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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As AI and digital assets become mainstream, banks are spotting new opportunities to integrate payments with other activities.
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House Republicans overcame internal divisions to narrowly pass President Trump's tax and spending package Thursday afternoon. The measure would cut the Consumer Financial Protection Bureau's funding level, among other provisions.
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A new partnership with Google Cloud will let the Spanish bank offer Gemini to all staff after a successful ChatGPT deployment.
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Atlanta-based CoastalSouth's initial public offering prices at $21.50 a share; Valley National Bancorp announces Lyndsey Sloan will succeed Gary Michael as general counsel; Webster Financial Corporation taps a new chief risk officer and appoints a new board member; and more in this week's banking news roundup.
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Capital One closed the deal to buy the credit card provider in May and as part of the review process, decided to exit its home equity lending business.
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In a rare move for a credit union, the Seattle institution has snapped up the 13-member team that created EarnUp's AI Advisor product.
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