ORLANDO, Fla. - (06/13/06) Just as the hurricane seasonswas approaching fast, CUNA unveiled a model of the new mobilefacilities it is making available to credit unions seeking to beprepared in the event of a major disaster. The new mobile branch,exhibited at CUNAs annual Future Forum, is being offeredthrough a new partnership with Agility Recovery Systems. The newmobile facilities are self-contained branch offices that Agilitypromises to have on-site within 24 to 48 hours of a creditunions request. The company said it has access to more than100,000 of the 12x20 modular facilities, which include two tellerstations, desks, and complete computer connectivity usingsatellite-based technology. The facilities include a generator andenough fuel to run for 24--to--36 hours, meaning if a credit unionoperates for eight hours or less per day it can be open for severaldays before needing to replenish fuel supplies.
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As AI and digital assets become mainstream, banks are spotting new opportunities to integrate payments with other activities.
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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.
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A new partnership with Google Cloud will let the Spanish bank offer Gemini to all staff after a successful ChatGPT deployment.
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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.
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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.
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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.
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