DEARBORN, Mich. - (03/10/06)-- The newly formed National Center forMember Trust is working on a plan to assist DFCU Owners United, thegroup opposing DFCU Financial CU's bid to become a bank, inspreading the word about the value of credit unions. Thegroup¡¦s leader, Bucky Sebastian, president of GTE FCUin Tampa, said he expects to provide assistance to theMichigan-based group within the next 10 days. 'We might be able tohelp them with some pieces in the media, billboards, ads in thenewspaper,' Sebastian told The Credit Union Journal. Sebastian. Hesaid the national group, formed last week at CUNA's GAC has raised$260,000 which they plan to use to promote the value of the creditunion charter. 'This is hopefully a permanent, ongoing effort tokeep the value of the credit union charter in front of the Americanpeople, in front of Congress, bankers, members and the generalpublic,' said Sebastian.
-
The Federal Open Market Committee's decision to reduce interest rates for the first time in nine months lifted bank stocks Wednesday. The 25-basis-point reduction could lead to net interest income headwinds now, but loan growth later, analysts said.
50m ago -
Community Financial in Syracuse has made its biggest investment ever in an outside company, taking a $37.4 million equity stake in an insurance provider that focuses on the rental housing market.
1h ago -
St. Cloud Financial Credit Union will be issuing its own stablecoin at the end of this year, becoming one of the first U.S. credit unions to do so.
1h ago -
The two BNPL giants' pay-over-time loans will now be available for in-store purchases on Apple Pay in a move to capture more sales at brick and mortar stores.
2h ago -
State regulator says blockchain tools are key to detecting money laundering and sanctions violations.
2h ago -
The Bank of England may cap ownership, drawing ire from crypto groups that claim that will hinder innovation.
3h ago