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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A housing bill that already passed the Senate cleared the House Monday evening, but included bipartisan community banking provisions that have already raised objections in the upper chamber.
February 9 -
Fifteen banks have failed since November 2019, with the most recent one occurring on Jan. 30.
February 9 -
The Government Accountability Office was tasked with investigating the Consumer Financial Protection Bureau's stop-work order, but CFPB officials refused to meet with or provide information to Congress' investigative arm.
February 9 -
Federal Reserve Gov. Christopher Waller said comments from banks and fintech firms reveal sharply different priorities in the creation of the central bank's proposed "skinny" master accounts.
February 9 -
Check fraud has risen 385% since the pandemic, with criminals using stolen mail and digital tools to deceive major financial institutions.
February 9 -
The activist investor HoldCo Asset Management said Monday that it doesn't plan to pursue proxy battles this spring at either Key or Eastern. It had been agitating publicly over the banks' M&A strategies.
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