SUNRISE, Fla. - (01/23/06) One lucky member of BrightStarCU is Las Vegas-bound after hitting the jackpot in the creditunions prize giveaway. Bartow Henry III, a member of thecredit union since 1978, won a five-day, four-night trip and $500of spending money in the contest. Another member, 18-year-oldJaimie Hazen, won a 2006 Hyundai Sonata, courtesy of the localHyundai dealer. The credit union, known as Broward Schools CU untilthis month, automatically entered all checking account, directdeposit and CDs holders into the drawing, which included the twogrand prizes and 10 $100 cash prizes. The purpose of the contestwas to promote the $250 million credit unions new name,encourage cross-selling of additional services and to bring in newmembers.
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The Saginaw, Michigan-based credit union brought its credit card program back in-house to capture more member spending and gain added control over customer relationships. Previously, its credit card program was managed by a third-party vendor.
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Megan Ryan joins American Banker from the Chicago Fed, bringing insights on the payments industry exclusively for subscribers.
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The New York-based bank, which serves plaintiff law firms, agreed to pay $348 million for a Windy City community bank.
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A New York state bill would reduce the barrier for minority-bank and community-bank participation in the state's long-standing Banking Development District program.
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A threat that was probabilistic is now official. An Iranian military spokesperson warned of a "painful response" against U.S.-linked banks.
March 12 -
The Senate passed a bipartisan housing bill in an 89 to 10 vote, but how quickly and easily the bill can pass the House remains unclear.
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