ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr Amendments to the NCUA’s chartering and field-of-membership rules go into effect Oct. 14, NCUA Chairman Rodney Hood wrote in a letter to federal credit unions (20-FCU-03). These changes will allow a credit union applying for NCUA approval of a community charter, expansion, or conversion to designate a Combined Statistical Area (CSA) or an individual, contiguous portion of a CSA as a well-defined local community (WDLC) if the area has a population of 2.5 million or less.Beginning Oct. 14, 2020, prospective and existing federal credit unions seeking a community charter may use a CSA or portions of a CSA (within certain limitations, as defined in the rule) as a basis for defining their proposed service area without documenting how a CSA’s residents interact or share common interests.The rule also clarifies that an applicant credit union must provide the NCUA with the business rationale used to define a CSA or Core-Based Statistical Area (CBSA) if the defined area does not include an area’s largest county or named city. continue reading »
Map of Cuba. Photo credit: infoplease.comHAVANA, Cuba — The Cuban Ministry of Foreign Affairs has issued an official declaration strongly condemning recent sanctions imposed by the government of the United States against Venezuela’s state oil company, PDVSA.The declaration, published by Juventud Rebelde newspaper on Sunday, read: “Cuba’s government and people express their solidarity with President Hugo Chavez and with the Venezuelan people, and fully support a resolution passed by the National Assembly of Venezuela on this issue.”The declaration claimed that, with these sanctions, the United States has violated international law and implemented unilateral and extraterritorial regulations.The note from the Cuban Ministry of Foreign Affairs added that the economic aspect of these punitive measures is not the essential issue but the risk that, with this decision, Washington might be trying to provoke new conflicts in the region as part of its efforts to divide Latin America and the Caribbean.“By attacking Venezuela, you’re also attacking Cuba,” the text noted.PDVSA is one of seven companies penalized by the US for providing gasoline and other refined petroleum products to Iran in violation of a US law that aims to pressure Tehran into dropping its nuclear program. The State Department said PDVSA supplied Iran with “at least two cargoes” of a blending component used to improve gasoline.The sanctions bar PDVSA from seeking US government contracts, obtaining US export licenses, and from obtaining financing from the Export-Import Bank of the US, but leave untouched the flow of an estimated 1.2 million barrels a day of Venezuelan crude oil to the US.PDVSA’s refining business in the US, represented mainly by Citgo Petroleum, will also be unaffected.Caribbean News Now Sharing is caring! Share Share NewsRegional Cuba condemns US sanctions against Venezuelan state oil company by: – May 31, 2011 Tweet 39 Views no discussions Share
Brad Stevens, who became a famous coach by taking the Butler Bulldogs to two NCAA finals, is now the head coach of the Boston Celtics. I was skeptical about whether he could make the transition to the pro ranks because of his mild-mannered appearance as a college coach. His fierce competitiveness has brought the Celtics back to the forefront; however, his team lost in the Eastern finals to the Cavaliers this year.The Celtics are predicted to dominate the Eastern Conference the next few years because they have many first-round draft picks. Danny Ainge, their general manager, has made some schrewd trades to stockpile all of these top draft picks. With Brad Stevens leading the team and a core of young players, they will challenge Cleveland and LeBron James next year. I am not a pro fan per se, but I am a Brad Stevens backer.