Fresh Today

Fresh Today

ALEXANDRIA, Va.—The $18-billion Pentagon FCU has introduced a new “Access America” checking account that offers higher dividends on balances above $5,000, ID theft protection and other enhancements.

ATLANTA–CetoLogic, a provider of software and analytics, said that three new credit unions have selected its C3 Financial cash management and forecasting solution:  evolve Federal Credit Union, El Paso, Texas; NorthCountry Federal Credit Union, Burlington, Vt., Service 1st Federal Credit Union, Danville, Penn.

WASHINGTON—The FDIC has issued a Financial Institution Letter that is encouraging its supervised institutions to take a “risk-based approach in assessing individual customer relationships, rather than declining to provide banking services to entire categories of customers without regard to the risks presented by an individual customer or the financial institution's ability to manage the risk.”

WASHINGTON—The federal financial regulatory agencies, including NCUA, and the State Liaison Committee (SLC) of the Federal Financial Institutions Examination Council, have issued guidance for financial institutions on private student loans with graduated repayment terms at origination. 

SAN FRANCISCO—A new list of financial institutions that are “topping all competitors in mobile banking” has been released by Javelin Strategy & Research, and this year no credit unions are included.