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.
-
Amid a surge in bank mergers, Citizens CEO Bruce Van Saun said the Providence, Rhode Island-based bank is largely focused on organic growth. "It would have to be a pretty high bar for us to go down that path," he said.
39m ago -
The conditional approval came with residency waivers for board directors and green-lights the bank's business model, which is aimed at serving tech companies and ultra-high net worth customers in the digital asset space.
1h ago -
Federal Reserve Gov. Christopher Waller said Wednesday that breakthroughs in artificial intelligence will undoubtedly make life easier and lead to growth, but acknowledged that the technology's adoption will lead to short-term labor market disruptions.
1h ago -
Acting Federal Deposit Insurance Corp. Chair Travis Hill said the agency will open the bidding process for failed banks to private equity and other nonbanks, streamline resolution plans and revamp its bidding and funding models, reforms spurred by 2023's bank failures.
2h ago -
Federal Reserve Governor Stephan Miran said the economic standoff with China could increase market volatility, further necessitating the central bank to move its policy stance to neutral.
2h ago -
"We actually see a little bit more strength in the nonprime [consumer]," CFO Brian Wenzel told American Banker.
2h ago