The Minnesota Credit Union Network has named as its Outstanding Credit Union Volunteer of the Year Ron Nevala of Anoka Hennepin CU, six-year chairman and board member since 1996. Nevala was recognized for playing "an instrumental leadership role in the dramatic and continued growth of his credit union, and is dedicated to supporting credit unions on the local, state and national levels." The Outstanding Credit Union Professional of the Year Award went to Steve Ahlness of Greater Minnesota Credit Union. "Under 27 years of his leadership, GMCU now has five branch offices and assets have grown to exceed $138 million dollars," said the MCUN, also pointing to Ahlness' ongoing participation in governmental affairs at the state and federal levels.
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The Bank of International Settlements compared the recent AI investment frenzy to the canal mania of the 1830s, the British railway craze of the 1840s and the dot-com boom of the late 90s.
16m ago -
The Supreme Court found that President Donald Trump did not provide Lisa Cook requisite due process when he sought to remove her from the Fed last year, and for that reason denied the White House's motion to remove her immediately.
3h ago -
Banks and other companies are starting to face the true cost of buying AI services, and are already looking to cut corners.
8h ago -
Lately there's been a sea change in how tech companies charge for AI, and some banks are balking at the cost. Here's a look at how lenders can rein in their spending.
8h ago -
JPMorganChase and Bank of America raised concerns about the proposed removal of risk-weighted assets from the denominator of the short-term wholesale funding component of the GSIB surcharge — changes backed by Goldman Sachs and Morgan Stanley.
June 26 -
House Speaker Mike Johnson, R-La., reportedly plans to send the recently passed housing bill to the White House on Monday, starting a 10-day clock for the president to sign the bill.
June 26










