MADISON, Wis. - (09/06/05) -- The National CU Foundation Collecteda quick $500,000 in pledges from the credit union community lastweek with two days of opening a disaster relief fund for victims ofHurricane Katrina. Among the immediate donors were CUNA MutualGroup ($150,000); CU Executives Society ($100,000); and The CO-OPNetwork ($50,000). Steve Delfin, chief executive of the creditunion charity, said the initiative will expand in the coming daysto include, among other things, the ability of credit unions andindividuals to make contributions online. The use of the funds isstill undetermined as the extend of the tragedy continues tounfold. "We expect the bulk of the money to be spent on helpingcredit unions and their employees get back on their feet, and tohelp their members get back on feet," Delfin told The Credit UnionJournal.
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The Philadelphia-based bank's parent company, Republic First Bancshares, had been roiled by a yearslong proxy battle involving activist investors groups and its former CEO.
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The Wyoming-based digital asset bank filed paperwork to challenge last month's district court ruling, which affirmed the Federal Reserve's view about its discretion over master account applications.
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The former head of the Consumer Financial Protection Bureau resigned Friday after the troubled rollout of the Free Application for Federal Student Aid led some House Republicans to call for his resignation.
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The San Antonio-based bank said that loan growth, fueled in part by its expansion in key Texas markets, may compensate for pressure on deposits. It slashed the number of rate cuts it expects this year from five to two.
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Mississippi's Renasant names its next CEO; environmental fintech Aspiration Partners spins out its consumer brand; the OCC adds five weeks to comment period for Capital One-Discover merger; and more in the weekly banking news roundup.
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The Wisconsin banking company forecasted loan growth of 4% to 6% for the full year, driven by an expansion into new commercial and consumer credit lines as well as enduring economic strength in the Midwest.
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