
                         Roanoke Times
                 Copyright (c) 1995, Landmark Communications, Inc.

DATE: THURSDAY, May 27, 1993                   TAG: 9305270008
SECTION: INTERNATIONAL                    PAGE: A2   EDITION: METRO 
SOURCE: 
DATELINE:                                 LENGTH: Short

CORRECTIONS

Credit unions will not be covered by the federal Truth in Savings Act for at least another year. Because of a reporter's error, a story Monday said they would be covered June 21 along with banks and thrifts. The National Credit Union Administration said the earliest date of compliance will be mid-1994. Dick Williams, general manager of N&W Federal Credit Union in Roanoke, said he expects the final rule will permit credit unions to continue to pay interest only on the lowest balance in a quarter although a ban against the practice is still in the draft.

Because of a reporter's error, Florine Thornhill's name was misspelled in Tuesday's Mingling column.

by CNB