VERNON HILLS, Ill. - (08/20/04) Baxter Credit Union (BCU) said thenumber of members who have signed up for online bill pay grew 33%in the just-ended three-month period in which it offered theservice free. It offers the online bill payment product throughPSCU Financial Services, St. Petersburg, Fla. Baxter said growth ofthe service had been stagnant prior to moving towaive fees effective April 1. Its offer, designed to boost memberloyalty, was open to all Rewards members who haveeither direct deposit of at least $500 per month, $25,000 ondeposit in any account, hold $20,000 in a single Skyline MoneyMarket account, or members with Advantage Plus checking accounts.Those members continue to receive the service at no charge, as domembers who make three payments in one month receive the servicefree regardless of Rewards status. Non-rewards members pay anominal monthly fee.
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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.
6h ago -
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.
8h ago -
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.
10h ago -
Consumer spending slowed and charge-offs rose during the first quarter, but Bread Financial said a pending late-fee rule may not be as devastating to its revenue as the Columbus, Ohio-based firm initially feared.
April 25 -
Artificial intelligence models are energy hogs. Climate First Bank and UBS are among the very few trying to solve this problem.
April 25 -
The FDIC board debated and ultimately withdrew two separate proposals to address asset managers' control over banks, but acting Comptroller of the Currency Michael Hsu said he couldn't support either and called for more research and debate about how asset managers' control over banks impacts safety and soundness.
April 25