CONCORD, N.H. - (01/12/06) Credit unions in the northeastare offering special loans to assist members beset by theescalating of home heating costs this winter. Gropaco CU, inNorthumberland, is offering low-interest loans up to $2,000 foranything related to home heating, like prepayment of oil bills, orordering firewood. Service CU, in Portsmouth, is also offeringlow-interest loans up to $1,000 for heating expenses. St.Marys Bank, in Manchester, is providing emergency loans forhouseholds in danger of having their heat turned off. UniversityCU, in Orono, Me., is offering loans at 5.99% to help members payfor fuel, buy a wood stove or finance home renovations to makehouses more energy efficient.
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As AI and digital assets become mainstream, banks are spotting new opportunities to integrate payments with other activities.
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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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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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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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