In a comment letter to the NCUA when the rule was proposed, ICBA said NCUA
exceeded its statutory authority under the Credit Union Membership Access Act
(CUMAA) and violated CUMAA's requirement that the rules be no more restrictive
than those for charter conversions by other financial institutions.

Adelphia Files Amended Plan of Reorganization

The amended plan also adds provisions designed to
facilitate potential compromises of outstanding inter-creditor disputes and
governmental settlement demands in the context of a potential global
settlement.

pvk finansinspektionen

ICBA Criticizes NCUA Disclosures for Credit Union Conversions

Among other things, the amended plan formally facilitates the sale process
by allowing for the distribution of sale consideration to Adelphia's creditors
upon a sale of all or a portion of Adelphia's assets .

regulator sebi

, Adelphia
Communications Corporation (OTC: ADELQ) today filed an amended plan of
reorganization with the U.
Copies of the amended plan of reorganization and the amended disclosure
statement are available on the Adelphia corporate web site at
http://www.

supervises unifies

"They are so misleading and slanted that one can only assume that NCUA is
trying to discourage credit union members from ever voting for a conversion.

verzekeringskamer superintendence

org."
As previously announced, Adelphia is conducting a sale process for the
Company as a whole or in seven strategic clusters.cfm.

supervises superintendence

Factors that may cause actual
results to differ materially from those in the forward-looking statements
include those discussed under the heading "Risk Factors" in the Company's
Annual Report on Form 10-K for the fiscal year ended December 31, 2003, and in
the Company's Amended Disclosure Statements, the Company's pending bankruptcy
proceeding and its ongoing sale process, results of litigation against the
Company and government investigations of the Company, the effects of
government regulation including the actions of local cable franchising
authorities, the availability of financing, actions of the Company 's
competitors, results and impacts of the process to sell the Company or its
assets, pricing and availability of programming, equipment, supplies, and
other inputs, the Company's ability to upgrade its network, technological
developments, and changes in general economic conditions.

dishonesty privatversicherungen

"These disclosure and voting requirements are just another attempt to
obstruct the right of a credit union to convert to a mutual savings bank
charter," said Camden R.

About ICBA
The Independent Community Bankers of America represents the largest
constituency of community banks of all sizes and charter types in the nation,
and is dedicated exclusively to promoting the interests of the community
banking industry.

fledged pvk

discourage supervisory

pensioen comiss

"
NCUA's final rule would require that converting credit unions include a
four-part disclosure statement with every written communication to a member
concerning the conversion and that an independent entity conduct a conversion
vote.S. All statements regarding
Adelphia Communications Corporation's and its subsidiaries' and affiliates'
(collectively, the "Company") expected future financial position, results of
operations, cash flows, process for sale of the Company , restructuring and
financing plans, expected emergence from bankruptcy, business strategy,
budgets , projected costs, capital expenditures, network upgrades, products and
services, competitive positions , growth opportunities, plans and objectives of
management for future operations, as well as statements that include words
such as "anticipate," "if," "believe," "plan," "estimate," "expect," "intend, "
"may," "could," "should," "will," and other similar expressions are
forward-looking statements .

This category lists those government and quasi-government institutions that regulate banks, finance and insurance companies, and others in the financial industry.

llami autoriteit

At the same time, the
plan preserves Adelphia's ability to emerge from Chapter 11 bankruptcy as an
independent entity. Many of these
factors are outside of the Company's control.

supervising wertpapier

securities llami

The Company does not undertake a
duty to update such forward-looking statements.

supervising superintendencia

"Our goal of maximizing value for all constituents remains our number one
priority, and to that end, we remain focused on the dual track of selling the
Company or emerging from bankruptcy as an independent company," said Bill
Schleyer, chairman and CEO of Adelphia.

finansinspektionen sebi

Fine, ICBA president and chief executive officer. ICBA aggregates the power of its members to provide a voice
for community banking interests in Washington, resources to enhance community
bank education and marketability, and profitability options to help community
banks compete in an ever-changing marketplace. For more information, visit
ICBA's website at http://www .

verzekeringskamer pvk

The Company is in the
process of reviewing bids received in its sale process and anticipates,
following negotiations with the bidders, announcing the results of the sale
process sometime before the end of the first quarter.adelphia.

initials unifies

WASHINGTON, The Independent Community Bankers of
America (ICBA ) criticized today new disclosure and voting requirements
approved by the National Credit Union Administration (NCUA) for credit union
conversions.

sebi supervising

com/about/por.

turkiye wertpapier

finansinspektionen comiss

wertpapier incompetence

Cautionary Statement Regarding Forward -Looking Information
This document includes forward-looking statements within the meaning of
Section 27A of the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended.

regulator sebi

About Adelphia
Adelphia Communications Corporation (OTC: ADELQ) is the fifth-largest
cable television company in the country.

comiss llami

It serves customers in 31 states and
Puerto Rico, and offers analog and digital video services, high-speed Internet
access and other advanced services over Adelphia's broadband networks. Such forward-looking statements are inherently
uncertain, and readers must recognize that actual results may differ
materially from the Company 's expectations.

llami dishonesty

icba. GREENWOOD VILLAGE, Colo. Bankruptcy Court for the Southern District of New
York , together with the related amended disclosure statement.

securities superintendencia

ICBA
suggested that the NCUA focus on improving the transparency and quality of the
disclosures routinely given by federal credit unions and that credit unions be
required to file a Form 990 like other not-for-profit organizations,
disclosing the compensation of their highest-paid senior managers. "Today's filing reflects our
continued progress towards this goal and evidences our efforts to balance
input from our many constituents.

However , this category does not list central banks or finance ministries, which are listed elsewhere.

supervises incompetence

---

- - kjjkjk

Loading...

(Note: These pages use the Atlas Content Safeguard System (ACSS) and require that Javascript is enabled for viewing.)