DENVER - (10/25/04) -- The Colorado CU System has made anunusual endorsement in the race for the state's third congressionaldistrict--they have decided to endorse both candidates, less theyoffend either one who may represent the district in the nextCongress. Both Democrat John Salazar (Guadalupe Parish CU) andRepublican Greg Walcher (Western Rockies FCU) are long-time creditunion members and support credit unions on the issues, according toTerri Johnson, spokesman for the league. "We're in the business ofmaking friends, not enemies," Johnson told The Credit UnionJournal, of the league's election guide touting both opponents.Florida credit unions had a similar dilemma choosing betweenDemocrat Betty Castor and Republican Mel Martinez for Senate, sothey too are backing both. "We feel both candidates are very strongsupporters of credit unions, so credit unions are going to bewinners, no matter which one comes out on top," said Mark Ivestor,spokesman for the Florida CU League. Both the league and its creditunion members have participated in fundraising events for bothopponents.
-
A team of ex-First Republic private bankers hopes to serve entrepreneurs who once worked with Silicon Valley Bank.
9h ago -
The National Credit Union Administration, operating with just one board member, has liquidated two credit unions that were recently put into conservatorship. The failures are the first credit union failures since Democrats on the board were fired, leaving Republican Chair Kyle Hauptman.
10h ago -
In a joint letter signed by over 50 bank trade groups, leaders in the banking industry urged regulators to revise bank regulatory thresholds upward to keep up with inflation.
11h ago - Yahoo Finance Feed
Dime Community Bancshares, which has added dozens of bankers over the past two years, is now ready to consider expanding its geography.
11h ago -
The conviction of a fraud ring mastermind highlights growing risks in home equity lines of credit as equity-rich borrowers become prime targets.
11h ago -
The Senate passed President Trump's tax and spending bill Tuesday, but questions around Consumer Financial Protection Bureau funding, 1071 delay and remittance taxes remain as GOP leaders scramble to pass the bill out of the House before Trump's July 4 deadline.
11h ago