APPLE VALLEY, Minn. - (03/30/04)-- NWA FCU has created a newdivisionWings Financial FCUto reach out to allairline employees under the TIPS charter it received in December.Primarily serving employees of Northwest Airlines, its expanded FOMis open to the entire airline industry. "We were finding that otherairline employees werent comfortable doing business withNWA; it felt like being in business with a competitor," explainedNWAFCUs John Wagner. "Wings Financial Federal Credit Unionis a distinct but complementary brand." NWAFCU has been in atrademark dispute with Northwest Airlines ever since the sponsorcompany asked the credit union to pay naming fees to retain theNorthwest-related name last spring (CUJ Daily 04/29/03), but Wagnersaid the new WFFCU brand is not related to the dispute but theexpanded membership. All members will be able to use both NWAFCU-and WFFCU-branded facilities interchangeably. The first Wingsfacility opened at the Minneapolis/St. Paul International AirportMonday.
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The Federal Reserve governor's term was set to expire in January and President Donald Trump has made it clear that she would not be reappointed. The vacancy will give Trump an opportunity to appoint someone new to the central bank's board.
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Direct-to-consumer earned wage access provider EarnIn is rolling out Live Pay, a service that "streams" consumers' paychecks via a Visa card. It's a model banks could replicate.
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Deal for Clay County Savings Bank leaves Verimore Bank primed to add market share in a fast-growing Kansas City neighborhood
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Columbus-based Northwest Bancshares finalized its acquisition of Penns Woods Bancorp; Barclays becomes the second U.K.-based bank to leave the Zero Banking Alliance; BankUnited announces the appointment of Michael Mitchell as executive vice president, director of branch banking; and more in this week's banking news roundup.
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First Foundation is in transformation mode, after a capital infusion and new management gave it some power to remix its challenged balance sheet. But the bank just took its third quarterly loss out of the last four quarters.
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The Cleveland bank is working with Personetics to provide advice and help to digital banking customers that takes into account their circumstances, current transactions and history.
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