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The key implication of the Supreme Court’s field of membership decision

first_img continue reading » The U.S. Supreme Court’s decision not to hear American Bankers Association v. National Credit Union Administration is a huge win for credit unions. It not only means that credit unions will be able to help more Americans through expanded fields of membership, but also could embolden the National Credit Union Administration to take steps to advance credit unions that they might have otherwise shied from.Instead of formal rules that prevent credit union expansion, credit unions will now face a different obstacle: demonstrating their ability and intent to serve larger markets.Despite Jim Nussle’s recent argument, NCUA is not going to eliminate or effectively eliminate field of membership anytime soon. Rightly or wrongly, doing so could jeopardize credit unions’ tax-exempt status—an unnecessary risk. Instead, NCUA’s new field of membership rule offers something better. It provides room for long-term continued growth and bolsters credit unions’ tax-exempt status by stipulating that the largest fields of membership require a greater commitment to a mission of meeting the credit and savings needs of persons of modest means.The Supreme Court’s decision not to hear the case leaves the vast majority of NCUA’s 2016 field of membership modernization rule, which the ABA challenged before it was even implemented in early 2017, intact. The case was first decided largely in ABA’s favor by Judge Dabney L. Friedrich of the U.S. District Court for the District of Columbia. Friedrich found that two key provisions contained in the rule exceeded the regulator’s statutory authority: ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img read more

Wellington High School class leaders selected at 1st annual Leadership Banquet

first_imgWellington class winners at Leadership banquetSumner Newscow report — Recently, the Wellington High School Leadership Group under the direction of Karla Defore held a banquet at the Wellington High School commons to celebrate a big year in leadership events. The awards banquet was the first of its kind. One of the awards were the peer-selected leader of the year for each three grades. The winners of these awards were: McKenna Oathout, sophomore; Mikayla Bradbury, a junior; and Holly Wright, a senior. The girls are from left to right in the picture above.The banquet also included awards for character and personality traits for each student and what they saw in the other. Each person spoke in front of an audience providing details and a unique award for that person. Then the person receiving the award would give a speech and a unique award to someone else in a chain-link matter.Follow us on Twitter. Close Forgot password? Please put in your email: Send me my password! Close message Login This blog post All blog posts Subscribe to this blog post’s comments through… RSS Feed Subscribe via email Subscribe Subscribe to this blog’s comments through… RSS Feed Subscribe via email Subscribe Follow the discussion Comments (2) Logging you in… Close Login to IntenseDebate Or create an account Username or Email: Password: Forgot login? Cancel Login Close WordPress.com Username or Email: Password: Lost your password? Cancel Login Dashboard | Edit profile | Logout Logged in as Admin Options Disable comments for this page Save Settings Sort by: Date Rating Last Activity Loading comments… You are about to flag this comment as being inappropriate. Please explain why you are flagging this comment in the text box below and submit your report. The blog admin will be notified. Thank you for your input. 0 Vote up Vote down Redress · 326 weeks ago congratulations girls Report Reply 0 replies · active 326 weeks ago 0 Vote up Vote down whsfan · 326 weeks ago Great Job!! Report Reply 0 replies · active 326 weeks ago Post a new comment Enter text right here! Comment as a Guest, or login: Login to IntenseDebate Login to WordPress.com Login to Twitter Go back Tweet this comment Connected as (Logout) Email (optional) Not displayed publicly. Name Email Website (optional) Displayed next to your comments. Not displayed publicly. If you have a website, link to it here. Posting anonymously. Tweet this comment Submit Comment Subscribe to None Replies All new comments Comments by IntenseDebate Enter text right here! Reply as a Guest, or login: Login to IntenseDebate Login to WordPress.com Login to Twitter Go back Tweet this comment Connected as (Logout) Email (optional) Not displayed publicly. Name Email Website (optional) Displayed next to your comments. Not displayed publicly. If you have a website, link to it here. Posting anonymously. Tweet this comment Cancel Submit Comment Subscribe to None Replies All new commentslast_img read more