BATTLE CREEK, Mich.-OMNI Community CU is taking the traditional CU annual dividend as an opportunity to highlight the credit union difference during the ongoing economic slump, touting what it used to call its Special Dividend as the credit union's version of an economic stimulus package. Now called the "Cashback Rebate," Omni is paying out $750,000 to its members, the second year in a row the credit union has distributed the bonus dividend. Since 2008, the CU says it has given back more than $1.4-million to its 33,000 members.
-
The group behind the proposed Georgia Skyline Bank says recapitalizing a 24-year-old Virginia bank offers a faster path to success than a new charter would.
2h ago -
IDScan.net removed the pages naming its bank and credit union integrations after KrebsOnSecurity traced 153 million license scans to the company.
3h ago -
A consortium of international FIs are planning to issue a U.S. stablecoin in early 2027; London-based OpenPayd has entered the U.S. through its acquisition of MSB USA; the U.K. fined Citi £4.7 million ($6.3 million) for hundreds of transactions in breach of sanctions against Russia; and more in this week's banking news roundup.
4h ago -
The controlling owner of Santa Fe-based Century Financial Services Corp. wound up in bankruptcy court. Now his 71% stake is on the verge of being sold to an Oklahoma bank.
5h ago -
Swift's network of 11,500 banks can exchange deposit tokens in a standardized way.
5h ago -
The big three's trade group has said they operate legally and protect the industry with a trio of reports. FHFA also is opening up VantageScore for all lenders.
6h ago











