Seeking to raise awareness of a new ATM location and its new community charter, Georgia Federal Credit Union mixed in some $50 bills with $20 bills inside the new ATM. It then tied the promotion to the Twilight Criterium Bike Race with newspaper ads, posters and flyers headlined, "Race to the GFCU ATM and win free cash." The event draws 30,000 attendees. The $360-million Georgia Federal's new charter is open to anyone who lives, works, worships, volunteers, or attends school in Clarke County. Its new branch is the first in the county.
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As AI and digital assets become mainstream, banks are spotting new opportunities to integrate payments with other activities.
July 4 -
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.
July 3 -
A new partnership with Google Cloud will let the Spanish bank offer Gemini to all staff after a successful ChatGPT deployment.
July 3 -
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.
July 3 -
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.
July 3 -
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.
July 3