WEST VALLEY CITY, Utah – America First CU will be holding daily drawings for $100 Visa gift cards until March 1 to celebrate the opening of its newest facility here–the credit union’s 76th branch.
There also will be a grand prize drawing for a $300 Visa gift card. Children will have a chance to participate in the festivities during a coloring contest.
The credit union has $4.1 billion in assets and operates one of the largest branch networks for credit unions.
Gas prices are rising as a large swath of consumers are already under pressure, which could eventually affect demand for credit.
The share of American households considered "financially vulnerable" rose to 17%, the highest level since at least 2018, according to the nonprofit Financial Health Network.
The bank was determined, by multiple industry rankings and experts, to be the best mobile banking provider in the U.S.. Bank of America took second place.
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The move came 12 days after Canada's bank regulator said tokenized deposits are not legally distinct from ordinary deposits.
Bank of America, Capital One and other large banks have teamed up to publish a set of principles for agentic commerce. But the call for a set of standards from banks comes as other fintechs and payment companies are already forging ahead with the technology.
