Hoosier Banker 39 Paula Henico, senior teller, Bloomfield, MutualBank, Muncie, will be celebrating 35 years of service in August. Kimberly Wrenn, relationship banker, Warsaw, MutualBank, Muncie, will be celebrating 20 years of service in August. Anita Gingerich, senior teller, Lyons, MutualBank, Muncie, has celebrated 20 years of service. HB Note: This article first appeared in American Banker on June 7. bureaucratic obstacles and roadblocks to credit union conversions and mergers that make it more difficult for a bank to acquire a credit union than vice versa. No wonder the credit union industry has begun to feel the heat from members of Congress and the courts over its taxpayer-fueled expansion. Following the concerns raised last year by former Senate Finance Committee Chairman Orrin Hatch, the tax William Mark Norman, president/CEO of The Peoples Bank, Brownstown, has completed 40 years of service. He joined the bank in 1979, was elected to the board of directors in 2000 and was named president in 2005. Tanya Jones, commercial banking specialist, Bloomfield, MutualBank, Muncie, has celebrated 20 years of service. Chrystal Kreiger, financial center manager, Fort Wayne, MutualBank, Muncie, will be celebrating 20 years of service in August. Preston Tollett, consumer lending manager, MutualBank, Muncie, will be celebrating 20 years of service in August. ANNIVERSARY MILESTONES A salute to bankers with 20+ years of service Representatives of the Indiana Bankers Association and member banks gather to present a donation to ICBPAC, the political action committee of the Independent Community Bankers of America. The check presentation was made at the ICBA Capital Summit in Washington, DC. Shown from left are: Dax Denton, IBA; Bill Harrod, First Harrison Bank, Corydon; Lucas White, The Fountain Trust Company, Covington; Sherri Reagin, North Salem State Bank; Rebeca Romero Rainey, ICBA; Amber Van Til, IBA; Ryan Warner, Bippus State Bank, Huntington; Mike Head, First Federal Savings Bank, Evansville; Andrew Briggs, Farmers & Merchants State Bank, Archbold, Ohio; and Neil Dauby and Mark Schroeder, German American Bank, Jasper. IBA Donates to ICBPAC exemption established by Congress decades ago for people of modest means with a “common bond” appears to be increasingly under fire. Even executives at smaller credit unions are wondering whether the exemption makes sense for the largest and most growth-oriented members of their industry. The current rash of mergers is yet another indicator that tax-exempt credit unions have become virtually indistinguishable from taxpaying commercial banks. It’s time for Washington to take action on this unbalanced arrangement and join many other countries around the world in leveling the financial services sector’s tax and regulatory responsibilities. HB
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