BETHLEHEM, Penn. – First Commonwealth FCU celebrated CU Youth Week by offering a drawing for a Wii to members under 18 who opened new accounts.
The credit union also deposited the first $5 into new accounts.
On Saturday, all branches held celebrations with refreshments and giveaways. Local police departments were on hand at branches for kid fingerprinting/IDs. The credit union opened 59 new youth accounts during the week.
Constellation Software subsidiary CORA Group rebranded its U.S. core banking service as regulators are looking to inspect core vendor relationships.
Banks have embraced artificial intelligence for years. Now, after a week of dire warnings about the technology's risks, executives at two big banks are calling for caution and calm.
More depositories are getting involved in the securitized market and the competition is likely to add to expense management challenges of smaller balance loans.
Consumers' spending and payment behaviors were "holding very firm" despite inflationary pressures, Synchrony Chief Financial Officer Brian Wenzel said at the Barclays Global Financial Services Conference.
Sen. Elizabeth Warren sent a request for information to the National Association of Insurance Commissioners about state regulators' efforts to address private equity ownership of life insurance companies.
Advisors are still slow to plan for handing down their businesses, in part because of difficulties finding new owners they can trust.
