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The Golden 1 CU, Sacramento, takes mega-banks to task with billboard ad campaign. Wed NN.
THe U.S. House Majority Leader has announced there are no votes expected in the House this week.
Vote for 2010 ICU Day Theme. http://www.cuna.org/icuday
The federal government is closed today due to continuing snow. CUNA's Washington office is closed. Its Madison, Wis., office remains open.
CUNA quoted in Wash. Post article on CU biz lending, "Credit unions seek larger share of business loans" http://tinyurl.com/yhtz33z
NEW: $250K NCUSIF coverage now effective
WASHINGTON (10/3/08, UPDATE 3:30 p.m. ET)--Today's passage of the Emergency Economic Stabilization Act of 2008 will require the National Credit Union Administration (NCUA) to immediately increase share insurance protection to $250,000 on all types of accounts until Dec. 31, 2009.
President George W. Bush this afternoon signed the economic rescue package passed by the House today.
NCUA said it is reviewing all share insurance coverage materials included on the Internet Share Insurance Tool Kit, such as the "Your Insured Funds" brochure and print advertisement, to make needed revisions.
Revised documents reflecting $250,000 coverage will be posted to the NCUA website as soon as possible, according to the agency.
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