SOUTH RICHLAND, Wash. – Gesa Credit Union said it is pledging to donate at least $100,000 to community nonprofits and scholarships each year.
The credit union said it is doing so to help celebrate hitting the 100,000-member threshold. Among the groups to which it will provide donations are Habitat for Humanity and Junior Achievement, the credit union said.
The average number of days it takes for large bank M&A deals to close has drastically shrunk from the past two years, according to a new report.
Maspeth Federal Savings in Queens has been managed by members of the Rudzewick family, led by long-serving patriarch Ken, for nearly three decades.
The crypto exchange, which closed its original direct deposit service in late 2024, has brought it back for users to set up automated digital asset investing.
JPMorgan Payments processes about $12 trillion in payments per day globally. It is also the largest credit card issuer and merchant acquirer in the country. But to stay on top, the banking behemoth has made it its business to work with, and think like, nimbler fintechs.
Banks are prioritizing AI investments for several reasons, including streamlining operations, reducing costs and improving employee workflows. By comparison, enhancing risk assessment and strengthening cybersecurity ranked lower among the reasons banks are investing in AI.
A proposal from the Federal Deposit Insurance Corp. would require the agency to notify Treasury's Financial Crimes Enforcement Network 30 days prior to major anti-money laundering actions against stablecoin issuers. The rule would also allow issuers to directly share normally confidential information with Fincen during the enforcement process.
