DETROIT - (03/15/05) -- Local area credit unions have beguna 12-station advertising campaign in the Detroit metropolitan area.The advertising buy, which began running Feb. 28, consists ofdrive-time traffic report sponsorships on Metro Detroit area ClearChannel Network stations, as well as four additional networkstations in the Ann Arbor area. The traffic report sponsorshipsconsist of an opening sponsor message and a 15-second credit unionmessage. Each station is airing 10 credit union-sponsored reportsper week over a four-week schedule. Also included in this mediacampaign is a two-week schedule of about 100 60-second spots onMetro Detroit's top-rated news station, WWJ-AM 950, and athree-week buy of 240 spots on its sister station, WXYT-AM 1270.The almost 800 total credit union commercials and promotionalannouncements to be aired in the campaign are expected to reachmore than 2 million people.
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To address a budget deficit, the state of Washington has begun taxing credit unions that buy banks. Critics say there's just one problem: The tax will deter any such acquisitions from happening.
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Kohler Credit Union, Think Bank and Communication Federal Credit Union gave their onboarding and direct deposit tech an upgrade through fintech partnerships.
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Some distressed companies that tapped the Federal Reserve's Main Street Lending Program say they've been crushed by the agency's hardline stance on modifications.
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Threat group ShinyHunters claimed responsibility for the attack, which reportedly targeted third-party platforms rather than Betterment's own systems.
February 6 -
Artificial intelligence developments are stoking investor fears about software companies. Banks' limited exposure to the sector and general stability is proving attractive to investors.
February 6 -
Prosperity Bancshares finalizes the second of three acquisitions it's announced since July; Sumitomo Mitsui Banking Corporation appoints a new chief information security officer for its American operations; Huntington Bancshares, Third Coast Bancshares and Heritage Financial completed acquisitions; and more in this week's banking news roundup.
February 6





