Navy FCU has introduced a TV campaign featuring three different spots in two of its major markets: Hampton Roads, Va., and San Diego. The ads, Navy Fed's first foray into TV, include a 30-second branding spot, a 15-second spot on mortgages, and a 15-second spot on auto loans. The ads, which target 18-to-35 year olds, will run for three weeks on cable, network and a sport package, including ESPN and selected games. "Most of our young members tend to be targeted in these markets," said spokesperson Lauren Moeller. The agency is White & Partners, Herndon, Va.
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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.
3h ago -
Kohler Credit Union, Think Bank and Communication Federal Credit Union gave their onboarding and direct deposit tech an upgrade through fintech partnerships.
3h ago -
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.
4h ago -
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





