Sept. 8-9, members of the union from Sherwin Electric and Central Vermont Public Service journeyed to Athens, Vt., to volunteer for ABC-TVs Extreme Makeover: Home Edition. The award-winning program was in the small Windham County town all week refurbishing the home of the Vitale Family. IBEW electricians worked hand-in-hand with a crew led by Brandon-based general contractor the McKernon Group.”We interacted very well with the whole team down there,” said Sherwin Electric’s Marcel Cote. “It was impressive to see the amount of work that goes into a project like this. Without a doubt, our folks were honored to assist a Vermont family in need.”Sarah and Lou Vitale have two young sons, Kane and Louie Angelo Jr. Louie was diagnosed with multiple birth defects, including Arthogryposis, club feet, and skeletal displasia. Their home’s weak foundation was in immediate danger of collapsing. On stormy days, flooded hallways made the residence virtually impassable for emergency medical technicians.”The IBEW is all about helping people improve their lives. Given that commitment, it was a no-brainer for us to get involved with this touching project,” said Local 300 Business Manager George Clain. “Hopefully, the Vitales will now rest easier knowing their family resides in a safe, handicap accessible home. Our organization was thrilled to play a role in that.”Extreme Makeover: Home Edition is broadcast every Sunday at 8 p.m. on ABC. Hosted by popular television personality Ty Pennington, the show travels the country rebuilding homes of deserving families. The Vitale effort will air during the 2007-2008 season.Based in South Burlington, the IBEW Local 300 serves 1,200-plus laborers throughout Vermont. The organization is part of the International Brotherhood of Electrical Workers (IBEW), which is headquartered in Washington, D.C., and represents approximately 750,000 members who work in a wide variety of fields, including utilities, construction, telecommunications, broadcasting, manufacturing, railroads and government. The IBEW has members in both the United States and Canada and stands out among the American unions in the AFL-CIO because of its size and highly skilled constituency.For more information, contact Marketing and Business Development Director Matt Lash at (802) 864-5864, [email protected](link sends e-mail) or www.ibewlocal300.org(link is external).”Extreme Makeover: Home Edition,” which has won back-to-back Emmy Awards as Best Reality Program (non-competitive), is entering its 5th season on ABC. The program is produced by Endemol USA, a division of Endemol Holding. Denise Cramsey is the executive producer; and David Goldberg is the president of Endemol USA.
ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr by: Brandy BruyereDuring its Thursday, June 18th meeting, the NCUA Board issued a proposal to amend the Member Business Loan (MBL) rule which aims to provide regulatory relief from some of the more prescriptive underwriting requirements in the rule. This marks the first time in twelve years that NCUA is considering comprehensive changes to this rule, and could have a significant impact on credit unions’ ability to make MBLs. Today I’ll just provide a high-level overview of the proposal, and NAFCU’s Regulatory Affairs team will blog on some of the finer details of this proposal in a series of blogs once the proposal is formally published in the Federal Register.Just as a brief reminder, the MBL rule (Part 723) contains specific requirements and is not nearly as flexible as NCUA’s general lending rule (section 701.21) in terms of underwriting standards. Here are a few of the current MBL requirements:Collateral and security requirements including limits on the loan-to-value ratio, a general requirement that the business’ principals provide a personal guarantee, and limits on unsecured business loans continue reading »