CHARLESTON, S.C. - (02/21/05) -- South Carolina FCU helped one familyhere build its dream homeliterally. The credit unioncontributed $5,000 to ABC News 4's 'Extreme Home Makeover' project,the local version of the national hit television show that selectsthe rundown house of one deserving family, then remodels the home.The credit union's contribution was put toward everything from woodand home accessories for the house to lunch for the crew andvolunteers. Credit union members James and Selena Hamm wereselected because Selena is battling multiple sclerosis and isconfined to a wheelchair. The renovations helped make the home morewheelchair accessible.
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To address a budget deficit, the state of Washington has begun taxing credit unions that buy banks. Critics say there's just one problem: The tax will deter any such acquisitions from happening.
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Kohler Credit Union, Think Bank and Communication Federal Credit Union gave their onboarding and direct deposit tech an upgrade through fintech partnerships.
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Some distressed companies that tapped the Federal Reserve's Main Street Lending Program say they've been crushed by the agency's hardline stance on modifications.
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Threat group ShinyHunters claimed responsibility for the attack, which reportedly targeted third-party platforms rather than Betterment's own systems.
February 6 -
Artificial intelligence developments are stoking investor fears about software companies. Banks' limited exposure to the sector and general stability is proving attractive to investors.
February 6 -
Prosperity Bancshares finalizes the second of three acquisitions it's announced since July; Sumitomo Mitsui Banking Corporation appoints a new chief information security officer for its American operations; Huntington Bancshares, Third Coast Bancshares and Heritage Financial completed acquisitions; and more in this week's banking news roundup.
February 6





