TORONTO – The National Federation of CDCUs is expected to announce an initiative in the next few days in cooperation with the National CU Foundation to place Development Educators in CDCUs on a short-term basis. Cliff Rosenthal, executive director of the Federation, told The Credit Union Journal the project will provide much-needed help for CDCUs in areas of expertise for the Educators group, such as finance, accounting and operations. There are more than 600 active Development Educators, a program conducted by CUNA that gives participants a comprehensive initiation in credit union history, philosophy and operations.
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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