WASHINGTON - (02/23/06) The National CU Foundationannounced Wednesday it has awarded 18 grants worth a total of$910,000, to help support $3.5 million in credit union outreachprojects for underserved communities. The Foundation is channelingthe money from its Community Investment Fund to 11 credit unionsand seven credit union organizations, which will use the funding toleverage $2.6 million in matching funds from other donors. Thefunds will, among other things, help Financial Health CU, Lansing,Mich., create a financial education program for disabled youth;help Prospera CU, Appleton, Wis., develop a branch inside aGoodwill Industries outlet for low income employees and customers;help El Futuro FCU, Porterville, Calif., set up a financialliteracy and income tax assistance program for migrant workers inthe San Joaquin Valley; help the Filene Research Instituteintroduce new products to assist low income members at 125 creditunions; and help the Texas CU Foundation implement a state-mandatedfinancial literacy program for high students throughout thestate.
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House Republicans overcame internal divisions to narrowly pass President Trump's tax and spending package Thursday afternoon. The measure would cut the Consumer Financial Protection Bureau's funding level, among other provisions.
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A new partnership with Google Cloud will let the Spanish bank offer Gemini to all staff after a successful ChatGPT deployment.
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Atlanta-based CoastalSouth's initial public offering prices at $21.50 a share; Valley National Bancorp announces Lyndsey Sloan will succeed Gary Michael as general counsel; Webster Financial Corporation taps a new chief risk officer and appoints a new board member; and more in this week's banking news roundup.
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Capital One closed the deal to buy the credit card provider in May and as part of the review process, decided to exit its home equity lending business.
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In a rare move for a credit union, the Seattle institution has snapped up the 13-member team that created EarnUp's AI Advisor product.
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The Federal Reserve has banned a Wyoming bank employee from the banking industry for embezzling more than $30,000 from a charity.
July 3