METAIRIE, La. - (02/21/06) -- The corporate network continued tocontract lastw week with another merger announced, this one betweenLouisiana Corporate CU and Corporate America CU. The combinationwill create a corporate with about $1.3 billion in assets andserving more than 300 natural person credit unions. Uner the plans,Corporate America CU will be the surviving entity and LouisianaCorporate CU would continue to operate as a branch of the Irondale,Ala.-based corporate. At least two other corporate nmergers arealready in process: Western Corporate FCU (WesCorp) with VolunteerCorporate FCU (VolCorp); and Empire Corporate FCU with Mid-StateCorporate FCU. The merger of the Louisiana and Alabama corporateswill leave 27 surviving corporates of a network that included 44corporates, not including U.S. Central CU, a decade ago.
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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.
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A new partnership with Google Cloud will let the Spanish bank offer Gemini to all staff after a successful ChatGPT deployment.
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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.
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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.
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The Federal Reserve has banned a Wyoming bank employee from the banking industry for embezzling more than $30,000 from a charity.
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