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 payments division of the country's largest bank posted $4.9 billion in revenue in the third quarter as transaction volumes in merchant services outpaced volume in 2024.
1h ago -
SEO Steve Squeri told analysts its Platinum card upgrade has gotten off to a strong start, and added he's not noticing signs of consumer weakness due to recent political battles.
2h ago -
The Cincinnati, Ohio-based bank delivered third quarter earnings that mostly met expectations, even as it took a $200 million blow to credit.
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The Charlotte, North Carolina-based bank reported net income of $1.45 billion for the third quarter and earnings per share of $1.04, which beat analysts' forecast of $0.99 per share.
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Earlier in the day, Fed Gov. Stephen Miran chastised the Fed for wading into politics under the Biden administration, as he currently takes unpaid leave from President Donald Trump's top advisory council.
October 16 -
CEO Chris Gorman applauded what he sees as a transformation of bank regulation since President Trump took office. He described a shift from layers of exams and documentation to a streamlined focus on liquidity, capital and earnings.
October 16