7SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr NCUA headquarters The NCUA has given credit unions a rare opportunity to let the regulator know what they think about its plans for the system’s money.The NCUA proposes to merge the Temporary Corporate Credit Union Stabilization Fund into the National Credit Union Share Insurance Fund and is accepting comments through Tuesday, Sept. 5.Although the merger idea on the surface is a good one, the devil is in the details.The regulator proposes to hold back from credit unions perhaps $1.8 billion of the $2.2 billion to $2.4 billion the corporate bailout fund would be worth at that point.NCUA staff says that would be prudent, protecting the share fund against the liabilities it would take on from the corporate credit union bailout fund. continue reading »
Greensburg, In. — Milan native, bluegrass singer, entertainer and founding member of the highly-influential Boys From Indiana has died. Reports indicate he suffered a stroke earlier this year and was in a medical facility in Greensburg.Throughout the run of the Boys From Indiana, Aubrey Holt was among the most recognized and admired vocalists in bluegrass. From the 1970s until the early ’90s, The Boys were staples at bluegrass events in the central US with more than a dozen popular recordings on King, Old Heritage, and Rebel Records. Other prominent members had included Holt’s uncle Harley Gabbard on banjo, Paul “Moon” Mullins on fiddle, Noah Crase on banjo, and Jerry Holt on bass.In 2014 Holt was inducted into the Society for the Preservation of Bluegrass Music of America Hall of Greats.
Batesville, In. — Memorial Day, originally called Decoration Day, is a day of remembrance for those who have died in military service for the United States.Many cities have laid claim to have begun Memorial Day, though President Lyndon Johnson officially declared Waterloo N.Y. as the birthplace of Memorial Day in May 1966.While there is some dispute as to the origin of the day, the first was observed on May 30, 1868, under proclamation by General John Logan, national commander of the Grand Army of the Republic. The first official observation involved placing flowers on the graves of Union and Confederate soldiers at Arlington National Cemetery.By 1890, it was recognized by all of the northern states. The South refused to acknowledge the day, honoring their dead on separate days until after World War I (when the holiday changed from honoring just those who died fighting in the Civil War to honoring Americans who died fighting in any war).Memorial Day was celebrated on May 30 up to 1971 when the National Holiday Act of 1971, designated the last Monday in May to be Memorial Day.