TULLAHOMA, Tenn. -- Ascend Federal CU is the new name for the state’s largest federally chartered credit union—known for years as AEDC FCU because its original sponsor was the Arnold Engineering Development Center at Arnold Air Force Base here. Since its chartering in 1951, the credit union has grown to serve more than 120,000 members in over 600 select groups, reaching $1.2 billion in assets. Despite its broad field of membership, credit union officials hope the name change will help remove the perception that you have to work at the base to become a member.
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President Donald Trump's proposed budget would nix funding for Community Development Financial Institutions in minority heavy areas while expanding it for rural areas.
May 2 -
The two companies are collaborating to bring enterprise AI to Box users.
May 2 -
The administration is pitching a $26.7 billion reduction to the regulator's funding for rental assistance, public housing and elderly and disability housing.
May 2 -
Acquiring Country Club Bank would give Omaha-based FNBO 30 branches and nearly $3 billion of deposits in one of the Midwest's biggest markets.
May 2 -
Vectra Bank Colorado President Bruce Alexander is retiring after 25 years with the bank; Unilever Federal Credit Union in New Jersey was shut down by NCUA; Vista Bank hired Bob Mahalik in preparation for Texas bank M&A; and more in this week's banking news roundup.
May 2 -
Truist, Texas Capital and Citizens Financial are among the banks that will be forced to address shareholder dissatisfaction over executive pay.
May 2