CHICAGO - (04/27/06) NCUA said Wednesday it hasapproved a charter for a new credit union to serve members ofUnified Homeowners of Illinois Association, a group that providescounseling and other services to customers of TWA Corp., a localmortgage bank. The new credit union, the first chartered inIllinois since 2003, is also being sponsored by Greater AustinChildcare Providers and Latina Childcare Providers, according toJoyce Jackson, a field director with the Illinois CU League, whichhelped the groups in the chartering process. "The credit union willstart up without any reserves but will build them from retainedearnings, Jackson, former head of NCUAs CDCU office,told The Credit Union Journal. TWA Corp. is providing office spaceand computer equipment to the credit union start-up.
-
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