ALXANDRIA, Va. - (09/20/04) -- NCUA said it approved an applicationfrom Xerox FCU last month to serve almost half-million residents ofthe San Jose, Calif., area by adding several low-income communitiesof its field of membership. The $750 million El Segundo,Calif.-based multiple group credit union has been carefullyexpanding into what amounts to a community charter by addinglow-income communities in Rochester, N.Y., an in Illinois andTexas, and other markets where it has branch offices, over the pasttwo years. Several other multiple group credit unions receivedlarge low-income expansions last month, including Transtar FCU(formerly Transco FCU), Houston, to serve 160,000 in Houston;Greater Texas FCU, Austin, 215,000 people in the Austin area; andAir Academy FCU, Colorado Springs, Colo., to serve 160,000residents in certain areas of Colorado Springs.
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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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A new partnership with Google Cloud will let the Spanish bank offer Gemini to all staff after a successful ChatGPT deployment.
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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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Capital One closed the deal to buy the credit card provider in May and as part of the review process, decided to exit its home equity lending business.
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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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The Federal Reserve has banned a Wyoming bank employee from the banking industry for embezzling more than $30,000 from a charity.
July 3