BALTIMORE – Municipal Employees CU paid its members a cash bonus consisting of a loan interest rebate and an extraordinary dividend.
Loan interest rebates totaling $1.1 were posted to members' accounts on June 27 and extraordinary dividends totaling $980,000 were posted to members' accounts June 30.
The $870 million credit union plans to pay members a cash bonus again in December, after paying June/December bonuses in 2007, as well.
Banks are playing a key role in financing the buildout of artificial intelligence. If the industry falters, they will have much to lose — and that would be bad news for the global economy.
Industry lawyers and experts say the latest wrinkle in a long-running LPL-Ameriprise recruiting dispute shows why advisors should strongly consider retaining their own legal counsel when changing firms.
First Financial Bancorp in Cincinnati named Chief Financial Officer Jamie Anderson as president. The move positions Anderson as heir apparent to CEO Archie Brown, according to one analyst.
A federal judge said recent preemption rules from the National Credit Union Administration would bar Illinois from enforcing its interchange fee restrictions against federal credit unions.
Nearly half of respondents reported plans to claim benefits early, with many citing fears about the health of the Social Security program.
The former top executive at Nodus International Bank in Puerto Rico was sentenced to more than nine years in federal prison after he pleaded guilty to Venezuela sanctions evasion and wire-fraud conspiracy.
