LOMBARD, Ill.—The $1.2-billion Credit Union 1 here has agreed to buy the $311-million NorthSide Community Bank, located approximately an hour north in Gurnee, Ill.
Fresh Today
WASHINGTON–The just-released May jobs report shows growth in “all the right ways” according to a credit union economist.
SANTA CLARA, Calif.–For the first time since June of 2019, the inventory of homes for sale has increased for the first time, which Realtor.com is calling a “major turning point in inventory.”
WASHINGTON—Economic growth was moderate during April, according to the latest Beige Book from the Federal Reserve, but three of the Fed’s district banks expressed concerns about an upcoming recession.
NEW YORK–The CEO of the nation’s largest bank is predicting an “economic hurricane” is coming due to thewar in Ukraine, rising inflation pressures and interest rate hikes from the Federal Reserve
NEW YORK—Consumers’ balance sheets are “in good shape” and they will keep spending at an elevated clip, at least in the near term, according to Bank of America CEO Brian Moynihan.
JACKSONVILLE, Fla.–In a letter sent to members of VyStar Credit Union, its board of directors said it “sincerely” apologizes for the problems plaguing its online and mobile banking solutions, which are now in their third week.
PALO ALTO, Calif.–Stanford Federal Credit Union said it has launched a cryptocurrency offering that will allow members to buy, sell, and hold bitcoin.
MADISON, Wis.–The World Council is on the move, but this time just across town.
ALEXANDRIA, Va.–NCUA has no programs susceptible to “significant improper payments,” according to its Office of Inspector General (OIG).