Champlain College names endowed chair for Perry

first_imgChamplain names endowed chair for PerryChamplain College trustees have announced the creation of the College’s first endowed chair, naming it in honor of retiring President Roger Perry. The Board of Trustees voted to create this $1 million academic fund, The Doctor Roger H Perry Endowed Chair, as part of the College’s successful Power of Three Capital Campaign.The news came at the Annual Meeting of the Board of Trustees on October 22, when Champlain College trustees announced the Power of Three campaign has already raised $15 million, exceeding its $12 million goal a full year before the official close of the campaign.Trustees and friends of Champlain College have been quietly raising funds for this special honor for President Perry, and they surprised him with the news at the Annual Meeting. They have already funded $800,000 toward the $1 million goal for the endowed chair.Before retiring in June 2005, Perry will choose the academic focus of the endowed chair. Perry has served as president of Champlain College for nearly 13 years.last_img read more

NAFCU at hearings on Fed policy, FHA oversight, patents

first_img 3SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr NAFCU will be on Capitol Hill this week monitoring hearings on Federal Reserve monetary policy, Federal Housing Administration oversight and patent reform.Tomorrow, Fed Chair Janet Yellen testifies before the Senate Banking Committee, detailing the Fed’s Semiannual Monetary Policy Report. Yellen will discuss the same report before the House Financial Services Committee Wednesday.This will be Yellen’s first time before the Senate Banking Committee since leadership shifted to Republicans. Both the Senate Banking and House Financial Services hearings with the Fed chair are expected to draw questions from lawmakers about the Fed’s policies, including a timeline for raising interest rates. The Fed so far has maintained it can be “patient” on interest rates and has said it will maintain its existing policy of reinvesting its principle payments from agency debt and rolling over maturing Treasury securities at auction.On Wednesday, Small Business Administration Administrator Maria Contreras-Sweet will testify on the agency’s budget before the House Small Business Committee, and discuss whether the budget meets the needs of small businesses. continue reading »last_img read more

House votes to let more mortgages count as QMs

first_imgThe U.S. House approved a bill Wednesday that would allow credit unions and other lenders to treat mortgages held in portfolio as qualified mortgages (QM) for purposes of the Consumer Financial Protection Bureau’s (CFPB) mortgage lending rules. The vote was 255-174.CUNA supports the bill, The Portfolio Lending and Mortgage Access Act (H.R. 1210). CUNA President/CEO Jim Nussle contacted House lawmakers earlier this week encouraging them to approve the legislation that would help reduce operational barriers for credit unions.CUNA maintains that when a credit union is willing to hold a loan in its portfolio, thereby having “skin in the game,” there should be the presumption that the loans is as worthy as a standard QM loan even if it might not meet all of the technical requirements.Mortgage lending, CUNA has noted in support of the bill, is a key service that credit unions provide, and enactment of H.R. 1210 would bring meaningful regulatory relief, allowing credit unions to more fully serve their members. continue reading » 17SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img read more

Police: Drug Bust Nets 9 Arrests, Quantity Of Meth

first_imgThe Greensburg Police Department received tips from concerned citizens that led to separate investigations and nine arrests.Police Chief Stacey Chasteen said the department received information regarding a methampethamine operation in a wooded area located in the 500 block of West Main Street. After weeks of surveillance, two individuals were taken into custody on Wednesday night.37-year-old Christopher Imel and 28-year-old Everette Ruble, both of Greensburg, were arrested and booked into the Decatur County Jail under suspicion of dealing methamphetamines.On Wednesday night, detectives from the Greensburg Police Department and Indiana State Police conducted an undercover investigation that led to the purchase of numerous quantities of crystal methamphetamines, the police chief said.Nathan Shafer, 41, and Tracy Faris, 41, both of Greensburg, were arrested. Shafer is accused of dealing methamphetmamines over 3 grams, and Faris is facing charges for allegedly dealing and possession of the drug.Police say the undercover sting led to a search warrant at the home of Faris in the 600 block of W. Park Road in Greensburg.“Inside that residence was located an additional quantity of methamphetamines as well as the materials used for packaging of methamphetamines for distribution,” Chasteen said.Four individuals were arrested for visiting a common nuisance, Chasteen added.“The total amount of methamphetamines recovered from the operation conducted during the evening hours of May 28, was sufficient for numerous dosage units to be distributed throughout Greensburg, Decatur County,” indicated Chasteen.On Friday morning, Margaret Sherman, 40, was apprehended by patrol officers as a result of her alleged participation in arranging the dealing of methamphetamines.“The Greensburg Police Department would like to express its gratitude to members of the public for their continued support and information, which led to the successful completion of this investigation,” Chasteen said.last_img read more