Mich. Lawmakers Get CURIA Card
NORTHVILLE TOWNSHIP, MICH.- The Michigan CU League sent out "thank you" cards to all members of Michigan's Congressional delegation.
The cards thanked lawmakers for meeting with CU representatives during the recent Hike The Hill effort and urged them to become co-sponsors of the Credit Union Regulatory Improvement Act.
In addition to the card, a DVD containing the MCUL's 2007-2008 Credit Union Brand Campaign TV commercials was included in the lawmakers' packets.
CCUL, NCUL Award Scholarship
RANCHO CUCAMONGA, CALIF.- Helen Kim is the recipient of the first-ever Kelly J. Purcell Credit Union Memorial Scholarship, named in honor of the California and Nevada Credit Union Leagues' former director of federal government affairs.
Kim is a graduate student at the George Washington University Graduate School for Political Management, where Purcell received her master's degree.
In October 2006, the California and Nevada Credit Union Leagues, member credit unions, and affiliates announced the creation of the scholarship endowment in memory of Purcell.
NCUA-FinCEN BSA Seminar Online
ALEXANDRIA, VA.- The "BSA: A Year in Review and Setting the Table for 2007" web seminar, co-hosted by NCUA Chairman JoAnn Johnson and FinCEN Associate Director of Regulatory Policy and Programs Division Jamal El-Hind is available online for viewing at the following address: http://w.on24.com/r.htm?e=35893&s=1&k=0ACF004DEB5D9609293367A4366E9766
The one-hour Webinar provided registered participants from the credit union industry an opportunity to hear directly from NCUA and FinCEN about BSA compliance issues.
Canadian Centrals Plan Merger
VANCOUVER, B.C.-Two of this country's provincial-based credit union centrals are making plans to merge and create a new company to serve credit unions across Canada. Credit Union Central of British Columbia is moving forward with a plan to acquire Toronto-based Credit Union Central of Ontario, with a vote scheduled for mid-June and, if approved, the deal is to close by September. According to the two parties, which have a combined (C) $7.4 billion in assets, a regulatory change is still needed in Ontario before Ontario's CUs can begin placing funds in the Vancouver-based central credit union. BC Central must also change its own bylaws to permit Ontario CUs to become participating members and reorganize its capital structure as a result. If approved, new shares will be issued in proportion to provincial credit union assetsˆOntario's CUs are to get 31% of voting shares, while BC CUs would hold 69%. Once completed the merged entity is likely to unveil a new name, the centrals said. The centrals provide liquidity, lending, investments and payment and settlement services, along with the "MemberDirect" online service.
