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Archive - Dec 2, 2012 - News Article

CREDIT UNION SEIZED

December 2, 2012

DERBY LINE - Federal and state officials have seized the inventory, assets and accounts of a credit union operated out of a home in Derby Line.
Investigators remain tight-lipped on why they seized Border Lodge Credit Union and how they discovered a problem. However, the Credit Union Times (CU Times), an industry publication, reports that the entity was experiencing higher delinquencies recently as well as decreasing protective measures on loan losses.

NCU Teachers Contract Close

December 2, 2012

NEWPORT, VT - The North Country Union High School Board met briefly Thursday and touched on several subjects of interest, notably that negotiations for a new teachers' contract had been concluded with attorneys for both sides reviewing the document.
Superintendent Robert Kern said an earlier agreement had been reached but a last second objection over the interpretation of some language in the contract proposal sent the matter back to the negotiating table.
Dr. Kern said the major issue was language regarding early retirement and insurance benefits.

Illuzzi ponders a new path: FROM LAWMAKER TO LOBBYIST

December 2, 2012

DERBY – State Senator Vince Illuzzi might be out of the political game, at least for now, but apparently he will continue to serve Vermonters.
Illuzzi, who served the people of Orleans and Essex Counties, decided not to seek re-election for the senate but instead ran unsuccessfully against Doug Hoffer for state auditor. Now Illuzzi is considering acting as a lobbyist.
During an interview Sunday, Illuzzi said three organizations offered him a contract to do part-time lobbying. After 32 years of being in the state senate, it would be nice to stay involved in some capacity, he said.

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