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Credit Union National Association

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NEW: NCUA OKs $25M budget increase for 2011
NCUA to create 'loan loss' resolution tool
Georgia members' holiday spending plans reflect consumer trends
CUs, MBL lift backed again in online pub Frum Forum
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ALEXANDRIA, Va. (11/18/10, UPDATED 11 a.m. ET)The National Credit Union Administration (NCUA) this morning approved a $25 million increase for its 2011 budget and said $750,000 will be dedicated to bolster examination and supervisory programs.

Saying it was "taking a page" from the Federal Deposit Insurance Corp.'s recent action plan to increase available tools to resolve large, complex financial institutions, the National Credit Union Administration Wednesday announced its own Loss Share Program.

When it comes to holiday spending, it looks like it's going to be the "same old, same old" in Georgia this year, with about half of the state's credit union members indicating they will spend about what they did last year.

Congress should enact member business lending cap lift legislation "without delay" if that body "wants to show it's serious about getting the economy moving again," columnist Eli Lehrer wrote in a recently published Frum Forum online editorial.

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