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Inside Washington (02/10/2011)
* WASHINGTON (2/11/11)--The Obama administration announced two key resignations related to banking and finance on Thursday. Kevin Warsh announced his resignation from the Federal Reserve Board of Governors to be effective March 31. Warsh, a member of the board since February 2006, submitted his letter of resignation to President Obama Thursday. Also, Bruce Witherell, chief operating officer (COO) of Freddie Mac, resigned from the company for “personal reasons.” Witherell, a former managing director at Morgan Stanley, was named COO in September 2009. His resignation is effective immediately (The Wall Street Journal Feb. 10) … * WASHINGTON (2/11/11)--The Federal Deposit Insurance Corp. (FDIC) announced the release of an updated and enhanced version of its instructor-led Money Smart financial education curriculum for young adults. The new curriculum incorporates changes in the law and industry practices that have occurred since Money Smart for Young Adults was launched in 2008. The updated curriculum reflects recent amendments to the rules pertaining to credit cards, the overdraft opt-in rule, and information on financing higher education. The program also includes many enhancements suggested by instructors who use Money Smart, such as expanded pre- and post-tests teachers can use to measure changes in student knowledge or as quiz questions. The program is the FDIC's financial education curriculum designed to help young consumers understand basic financial services, develop money-management skills and learn how to use banking services effectively. For more information, visit the Money Smart page on the FDIC’s website … *
Click to view larger image NCUA Board Member Michael E. Fryzel (sixth from right) at the newest branch of the Polish & Slavic FCU branch in Bridgeview, Ill. From left: Claudette Struzik and Norma Pinion, Bridgeview Village trustees; Irena Marchaj, Polish & Slavic's board treasurer; Agnieszka Poslednik; the credit union’s chief operating officer; Ron Culen, vice president/regional management, Illinois Credit Union League; Frank Spula, president, Polish American Congress; Mary Sandra Anzelmo, president, Polish American Congress, Illinois Division; Father Wac³aw Lech, Saint Camillus Parish; Stanis³aw Zagata, president, Polish Highlanders Alliance of America; Tadeusz Czajkowski, president, Alliance of Polish Clubs; and Magda Kobiela, chair of finance board, Polish Teachers Association in America. (National Credit Union Administration photo)
ALEXANDRIA, Va. (2/11/11)--National Credit Union Administration (NCUA) Board Member Michael E. Fryzel attended and spoke at the ground breaking ceremony of the newest Polish & Slavic FCU branch on Tuesday, Feb 8. The new branch, located in Bridgeview, Ill., is an expansion of the venture the credit union began last year with its branch openings in Mt. Prospect and Norridge, Ill. The credit union has served New York and New Jersey for more than 35 years. “I was pleased to attend the grand opening of the Mt. Prospect and Norridge, Ill. branches last year. The potential for continued success of the Polish & Slavic Federal Credit Union was significant then and it remains significant now,” Fryzel noted. “This new branch will continue to bring quality credit union service and the community involvement for which Polish & Slavic is known to an expanded geographical region. In just one year, the credit union has added over 2,500 Illinois residents to its membership rolls and over $40 million in deposits. I anticipate similar growth with the new Bridgeview location.” Polish & Slavic FCU is a $1.4 billion financial institution with 14 branches. Headquartered in Brooklyn, N.Y., the credit union has a recognized presence across the Polish American community …


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