TALLAHASSEE, Fla. - (06/22/05) -- Credit Union 24 said it paid itsnetwork-participating credit unions almost $6 million in dividendsand rewards for 2004, based upon shareholder activity and thenetwork's financial performance. CU 24 said the more than $5.8million disbursement covers both a $2.3 million Patronage Dividendand more than $3.5 million earned by credit unions through thenetwork's Platinum POS Rewards program. Patronage Dividends arepaid to all shareholders. Platinum POS Rewards is a tiered rewardsprogram that pays credit unions cash monthly, based upon theiroverall transaction volume with the network.
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Firms like Brex and Ramp are adding new tech faster than legacy banks, according to payment experts.
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The Office of Management and Budget issued reduction in force notices to Treasury staff working in the Community Development Financial Institution office Friday, saying that the layoffs are necessary to "implement the abolishment" of the fund.
October 10 -
Former City National CEO Kelly Coffey has a new venture in wealth management; Erin Siegfried is Northwest Bancshares' new chief legal counsel and corporate secretary; Flagstar Bank secures OCC approval to merge its holding company into the bank; and more in this week's banking news roundup.
October 10 -
The regional bank has launched a digital student banking center that's part of a broader strategy to focus on relationship-building.
October 10 -
The Consumer Financial Protection Bureau has announced job openings for attorney-advisors to represent the agency in defensive and appellate litigation.
October 10 -
An updated deposit insurance reform bill from Sens. Bill Hagerty, R-Tenn., and Angela Alsobrooks, D-Md., would raise deposit insurance for business accounts to $10 million, exclude the largest banks from coverage and insulate community banks from footing the bill.
October 10