Is Your Business A Century Old?If Yes, Then The Secretary of State Is Looking For You!Program Honors Vermont’s Centennial BusinessesMontpelier. Secretary of State Deb Markowitz has put out a call for nominations for the 2009 Vermont Centennial Business Awards. This program, a joint project of the Secretary of State’s office, the Vermont Chamber of Commerce, and the Vermont Business Magazine, honors businesses that have operated in Vermont for at least 100 years.Secretary Markowitz said, “Any business that has been in operation in Vermont for 100 years or more can participate in the awards program by filling out an application and providing verification of its business start date.” Vermont’s centennial businesses will be presented with a plaque at an awards ceremony in March.”It is important to recognize Vermont’s businesses for their longevity,” said Secretary Markowitz. “It takes a tremendous amount of dedication to keep a business active for 100 years. The Vermont Centennial Business Award acknowledges Vermont’s oldest businesses for enriching our economic heritage. This program deepens our understanding of how Vermont’s businesses have enhanced our community life during the last 100 years.”Deadline for applications is January 16, 2009. For more information about the awards program and to obtain an application, contact Ginny Colbert at 802-828-2148 or gcolbert@sec.state.vt.us(link sends e-mail) or visit the Vermont Centennial Business Awards page on the Secretary of State’s website: http://www.sec.state.vt.us/centennial_business.html(link is external)###
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Credit Union Facility Solutions: Fixed asset ruling
“The fixed asset ceiling does not allow our credit union to grow to our potential.” This statement has been expressed by some credit unions as they work to balance technology and branch and operations facility costs with growth opportunities.The National Credit Union Administration’s recent change to the fixed asset ceiling rule for federal credit unions, which becomes effective Oct. 2, aims to mitigate this problem. The new final rule:removes the 5 percent aggregate limit on federal credit union investment in “fixed assets,” understood as property and equipment that cannot be easily converted to cash; in place of the limit, NCUA will use the supervisory process to monitor a federal credit union’s level of fixed assets; andsimplifies the current fixed assets rule’s partial occupancy requirements for premises acquired for future expansion by establishing a single six-year time period for establishing partial occupancy, regardless of whether the property is improved or unimproved. The previous requirement to apply for a partial occupancy waiver within 30 months has been eliminated. Additionally, there is no regulatory deadline for full occupancy, just a requirement that the FCU plans to fully occupy the property within a reasonable time. Notably, FCUs may still apply to the NCUA Regional Director for a waiver from the six-year partial occupancy requirement. continue reading » 6SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr
UWF Cross Country Prepares for Opening Meet in North Carolina

