CHARLOTTE, N.C.–Carolinas Telco Federal Credit Union recently expanded its membership charter to include all employees and retirees in the telecommunications industry in North and South Carolina, the $304-million CU said. Carolinas Telco FCU originally opened in 1934, offering membership to employees of the local telephone companies, which at the time only included Southern Bell, AT&T, and Western Electric. Until 2006, the credit union continued to serve these companies, through their various name changes and reincarnations. With the approval of NCUA, Carolinas Telco has converted to a Trade, Industry, and Profession charter, allowing Carolinas Telco to again serve the entire telecommunications industry in North Carolina and South Carolina.
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The lawsuit alleges the fintech giant secured its own corporate data with strong MFA while leaving client systems vulnerable to compromise.
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KeyCorp CEO Chris Gorman said Tuesday that the bank has doubled its buyback plans for the fourth quarter and laid out a new long-term profitability target. The comments came a few days after HoldCo Asset Management issued a scathing report about the bank's performance.
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