ALEXANDRIA, Va. -- The NCUA Board also approved a request Thursday from American Eagle FCU, in East Hartford, Ct., to convert from a multiple group credit union serving more than 300 select groups, to a community charter serving 1.3 million residents in Connecticut's Hartford, Middlesex and Tolland counties. The $900 million credit union has a rich history. It was the founded in 1935 as the 80th federal charter as East Hartford FCU to serve employees of United Technologies, which was then the parent of Boeing, Pratt & Whitney Aircraft and United Airlines. When antitrust regulators forced a break-up of the corporation, three credit unions were formed out of it; East Hartford FCU, Sikorsky FCU and Hamilton Sundstrand FCU.
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Governor Gavin Newsom announced the swearing in of Rohit Chopra as secretary of the California Business and Consumer Services Agency, Amalgamated Bank of Chicago promoted Cherie Duve to executive vice president and chief legal officer, Ramon M. Rodriguez joins USCB Financial Holdings and U.S. Century Bank as an independent director, and more in this week's banking news roundup.
July 3 -
The Open Standard consortium understands what makes a stablecoin valuable isn't how digital it is, but how ubiquitous it is
July 3 -
Low daily, weekly and monthly Zelle limits can cause users to switch to other payment networks, raising the ante for banks to find solutions.
July 3 -
A tour of the technology that banking has run on, dating back to Franklin's anti-counterfeit measures and the bank-note bulletin that preceded American Banker.
July 3 -
Sen. Elizabeth Warren, D-Mass., is asking President Trump's son Eric if he plans to refile a lawsuit against Capital One Financial for allegedly "debanking" hundreds of Trump Organization accounts. The letter follows President Trump's nomination of a Capital One executive to lead the Consumer Financial Protection Bureau.
July 2 -
The fintech sponsor bank plans to offer digital asset services.
July 2










