WASHINGTON - (06/21/06) Credit union executivessuppered with bankers, and rivals of all kinds came together Mondayto raise a record $27 million for the Republican Party at theannual Presidents Dinner. President Bushaddressed about 5,000 of the GOPs strongest supporters whoreceived tickets because of their campaign contributions to theparty. Executives from the Pennsylvania CU Association,representing CUNA, sat with freshman Pennsylvania Rep. MichaelFitzpatrick, who the league is supporting for reelection. CUNAreceived tickets to the event, along with entry to numerouspolitical briefings and policy luncheons, in exchange for the$15,000 a year it contributes to both the National RepublicanSenatorial Committee and the National Republican CongressionalCommittee, which sponsored Mondays affair. Thetickets come complimentary with our contributions, which also comeswith tickets to various special events, Trey Hawkins,political director for CUNA, told The Credit Union Journal. Hawkinsemphasized that CUNA also has entry to Democratic committee bymaking identical contributions every year. CUNA contributes$180,000 to each parties major organizations every electioncycle.
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First Northwest Bancorp in Port Angeles has selected an Everett, Washington-based competitor's president to serve as its new top executive.
September 12 -
The Charlotte-based megabank announced that it had appointed two business leaders to be co-presidents of the bank, and elevated its chief financial officer to serve as executive vice president.
September 12 -
The Massachusetts bank is being accused of aiding and abetting the operation of a Ponzi scheme centered in Hamilton, New York. The bank declined to comment on the allegations.
September 12 -
City National Bank promotes Brandon Williams to head private banking and wealth management; a former U.S. Postal Service letter carrier is sentenced to five and a half years for stealing over $10 million in checks from the mail; Lazard expands its North American investment banking franchise with two managing director hires; and more in this week's banking news roundup.
September 12 -
The government-powered network is allowing larger payments to settle instantly, a move The Clearing House has also made for its RTP network. Payment experts say more than higher limits are needed to make speedy processing ubiquitous.
September 12 -
The world's largest stablecoin issuer is preparing to launch USAT, its U.S.-regulated, dollar-backed stablecoin, by the end of the year, Tether CEO Paolo Ardoino told reporters at an event in New York. Bo Hines was also named CEO of USAT.
September 12