LIBERTY, Ohio – DOY FCU yesterday broke ground on a new headquarters.
Construction is scheduled for completion by year end.
The new building’s floor plan will be unlike a traditional bank or credit union that typically has a teller area. Instead, tellers will have individual offices so that customers have more privacy when banking.
The $25 million credit union provides services for Diocese of Youngstown employees but has no affiliation with the diocese.
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Federal Reserve Vice Chair Philip Jefferson said in a speech Tuesday that despite positive employment readings in recent months, he remains concerned that an economic shock could still threaten the labor market.
Santander U.S. and Webster Financial are doing integration work in advance of their pending merger, including naming business-line leaders, the banks said in separate notes.
The FDIC board voted unanimously to issue a proposal putting a rebuttable ban on bank-issuers paying yield on stablecoins, another narrowing AML requirements and a third prohibiting examiners using reputational risk in exams, outside of operational or financial risks.
The neobank is rolling out Chime Prime, a new membership service that rewards customers for making Chime their primary bank account.
The Minneapolis-based company plans to leverage the arrangement to draw more attention to its growing list of national business lines, transcending its regional reputation.
