HAMPTON, VA - (09/02/03) -- Jean Yokum, a well-known figure inthe credit union movement and president of Langley FCU, is markingher 50th anniversary with the credit union. Yokum beganas a teller with LFCU in 1953 and rose through the ranks, beforebeing named president in 1979. Since 1979, Yokum has grown thecredit union form 40,000 members and $76 million in assets to140,000 members and $920-million.
The corporate finance fintech now has a $44 billion valuation and is building out an AI token spend management offering for its 7,000-plus enterprise customers.
The announcement follows a leave of absence in which Ginnie Mae President Joe Gormley helped cover the Federal Housing Admission Commissioner's responsibilities.
Research from the New York Fed suggests that the legalization of sports betting has important implications for consumer lenders.
New Jersey-based Provident Bank promoted Annamaria Vitelli to chief wealth officer and president of the bank's wealth management subsidiary; U.S. Bancorp completed its acquisition of the global investment bank BTIG on June 1; Centier Bank has been honored with the Indiana Bankers Association's Commitment to Community Award; and more in this weeks banking news roundup.
The bill imposes a $10 fee on transactions under $500 with an additional 2% fee for transactions exceeding that threshold. It comes amid continued pressure from the Trump administration, which has been pressing states to enforce its restrictive immigration policies and mass deportations.
A credit union service organization is buying the division, which includes mortgage services provider QRL, while the seller repositions its home loan business.
