ALBANY, N.Y. - (01/05/05) -- AmeriCU CU has applied to the stateBanking Department to convert to a community charter serving morethan 1.2 million people in central New York, which would be thelargest community field of membership ever granted for statecharters in the Empire State. The $550 million credit union hasrequested permission to serve residents of Cayuga, Cortland,Madison, Oneida, Onondaga and Oswego counties, as well as twounderserved areas of Jefferson-Lewis County and Herkimer counties.The credit union was chartered in 1950 to serve the former Rome AirDepot, now Griffiss Air Force Base, and currently serves 400 selectgroups.
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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 -
Prosperity Bancshares finalizes the second of three acquisitions it's announced since July; Sumitomo Mitsui Banking Corporation appoints a new chief information security officer for its American operations; Huntington Bancshares, Third Coast Bancshares and Heritage Financial completed acquisitions; and more in this week's banking news roundup.
February 6 -
Fintech and crypto groups said in comment letters to the Federal Reserve that the proposed "skinny" master account is too limited and could keep firms dependent on banks. Banking groups asked for more time to comment.
February 6 -
Federal Reserve Vice Chair Philip Jefferson said in a speech Friday that long-term productivity gains brought on by artificial intelligence could compel the central bank to maintain higher rates to keep prices stable.
February 6 -
While the e-commerce giant has deemphasized the technology, banks and payment firms are testing the biometric option.
February 6





