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Inside Washington (12/14/2009)
* WASHINGTON (12/15/09)--National Credit Union Administration (NCUA) Board Member Michael Fryzel met with Illinois credit unions Dec. 7 in Springfield, Ill. He visited Heartland CU, Springfield, where he met with President/CEO Ed Gvazdinskas; Keith Sias, director of state and governmental affairs for the Illinois Credit Union League; and other league officials. Fryzel then addressed a group of Illinois credit union representatives at a league event. “Having a clear understanding of the challenges consumers are facing aids in the decision-making process as we work with credit unions throughout these difficult times,” Fryzel said. Pictured are (from left): Steve Olson, Illinois league executive vice president, general counsel and chief operating officer; Fryzel; and league President/CEO Dan Plauda during a luncheon with Sangamon Valley Chapter credit union managers after Fryzel's tour of Heartland CU. Heartland CU has $180 million in assets. (Photo provided by the Illinois Credit Union League) ... * WASHINGTON (12/15/09)--Federal Deposit Insurance Corp. (FDIC) Chairman Sheila Bair said Friday that her agency at first hesitated to provide federal aid for Bank of America Corp.’s takeover of Merrill Lynch (American Banker Dec. 14). The FDIC raised questions about whether assistance was necessary, she said. The agency later consented when the Federal Reserve Board expressed concerns that BoA posed a systemic risk. The FDIC agreed to help BoA Jan. 16 ...


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