ORLANDO, Fla. - (04/01/05) More than 140 credit union executiveswere on hand yesterday when The Credit Union Journal kicked off itsSEG & Business Development Conference here. Discussion was farranging, but a number of presenters emphasized that they werecontinuing to place an emphasis on select employee groups (SEGs)even after moving to a community charter. In the case of TravisCredit Union in California, Steve Langley, VP-sales and service,said it now refers to the groups as PEGs: Partner Employer Groups.A lot of credit unions think were going community,sowe can forget about our SEGs, and thats going to begreat, said Gary Lanier, senior VP, sales and memberservices with Eastern Financial Florida CU. You cantforget about your SEGs.
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The proposal is part of what SEC Chairman Paul Atkins calls his "Make IPOs Great Again" agenda.
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Opportunity favors the prepared, and Cambridge Savings Bank had been saving for years to buy a nearby rival. Now, as the mutual bank announces plans to acquire First Seacoast Bank, it says it's found "the right deal at the right time."
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Federal Reserve Gov. Michael Barr said Tuesday that the U.S. energy sector is more insulated from shocks than Europe's, particularly in natural gas prices. However, he warned that the war is pushing up gasoline prices, which could spill over into other parts of the economy.
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If a card is immediately not easy and safe to use in an external app, consumers will quickly turn to another card, executives from Regions Bank, Pinnacle Financial Partners and Barclays warned American Banker's Payments Forum.
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The payments company said payment volume increased, but net income decreased compared to 2025.
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Carter Bankshares wants to widen its footprint in the Carolinas and may look to buy a bank, especially in South Carolina, where it set up a loan production office in November. The Virginia bank recently resolved a long-running dispute with a major commercial borrower.
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