MADISON, Wis. - (11/25/04) -- State regulators said they haveapproved two new credit union charters, the first in the statesince 1993, Susan Cowan, director of the state's Office of CUs,told The Credit Union Journal Wednesday. CTK CU, is sponsored byChrist The King Baptist Church in Milwaukee and will serve about565,000 residents of the church's outreach area. Two local creditunions, Educators CU and Guardian CU, will serve as mentors for thenew charter. Also granted a charter was Star CU in Madison, whichwill serve members of the city's boys and girls clubs and employeesof Summit CU and CUNA CU, which helped sponsor the new creditunion.
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Two former members of the Federal Open Market Committee said in interviews that they expect the Federal Reserve to keep rates steady amid uncertainty over the ongoing war with Iran and the resulting upward pressure on inflation.
March 27 -
Goldman Sachs Chief Legal Officer Kathryn Ruemmler received an 11% pay hike last year, bringing her total compensation to $25 million; U.S. Bank promoted Toby Clements to chief operations officer; Klarna is expanding its forward-flow and whole-loan sale deal with Elliot Investment Management to $2 billion; and more in this week's banking news roundup.
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Carter Bankshares in Martinsville, Va., sold more than $200 million of loans made to companies controlled by Sen. Jim Justice and his family, closing out a once close relationship that later descended into rancor and litigation.
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The Federal Deposit Insurance Corp.'s Office of Inspector General said in a Thursday report that staffing cuts over the past year could strain supervision and the agency's response to a crisis.
March 27 -
The latest rise in property tax collections at the end of last year continued a nine-quarter streak of increases, according to the National Association of Home Builders.
March 27 -
American Banker data finds that regulatory clarity is the top ask from executives holding back on adoption planning.
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