WASHINGTON–Credit unions are finding ways to score for both themselves and others during the college football bowl season. During the recent EagleBank Bowl in Washington, NAFCU joined with Wake Forest University, whose Demon Deacons played in the game, to honor “wounded warriors” who had all served in Iraq and/or Afghanistan and currently are part of the outpatient program at Walter Reed Medical Center. The Demon Deacons played Navy in the game, and Navy Federal Credit Union placed a commercial that appeared nationally during the game. Last week, the San Diego County Credit Union Poinsettia Bowl in San Diego earned significant media attention for the credit union. Unlike recent years, the full name of the bowl, including the credit union, appeared in most media reports when the name of the bowl was included.
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Roughly 680 customers were affected, none in the U.S. But the control that failed at Revolut is the legal intake queue every American bank runs.
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The Federal Reserve's top regulator has the early returns from the report she commissioned on the 2023 bank failure and said it supports her call for new reporting practices among Fed supervisors.
September 18 -
The "near-prime" lending fintech Avant is seeking to become a full-service bank by filing for a national de novo bank charter with federal regulators.
September 18 -
The commerce company has made major inroads into embedded finance, a strategy that could get a boost from partnering with the social media giant's new AI agent.
September 18 -
Citadel Credit Union recently closed a $50 million loan on a Philadelphia office tower. It's part of a trend, as credit unions build their commercial real estate lending businesses.
September 18 -
State Street promotes Ann Fogarty to chief operating officer and names Mostapha Tahiri president of State Street Alpha; Florida's Portrait Bank expects to open for business on Saturday; Texas Capital Bancshares is on the lookout for a new chief risk officer following the departure of David Oman; and more in this week's banking news roundup.
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