AltaOne FCU is collecting member signatures on a petition supporting the credit union tax exemption. The petitions are placed near brochures explaining the credit union difference and have been distributed at the $400-million CU's nine branches. AltaOne noted that at one 2,600-member branch some 347 signatures were collected on the first day. "We want our members to be informed of the tax exemption issue but also to have a good understanding of the difference between credit unions and banks," said CEO Robert M. Boland. The signatures will be forwarded to the California Credit Union League's Government Affairs office.
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The bank is accusing its fintech rival of racketeering for raiding its offices across nine states and stealing an untold amount of confidential information.
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Mirroring the efforts of a number of larger institutions, Portland-based Northeast Bank plans to open a de novo branch in Bangor and renovate its seven existing branches.
September 11 -
The Brazilian digital bank is bringing its services to U.S. consumers through a partnership with Lead Bank as it awaits its own final charter approval.
September 11 -
Research from Cerulli Associates suggests that many RIAs have a long way to go with AI adoption while already finding possible ramifications for back-office staff.
September 11 -
Regulators want firms to spot where several critical functions ride on one provider, a question the department's earlier vendor guidance did not ask.
September 11 -
The digital asset and card-issuing firms are supplying the guts to enable transactions for cards and digital wallets, betting that Mastercard's ties to both firms will be attractive to banks, consumers and merchants.
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