FLINT, Mich. - (12/28/05) Security FCU here is offering specialauto financing on very specific vehicles-those powered by a Vortec4.2 liter, six-cylinder engine. The reason: the power plant isbuilt by General Motors Flint Engine South plant here. Onqualified vehicles, the credit union is offering aone-percentage-point discount on its current auto rate. Inaddition, the credit union is also offering the deal on a number offull-size, heavy duty trucks, including the Chevrolet Silverado andGMC Sierra, which are also built locally. The credit union said thediscount could save a member several hundred dollars over the lifeof a loan. SFCU is offering rates as low as 3.99% with thediscount. Among the vehicles powered by the engine: the ChevroletTrailBlazer, GMC Envoy, Buick Rainier, and Saab 9-7X sport utilityvehicles. As an additional premium, Security FCU is also offering10 free car washes through a local car wash.
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JPMorganChase wants to expand its digital bank offerings to three more European countries, according to a new Financial Times report; M&T Bank Corp. elects Jerry Jacobs Jr. to the board of directors of both its parent and banking subsidiary; Citizens Financial Group names Chris Emerson as head of investor relations; and more in this week's banking news roundup.
June 19 -
Banks that don't embrace embedded payments now risk losing out to more nimble rivals in the near future.
June 19 -
Anthropic's head of banking told New York Banking Summit attendees that the future is agents that operate autonomously alongside employees.
June 19 -
Chair Travis Hill said SVB showed banks can't always sell securities fast enough to cover deposit outflows, but acknowledged the "stigma problem" with discount window borrowing remains unsolved.
June 18 -
At a conference in New York, Joseph Otting reflected on the difficult hiring decisions he made early in his tenure heading Flagstar Bank, which just two years ago was on the verge of collapse.
June 18 -
Back-office automation fintech BILL Holdings is using JPMorgan Payments white-label digital wallet to subledger its own clients' accounts. Reconciling client payments for BILL's corporate card, the BILL Divvy Card is the company's first use case.
June 18








