Municipal CU said it signed a license agreement with ACI Worldwide to launch an electronic document delivery channel for its members. The credit union will use ACI's e-Courier to send personalized statements to members via e-mail. The $1-billion CU will eventually add alerts, PIN mailers, member service advisories and investment service information.
The central bank will prolong the life of the Commercial Paper Funding Facility and three other programs while returning congressionally approved funds for five separate facilities that will shut down Dec. 31.
Some workers have thrived while working remotely, but others miss the social interaction of an office, and the recent surge in coronavirus diagnoses means employers will be facing these challenges well into next year.
From the industry's extraordinary response to the coronavirus outbreak to Citigroup promoting Jane Fraser to CEO, these are some of the storylines that defined banking in 2020. First in a two-part series.
Community banks that were pushed past key asset limits by the Paycheck Protection Program say they will be unable to shrink their balance sheets back to normal size by the 2022 deadline, especially if there is a new round of rescue aid.