DENVER - (10/25/04) -- The Colorado CU System has made anunusual endorsement in the race for the state's third congressionaldistrict--they have decided to endorse both candidates, less theyoffend either one who may represent the district in the nextCongress. Both Democrat John Salazar (Guadalupe Parish CU) andRepublican Greg Walcher (Western Rockies FCU) are long-time creditunion members and support credit unions on the issues, according toTerri Johnson, spokesman for the league. "We're in the business ofmaking friends, not enemies," Johnson told The Credit UnionJournal, of the league's election guide touting both opponents.Florida credit unions had a similar dilemma choosing betweenDemocrat Betty Castor and Republican Mel Martinez for Senate, sothey too are backing both. "We feel both candidates are very strongsupporters of credit unions, so credit unions are going to bewinners, no matter which one comes out on top," said Mark Ivestor,spokesman for the Florida CU League. Both the league and its creditunion members have participated in fundraising events for bothopponents.
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The bank is accusing its fintech rival of racketeering for raiding its offices across nine states and stealing an untold amount of confidential information.
September 12 -
Mirroring the efforts of a number of larger institutions, Portland-based Northeast Bank plans to open a de novo branch in Bangor and renovate its seven existing branches.
September 11 -
The Brazilian digital bank is bringing its services to U.S. consumers through a partnership with Lead Bank as it awaits its own final charter approval.
September 11 -
Research from Cerulli Associates suggests that many RIAs have a long way to go with AI adoption while already finding possible ramifications for back-office staff.
September 11 -
Regulators want firms to spot where several critical functions ride on one provider, a question the department's earlier vendor guidance did not ask.
September 11 -
The digital asset and card-issuing firms are supplying the guts to enable transactions for cards and digital wallets, betting that Mastercard's ties to both firms will be attractive to banks, consumers and merchants.
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