNA contributions last month included donations to:Citizens for Action, Kanjorski's new leadership PAC ($5,000); PhilPAC, English's PAC ($2,500); Mill to the Hill PAC, forMillender-McDonald ($1,000); Searchlight Leadership Fund, forSenate Minority Leader Harry Reid of Nevada ($1,000); ERIC PAC, forEric Cantor, R-Va. ($2,500); and AMERIPAC, for House Minority WhipSteny Hoyer of Maryland ($1,000). CUNA also contributed $2,000 toRepublican Re. Jeb Hensarling of Texas, who has asked the GAO tostudy NCUA's approvals of credit union conversions to banks; $1,000to credit union champion Steve LaTourette, R-Ohio; $2,500 to creditunion ally Marcy Kaptur, D-Ohio; and $1,000 to Rep. Rahm Emanuel ofIllinois, chairman of the Democratic Congressional CampaignCommittee.
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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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