EUGENE, Ore. - (02/07/05) -- Oregon Community CU said Friday ithas agreed to sell its credit cards portfolio to Juniper FinancialCorp., a unit of Barclays Group, and a new entry in the expandingmarket for credit union portfolios. Under the deal, OregonCommunity CU will sell its $43 million in receivable to Juniper,which will manage a new no-fee MasterCard to be introduced by the$700 million credit union, the Oregon Community CU WorldMasterCard. The new card will offer a 0% introductory rate onbalance transfers for six months and low variable annual rate.Juniper is a Wilmington, Del.-based unit of Barclays, the Britishbanking giant.
-
The Wisconsin banking company forecasted loan growth of 4% to 6% for the full year, driven by an expansion into new commercial and consumer credit lines as well as enduring economic strength in the Midwest.
2h ago -
In the inaugural iteration of American Banker's news quiz, test your knowledge on top articles covering the legal battles of the Consumer Financial Protection Bureau, new technology testing at JPMorgan Chase, earnings season and more.
2h ago -
To build their executive presence in meetings and on video calls, junior employees should embrace flexible schedules — and possibly media training, Michelle Young of Worldpay and Anna Greenwald of MoneyGram International said at American Banker's Payments Forum.
4h ago -
Liberty Bank in Salt Lake City had been "structurally unprofitable" since 2008, according to its regulators. Experts criticized the FDIC for allowing the bank's demise to play out in slow motion.
April 25 -
The New York-based bank says it will push its concentration of commercial real estate loans below 400% of risk-based capital over the next two years and focus more on C&I.
April 25 -
The San Francisco-based firm's Anchorage Digital Trusted Liquidity and Settlement network, better known as Atlas, will allow clients to settle a range of cryptocurrency transactions.
April 25