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Interest Rates- US: H15 -0.36 2011-07-07 FRB Market yield on U.S. Treasury securities at 5-year constant maturity, quoted on investment basis, inflation-indexed
- US: H15 0.07 2011-07-07 FRB Federal funds effective rate
- US: H15 0.10 2011-07-07 FRB 30-Day AA Nonfinancial Commercial Paper Interest Rate
- US: H15 1.14 2011-07-07 FRB Rate paid by fixed-rate payer on an interest rate swap with maturity of three year.
- US: H15 0.12 2011-07-07 FRB 60-Day AA Nonfinancial Commercial Paper Interest Rate
- Trade (FTC)
- FTC Enhances Longstanding Regulatory Review Program to Increase Public Participation and Reduce Burden on BusinessThe Federal Trade Commission today told Congress it is taking steps to enhance the agency’s longstanding program to review rules and guides, which will promote greater efficiency, transparency, and public participation. The FTC announced several initiatives to ensure its regulations are up-to-date, effective, and not overly burdensome, including: updating it […]
- FTC Enhances Longstanding Regulatory Review Program to Increase Public Participation and Reduce Burden on Business
- Commerce News
- NTIA to Host International Symposium on Advanced Radio TechnologiesNTIA will host the 12th Annual International Symposium on Advanced Radio Technologies (ISART) on July 27-29, 2011 in Boulder, Colorado. This year's conference will focus on developing policies and processes to maximize the efficient use of spectrum resources, with particular attention on radar bands and technologies. ISART is an annual conference that b […]
- NTIA to Host International Symposium on Advanced Radio Technologies
- Small Business News
- The Small Business Advocate – July 2011read more […]
- The Small Business Advocate – July 2011
- Monetary Policy
- Federal Reserve and other central banks announce an extension of the existing temporary U.S. dollar liquidity swap arrangements through August 1, 2012
- FOMC will release June 21-22 meeting minutes on July 12, 2011
- Federal Reserve Board and FOMC release economic projections from the June 21-22 FOMC meeting
- Cost Estimates
- S.J. Res. 20, A joint resolution authorizing the limited use of United States Armed Forces in support of the NATO mission in LibyaCost estimate for the bill as reported by the Senate Committee on Foreign Relations on June 29, 2011 […]
- H.R. 1938, North American-Made Energy Security ActCost estimate for the bill as ordered reported by the House Committee on Energy and Commerce on June 23, 2011 […]
- H.R. 1082, Small Business Capital Access and Job Preservation ActCost estimate for the bill as ordered reported by the House Committee on Financial Services on june 22, 2011 […]
- S.J. Res. 20, A joint resolution authorizing the limited use of United States Armed Forces in support of the NATO mission in Libya
- Banking
- Office of the Comptroller of the Currency Hosts Workshop in MilwaukeeThe Office of the Comptroller of the Currency will host a workshop for directors of nationally chartered community banks and federal savings associations Milwaukee at the Hyatt Regency Milwaukee, September 8, 2011. […]
- Office of the Comptroller of the Currency Hosts Workshop in Milwaukee
United Federal Credit Union
ALEXANDRIA, Va. (July 1, 2011) – National Credit Union Administration Board Member Michael E. Fryzel visited United Federal Credit Union in Saint Joseph, Mich., this week where he met with the credit union’s CEO, Gary Easterling, several Board Members and key staff to discuss current industry happenings and provide NCUA perspectives.
In addition to meeting with key staff, Mr. Fryzel had the opportunity to tour the surrounding community where he saw firsthand how the credit union has aided in helping St. Joseph grow and expand its infrastructure through its Member Business Loan program.
“Despite the poor economic conditions in Michigan, UFCU has seen positive growth in shares, loans, and membership for four years running,” said Fryzel. “I’m particularly pleased to see their active promotion and success with business lending, which diversifies their portfolio, and their outreach within their community. Credit unions, through their member-owned philosophy, serve an important role in the financial strength of communities everywhere. UFCU has not shied away from such responsibility to its members by participation in community events and organizations, scholarship programs and a profound interest in the business community.”
Pictured (left to right): Honor Credit Union CEO Scott McFarland, UFCU board member Roger Kluge, UFCU President/CEO Gary Easterling, NCUA board member Mike Fryzel, UFCU COO Duane Nelson, UFCU Chairman, J.B. Hoyt and UFCU board member Jim Rothfuchs.
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NCUA Media Release – Continued
Fryzel visits UFCU
“Protecting credit unions and the consumers who own them through effective regulation”
UFCU’s business loans have grown from $12.3 million in 2007 to $50.1 million last quarter.
“UFCU joins other Michigan credit unions diligently helping move from recession to recovery. Together, they have surpassed the national average in consumer penetration and savings growth, an impressive feat in today’s rough economy,” he said.
Well-capitalized, UFCU is the second largest federal credit union in Michigan. It was originally chartered to serve employees of the Whirlpool Corporation in Michigan, Kentucky, Ohio, and Tennessee, expanding their membership over the years. Today, the credit union serves more than 104,000 members and holds more than $1.2 billion in assets.
Joining Fryzel and Easterling in the discussions were: Greg Vaughn, chief operating officer (COO) of Cornerstone Alliance (CA), Steve Downs, UFCU director of business services, Bob Jones, CA resource development coordinator, J.B. Hoyt, UFCU Board Chairman, Duane Nelson, UFCU COO, Mark Weber, UFCU Vice President national sales and service, Mike Griffin, UFCU business services manager, Mike Hildebrand, Vice Chairman, Jim Rothfuchs, Treasurer, Roger Kluge, Director, Cindy Swigert, chief human resources officer, Tim Gray, VP, Finance, and Scott McFarland, CEO, Honor Credit Union.