FEDERAL WAY, Wash. - (06/28/05) Washington's credit unions have nowraised more than a half-million dollars in contributions toward acooperative advertising campaign in this state. The Washingtonleague reported that 19 credit unions have made contributions tothe campaign, which is being spearheaded by Washington StateEmployees Credit Union and the league. Reaching thissignificant milestone allows us to continue our promotion of sharedbranching. It also expands our campaign to include the credit uniondifference and how to join a credit union, said WCUL CEOJohn Annaloro. The campaign is to include TV advertisingwith both the ABC and CBS Seattle affiliates, including spotsduring Super Bowl XL and during the Children's Miracle NetworkTelethon.
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After passing the Federal Reserve's stress tests with high marks, large banks announced dividend increases. In some cases, they also said the Fed had conceded that certain prior calculations needed to be revised.
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A team of ex-First Republic private bankers hopes to serve entrepreneurs who once worked with Silicon Valley Bank.
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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.
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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.
July 1 - 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.
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The conviction of a fraud ring mastermind highlights growing risks in home equity lines of credit as equity-rich borrowers become prime targets.
July 1