LAS VEGAS - (07/15/05) -- The opening general session of theNAFCU annual convention here got off to an inauspicious start. Therear of the stage featured a replica of a famous local landmark,the "Welcome to Fabulous Las Vegas, Nevada" sign that sits at thesouth end of the Strip. Just before NAFCU Chair Diane Furnasstepped up to the podium to address the group, the "M" of "WELCOME"fell down with a loud thud. A few minutes later, the first "E"dropped. Luckily, no one was near either of the falling letters.Furnas, who is departing the NAFCU Board after the meeting, saidthe conference theme, 'Raising the Stakes, is "appropriate for ameeting in Las Vegas, a town full of high stakes games." Thecombination of bank attacks, rising interest rates and threats tosecurity "raise the stakes," she said. In response, "credit unionsare stepping up their marketing efforts and making innovativechanges to attract more members."
-
Federal Reserve Chair Jerome Powell said there was a "high degree of unity" among committee members during this week's Federal Open Market Committee vote. Out of 12 FOMC members, 11 voted for a 25 basis point cut.
2h ago -
The Federal Open Market Committee's decision to reduce interest rates for the first time in nine months lifted bank stocks Wednesday. The 25-basis-point reduction could lead to net interest income headwinds now, but loan growth later, analysts said.
6h ago -
Community Financial in Syracuse has made its biggest investment ever in an outside company, taking a $37.4 million equity stake in an insurance provider that focuses on the rental housing market.
6h ago -
St. Cloud Financial Credit Union will be issuing its own stablecoin at the end of this year, becoming one of the first U.S. credit unions to do so.
7h ago -
The two BNPL giants' pay-over-time loans will now be available for in-store purchases on Apple Pay in a move to capture more sales at brick and mortar stores.
7h ago -
State regulator says blockchain tools are key to detecting money laundering and sanctions violations.
8h ago