MARIETTA, Ga. - (09/13/05) -- Looking to do something beyond cashdonations for victims of Hurricane Katrina, Lockheed GeorgiaEmployees FCU has donated 1,000 prepaid telephone calling cards tothe thousands of refugees from New Orleans, Mississippi and Alabamathat have fled to Atlanta. "We were looking to drum up, not onlymonetary suppor for the Hurricane Katrina relief efforts, buttangible ways to help the people who were displaced form theirhomes," Tricia Szurgot, head of marketing for the $600 millioncredit union, told The Credit Union Journal. The phone cards, eachwith a half hour prepaid on them, will allow refugees, many of whomhave been unable to call home, to phone their loved ones, she said.The credit union also sent two loan officers to the Lockheed Corp.plant it serves in Meridian, Miss., last week to offer immediate$1,000 unsecured loans at 6% interest for any member in goodstanding and is providing free wire transfers for victims of themassive disaster.
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BayFirst Financial, which has reported problems with SBA loans, expects to reach an agreement with its regulators in connection with credit administration and other issues.
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A report from J.D. Power indicates that the neobank Chime gained the highest percentage of newly opened checking accounts in the third quarter of 2025.
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The court upheld the Federal Reserve Board's right to block Custodia from direct access to its payment systems. The bank is considering asking for a rehearing.
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The Tacoma, Washington-based bank, which has completed two mergers since 2023, said Thursday that it will buy back up to $700 million of its own shares over the next year.
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New York State's former top regulator Adrienne A. Harris has rejoined Sullivan & Cromwell as of counsel and senior policy advisor; Founders Bank appointed Karen Grau to its board of directors; Deutsche Bank's DWS Group is opening an office in Abu Dhabi; and more in this week's banking news roundup.
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Earned wage access provider EarnIn, which historically has been known for direct-to-consumer EWA, is now integrating its services with payroll providers. The move comes as consumer advocate groups step up efforts for stricter regulation of the industry.
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