MOON TOWNSHIP, Pa. - (09/17/04) -- The NCUA Board is expected to grantsome relief next week for beleagured US Airways FCU in the face ofthe bankruptcy of the credit union's chief corporate sponsor. TheBoard is expected to approve the conversion of the $700 millioncredit union to a community charter serving almost three millionpeople in 10 counties surrounding Pittsburgh, rivaling the agency'slargest field of membership grants. The credit union's mainsponsor, US Airways, filed for bankruptcy last week, throwing tensof thousands of jobs, and the airlines future into jeopardy. TheBoard is also expected to approve a request from PennsylvaniaCentral FCU, Harrisburg, Pa, to serve 600,000 residents in thethree counties surrounding the state capital; and from FirstCommunity FCU, Kalamazoo, Mich., to serve almost one million peoplein nine counties in the Kalamazoo area.
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As AI and digital assets become mainstream, banks are spotting new opportunities to integrate payments with other activities.
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House Republicans overcame internal divisions to narrowly pass President Trump's tax and spending package Thursday afternoon. The measure would cut the Consumer Financial Protection Bureau's funding level, among other provisions.
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A new partnership with Google Cloud will let the Spanish bank offer Gemini to all staff after a successful ChatGPT deployment.
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Atlanta-based CoastalSouth's initial public offering prices at $21.50 a share; Valley National Bancorp announces Lyndsey Sloan will succeed Gary Michael as general counsel; Webster Financial Corporation taps a new chief risk officer and appoints a new board member; and more in this week's banking news roundup.
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Capital One closed the deal to buy the credit card provider in May and as part of the review process, decided to exit its home equity lending business.
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In a rare move for a credit union, the Seattle institution has snapped up the 13-member team that created EarnUp's AI Advisor product.
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