TULLAHOMA, Tenn. - (10/04/05) -- AEDC FCU said it will pay a bonusdividend and loan interest refund to members for the first time inits 64-year history. The $2 million payout will consist of a bonusdividend equal to 6.25% of a member's total year-to-date dividends,including IRA dividends, and it will also pay a loan interestrefund equal to 6.25% of a member's total year-to-date interestpaid on all loans through Sept. 30. The total amount each Memberwill receive is directly based on his loan and savings relationshipwith the credit union. The payout will be made in conjunction withInternational CU Day later this month.
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The child of a slave grew up to become the first woman to open a bank in the U.S., and pioneered community banking for Black communities.
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Life insurers have offloaded long-term policyholder liabilities into offshore reinsurance and captive subsidiaries, raising concerns over state oversight of opaque investment vehicles and whether insurers have adequately funded claims.
1h ago - AB - Policy & Regulation
The D.C. Circuit Court of Appeals halted the Trump administration's attempt to fire nearly two-thirds of the Consumer Financial Protection Bureau's workforce, upholding a March 2025 injunction.
June 21 -
JPMorganChase wants to expand its digital bank offerings to three more European countries, according to a new Financial Times report; M&T Bank Corp. elects Jerry Jacobs Jr. to the board of directors of both its parent and banking subsidiary; Citizens Financial Group names Chris Emerson as head of investor relations; and more in this week's banking news roundup.
June 19 -
Banks that don't embrace embedded payments now risk losing out to more nimble rivals in the near future.
June 19 -
Anthropic's head of banking told New York Banking Summit attendees that the future is agents that operate autonomously alongside employees.
June 19









