The Association of Fundraising Professionals (AFP) has named the National Credit Union Foundation (NCUF) as the winner of its 2005 Award for Excellence in Fundraising, sponsored by Campbell and Co. The award goes to an organization that has demonstrated outstanding results in the areas of fundraising innovation, return on investment and/or the amount of funds raised. In just five years, the NCUF has increased its grant-making capabilities by 1,400%, from $166,000 in 2000 to $2.6 million in 2004 through its Community Investment Fund (CIF). The CIF is a common fund into which credit unions of all sizes can make investments through their corporate credit unions and U.S. Central. NCUF will receive the award on April 4, 2005, during AFP's International Conference on Fundraising in Baltimore.
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Federal Reserve Vice Chair Philip Jefferson said that as interest rates have moved toward a more neutral level, "it makes sense" now to proceed with caution.
34m ago -
The volume of home equity lines of credit expanded for the 14th consecutive quarter, driven largely by fintechs and other nonbanks that are accounting for more and more of the business.
6h ago -
The payment and commerce company's stock fell as much as 12% in afterhours trading on Thursday after the fintech missed Wall Street's earnings estimates, despite posting growth in all lines of business and increasing its full year guidance.
November 6 -
Federal Reserve Gov. Christopher Waller said there was a popular "misunderstanding" Thursday regarding who can qualify for a "skinny" master account, noting that only firms with a bank charter would qualify for approval.
November 6 -
The digital neobank is expecting spending to stay strong through current economic conditions, and a new credit card is projected to bring in increased revenue.
November 6 -
Analysts say the fintech must "grow like a fintech, but be profitable like a bank" as its capital base shrinks to its lowest level to date.
November 6





