The Ohio CU League has become the first league to enter into a partnership in which CUNA will provide educational services to credit unions. Under the agreement, CUNA is responsible for managing the Ohio curriculum and program development, marketing, and registration process. As part of the agreement, the education and training portion of the league's website has been redesigned. Ohio's credit unions will be offered more than 600 different education and training opportunities. The OCUL said it will hire a market development manager by year's end, whose primary role will be the development and sales of these new education services. "Instead of having one professional employee dedicated to education and training for Ohio's credit unions, we now have more than 40," said Paul Mercer, president of the OCUL.
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Execs say other banks are still more of a rival for deposits than the digital currency.
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First Northwest Bancorp in Port Angeles has selected an Everett, Washington-based competitor's president to serve as its new top executive.
September 12 -
The Charlotte-based megabank announced that it had appointed two business leaders to be co-presidents of the bank, and elevated its chief financial officer to serve as executive vice president.
September 12 -
The Massachusetts bank is being accused of aiding and abetting the operation of a Ponzi scheme centered in Hamilton, New York. The bank declined to comment on the allegations.
September 12 -
City National Bank promotes Brandon Williams to head private banking and wealth management; a former U.S. Postal Service letter carrier is sentenced to five and a half years for stealing over $10 million in checks from the mail; Lazard expands its North American investment banking franchise with two managing director hires; and more in this week's banking news roundup.
September 12 -
The government-powered network is allowing larger payments to settle instantly, a move The Clearing House has also made for its RTP network. Payment experts say more than higher limits are needed to make speedy processing ubiquitous.
September 12