By Christian Mullins
Executive Summary:
Gary B. Wolter has announced his plans to retire from the Alabama Credit Union League after serving 42 years as their CEO, a position he has held since age 27. Wolter began his career at the ACUL as a field representative in 1962, accepting the CEO position in 1966. At the time, he was the youngest League CEO in the United States.
New York State Credit Unions are lobbying for the ability to accept deposits from local and state government units, something only available to commercial banks at this time. The law governing these deposits was enacted in 1909, before any credit unions were established in the state. Three pieces of legislation are currently being considered that would loosen the regulations, with other non-commercial banks eligible to accept the deposits as well.
Robbed:
- Nothing to report today.
Arrested, Arraigned, Charged, Sentenced:
- Nothing to report today.
