JoAnne Fillwock, president and CEO at Financial Health Credit Union, East Lansing, Mich., was presented with the Distinguished Service Award by the Michigan league and inducted into the Michigan Credit Union Hall of Fame. NASCUS President and CEO Mary Martha Fortney attended the event as part of the honor for Fillwock, who is vice chairman of NASCUS' Credit Union Council. "JoAnne's unswerving dedication to the credit union community and her gifted talent make her so deserving of this award," said Fortney." JoAnne worked very hard on the Michigan Credit Union Modernization Task Force and was instrumental in shaping the modernization of the Michigan Credit Union Act-a model for state credit union legislation-and has given years of valuable service to the NASCUS Credit Union Council Board."
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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





