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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As AI and digital assets become mainstream, banks are spotting new opportunities to integrate payments with other activities.
July 4 -
House Republicans overcame internal divisions to narrowly pass President Trump's tax and spending package Thursday afternoon. The measure would cut the Consumer Financial Protection Bureau's funding level, among other provisions.
July 3 -
A new partnership with Google Cloud will let the Spanish bank offer Gemini to all staff after a successful ChatGPT deployment.
July 3 -
Atlanta-based CoastalSouth's initial public offering prices at $21.50 a share; Valley National Bancorp announces Lyndsey Sloan will succeed Gary Michael as general counsel; Webster Financial Corporation taps a new chief risk officer and appoints a new board member; and more in this week's banking news roundup.
July 3 -
Capital One closed the deal to buy the credit card provider in May and as part of the review process, decided to exit its home equity lending business.
July 3 -
In a rare move for a credit union, the Seattle institution has snapped up the 13-member team that created EarnUp's AI Advisor product.
July 3