Earl Leaves Utah League
SALT LAKE CITY -- Scott Earl, who has spearheaded the credit union fight with bankers over the past decade, resigned as president of the Utah League of CUs last week. Earl, president of the league since 1991, said he was has tired of the constant warring with the powerful bankers in the state. "You can only do battle for so long," he sad. "I've decided I've had it. My family and I can just take it for so long."
Earl, who has worked with the league for 22 years, took over just as Utah's credit unions became the target of a major lawsuit launched by the bankers over field of membership, and has been doing battle with the banks either in court or in the state legislature ever since. He led Utah's credit unions to a major victory by defeating the banker-backed tax legislation last year, but the credit union-bank wars have shown no sign of abating since then, he noted.
ULCU EVP Lynn Kuehne, will serve as interim president.
Help On The Home Front
WASHINGTON-The Senate passed a housing bill last week that creates an assistance program for first-time homebuyers, fixes a glitch in the FFHA hybrid loan program, and increases the FHA multifamily loan limit in high-cost areas. The bill authorizes the president's American Dream Downpayment Assistance program for low-income renters.