BROCKTON - (12/17/04) -- Even the proposed collaborationbetween a local bank and credit union couldn't save a 200-year-oldsycamore, marking the spot on the Underground Railroad whereslavery abolitionists gathered to hear speeches. The famouslandmark, known as the 'Liberty Tree,' was felled this week afterSecurity Federal Savings Bank, which owned the property where thetree sat, and adjacent HarborOne CU, as local historicpreservationists couldn't come up with a rescue plan. "We talked tothem (the bank) briefly; we talked to the historical society, butit was beyond repair," Leo McNeil, head of marketing at the creditunion, told The Credit Union Journal. The tree, marking the spotwhere abolitionist Frederick Douglas is said to have addressed thelocals, was cut down. The 300-year-old tree had opened a six-footcrack in its trunk from a recent storm, rot had set in and its hugebranches, which canopied the credit union's parking lot, were indanger of falling. But that doesnt mean the famous landmarkwill die off, as local historians were seen gathering up pieces andothers were said to be selling them as memorabilia, saidMcNeil.
-
Jack Dorsey's payments company also laid off employees early in 2025 and 2024 following a self-imposed employee cap of 12,000 in November 2023.
1h ago -
To address a budget deficit, the state of Washington has begun taxing credit unions that buy banks. Critics say there's just one problem: The tax will deter any such acquisitions from happening.
7h ago -
Kohler Credit Union, Think Bank and Communication Federal Credit Union gave their onboarding and direct deposit tech an upgrade through fintech partnerships.
7h ago -
Some distressed companies that tapped the Federal Reserve's Main Street Lending Program say they've been crushed by the agency's hard-line stance on modifications.
8h ago -
Threat group ShinyHunters claimed responsibility for the attack, which reportedly targeted third-party platforms rather than Betterment's own systems.
February 6 -
Artificial intelligence developments are stoking investor fears about software companies. Banks' limited exposure to the sector and general stability is proving attractive to investors.
February 6





