ALBANY, N.Y. - (01/20/06) -- The New York CU League said it hasbeen awarded a $10,000 grant from the National Council on EconomicEducation to support its 'Kid's Cash Kit & Caboodle' financialeducation program. The program, being piloted with seven creditunions around the state, aims to teach kids consumerresponsibility, personal finance and basis economics, for ages fiveto 12. The participating credit unions are: GPO FCU, Hudson RiverCommunity CU, Lancaster-Depew FCU, Niagara County FCU, SyracuseCooperative FCU, Teachers FCU and Visions FCU. The New York CUFoundation, which is heading the project, hopes to reach as many as5,000 students by the end of the year.
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Following a $60 million credit hit, the Salt Lake City bank said that it hasn't found any other related problem loans.
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The parent company of Heartland Bank and Trust plans to acquire a smaller bank based in Carlinville, Illinois. The acquisition would give the buyer added heft in Central Illinois, as well as the Chicago and St. Louis metro areas.
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Six trade groups warned the administration layoffs and funding freezes could dampen lending, threatening the administration's goal of economic growth.
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The Boston-based bank is the second bank in three months to face pressure to sell by the activist investor group HoldCo Asset Management.
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Comptroller of the Currency Jonathan Gould said in an interview with American Banker that his agency is looking at whether its own internal guidance may have contributed to a climate where banks feel the need to "cite everything" to avoid supervisory penalties.
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AlumniFi, the digital banking arm of Michigan State University's official credit union, is now an official bank partner for the NCAA's Big East conference.
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