LAS VEGAS - (07/19/05) -- Just as outgoing NAFCU Chair DianeFurnas was preparing to adjourn an uneventful annual businessmeeting, one voting delegate brought up a sticky issue: the lack ofvolunteers in the national leadership of the credit union movement."Credit union volunteers are partners in this movement," saidMarlene Schwartz, a director at State Department FCU who had run,and lost, for the NAFCU board. "We, the volunteers, are what setscredit unions apart, yet we are not represented proportionately [inthe national leadership of the movement]." NAFCU is currently theonly major national trade association that has a volunteer on itsboard, but Schwartz was joined by several other directors whosuggested this isn't good enough and that neither NAFCU, CUNA norCUES has created an 'inclusive' environment for board members tocome to the helm of the movement's national leadership. Followingthe meeting, Schwartz said NAFCU's incoming chair, Summit FCU CEOMike Vadala, asked her to call him this week to discuss how NAFCUcan help ensure better representation of volunteers on itsboard.
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Firms like Brex and Ramp are adding new tech faster than legacy banks, according to payment experts.
October 13 -
The Office of Management and Budget issued reduction in force notices to Treasury staff working in the Community Development Financial Institution office Friday, saying that the layoffs are necessary to "implement the abolishment" of the fund.
October 10 -
Former City National CEO Kelly Coffey has a new venture in wealth management; Erin Siegfried is Northwest Bancshares' new chief legal counsel and corporate secretary; Flagstar Bank secures OCC approval to merge its holding company into the bank; and more in this week's banking news roundup.
October 10 -
The regional bank has launched a digital student banking center that's part of a broader strategy to focus on relationship-building.
October 10 -
The Consumer Financial Protection Bureau has announced job openings for attorney-advisors to represent the agency in defensive and appellate litigation.
October 10 -
An updated deposit insurance reform bill from Sens. Bill Hagerty, R-Tenn., and Angela Alsobrooks, D-Md., would raise deposit insurance for business accounts to $10 million, exclude the largest banks from coverage and insulate community banks from footing the bill.
October 10