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Conference 7.286::dcu

Title:DCU
Notice:1996 BoD Election results in 1004
Moderator:CPEEDY::BRADLEY
Created:Sat Feb 07 1987
Last Modified:Fri Jun 06 1997
Last Successful Update:Fri Jun 06 1997
Number of topics:1041
Total number of notes:18759

968.0. "11/27/95 DCU BoD Meeting Discussion" by ROWLET::AINSLEY (Less than 150 kts. is TOO slow!) Mon Jan 22 1996 08:00

    This topic is for discussion of the 11/27/95 BoD meeting whose minutes
    are posted in 2.57.
    
    Bob
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968.1ROWLET::AINSLEYLess than 150 kts. is TOO slow!Mon Jan 22 1996 08:164
    It's great to see that Chris Fillmore-Gillett abstained from the loan
    policy changes vote and even better to see a reason for his abstention.
    
    Bob
968.2BSS::JILSONCOSROCS -- In Thrust We TrustMon Jan 22 1996 10:031
What are the policies that Paul K. wants to turn into bylaws?
968.3Member's bill of rightsSLOAN::HOMMon Jan 22 1996 10:4010
Not all the proposed bylaw changes that Paul, et. al wanted to
implement 2 or 3  years ago were approved by the NCUA -  Policies such
as limiting Director's term to 6 years, easier access by 
BOD candidates to members, etc..

While these are DCU policy, they are not in the bylaws. 

Gim


968.4duhFBEDEV::KYZIVATPaul KyzivatMon Jan 22 1996 17:485
> *  In the first vote, correct the spelling of "XXXXXXXXX".

What is the correct spelling of "XXXXXXXXX"?

	Paul
968.5ROWLET::AINSLEYLess than 150 kts. is TOO slow!Tue Jan 23 1996 08:165
    re: .4
    
    I love it!
    
    Bob
968.6MOLAR::DELBALSOI (spade) my (dogface)Tue Jan 23 1996 10:196
re: "Removal of age limitation on vehicle loans"

Does this mean that the DCU may be instituting a vehicle loan program
that will lend funding for vehicles over 10 years old?


968.7In some casesCADSYS::RITCHIEElaine Kokernak Ritchie, 225-4199Tue Jan 23 1996 11:5911
Some cars hold their value, even when they are 10 or 11 years old.

Previously, the loan officers were prevented from writing a loan if the vehicle
would be more than 10 years old when the loan was scheduled to be paid off.

This does not mean they will approve loans for old 15 year old beaters.  It just
give them the discretion to grant a loan for a vehicle that is worth something.

Does that help?

Elaine
968.8MOLAR::DELBALSOI (spade) my (dogface)Tue Jan 23 1996 12:292
Yes, thanks, Elaine.

968.9airplane loans?VMSSG::FRIEDRICHSAsk me about Young EaglesTue Jan 23 1996 16:058
    Does this mean they also have discretion to loan on private aircraft? 
    Unlike cars, most private airplanes are 20 or more years old.  Someone
    once told me that DCU would not make loans for airplanes, and I assumed
    it was because of the age...
    
    Thanks,
    jeff