LAKE FOREST, Ill.—In a change from what is usually the case, the Federal Reserve has created a “distinct advantage” for credit unions and smaller banks with a new policy on business checking accounts, according to one analyst.
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ORLANDO, Fla.—The $40-million Darden Employees Credit Union here said it plans to merge into University of South Florida FCU, Tampa, to create a $480-million combined institution.
ALEXANDRIA, Va.–NCUA is reminding that it will be hosting a webinar on Dec. 17 titled, “Best Practices for Strong Internal Controls” that will be hosted by its Office of Small Credit Union Initiatives.
DES MOINES, Iowa—As part of a multi-stage brand integration strategy, the SHAZAM Network said it is retiring the Cardinal Software logo.
CLEVELAND, Ohio – Alex Spirikaitis, former CEO of Taupa Lithuanian Credit Union here, was sentenced Monday to spend more than 10 years in a federal prison.
CHICAGO—Discover Financial Services is suing Visa, alleging that the card company has been using antitrust practices in its debit card business.
NEW YORK CITY—Household debt, including mortgages, credit cards, auto loans and student loans, rose $78 billion between July and September to $11.7 trillion, according to new data released by the Federal Reserve Bank of New York.
WASHINGTON—Americans’ personal income increased $32.9 billion, or 0.2%, and disposable personal income (DPI) increased $23.4 billion, or 0.2%, in October, according to the Bureau of Economic Analysis.
NAVARRE, Fla.—Police have arrested four men believed to be part of an ATM robbery ring who were caught while allegedly attempting to burglarize an ATM at Eglin Federal Credit Union here.
ONTARIO, Calif.—CU Direct, a provider of lending, automotive and strategic solutions to the credit union industry, said it has signed 12 new partnership agreements with credit unions.