SOUTHFIELD, Mich.–Central Corporate CU yesterday said it will waive processing fees incurred by members during the months of July and November – about $1 million in fees for both months.
Bill Walby, president of the $3.5 billion corporate, said CenCorp’s earnings have run well above planned levels in the first half of 2008, allowing it to make the patronage payments.
CenCorp serves approximately 400 credit unions, primarily in Michigan.
Banks are playing a key role in financing the buildout of artificial intelligence. If the industry falters, they will have much to lose — and that would be bad news for the global economy.
Industry lawyers and experts say the latest wrinkle in a long-running LPL-Ameriprise recruiting dispute shows why advisors should strongly consider retaining their own legal counsel when changing firms.
First Financial Bancorp in Cincinnati named Chief Financial Officer Jamie Anderson as president. The move positions Anderson as heir apparent to CEO Archie Brown, according to one analyst.
A federal judge said recent preemption rules from the National Credit Union Administration would bar Illinois from enforcing its interchange fee restrictions against federal credit unions.
Nearly half of respondents reported plans to claim benefits early, with many citing fears about the health of the Social Security program.
The former top executive at Nodus International Bank in Puerto Rico was sentenced to more than nine years in federal prison after he pleaded guilty to Venezuela sanctions evasion and wire-fraud conspiracy.
