MANHATTAN BEACH, Calif. - (05/10/05) Kinecta Financial &Insurance, a wholly owned CUSO of Kinecta FCU, said it plans tointroduce its own trust department within the next 30days. The trust department will offer the writing of trusts,investing of assets, and third-party fiduciary services, accordingto Leonard Gzesh, chief operating officer for the CUSO. Thethird-party fiduciary services will be provided by the CUSOsinvestment advisor, Linsco Private Ledger and its Private Trust Co.subsidiary, Gzesh told The Credit Union Journal.
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Comptroller of the Currency Jonathan Gould said in an interview with American Banker that his agency is looking at whether its own internal guidance may have contributed to a climate where banks feel the need to "cite everything" to avoid supervisory penalties.
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AlumniFi, the digital banking arm of Michigan State University's official credit union, is now an official bank partner for the NCAA's Big East conference.
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