ALBANY, N.Y.–The New York Credit Union Foundation has awarded $35,000 in Financial Fitness grants to 27 credit unions across the state for behind-the-scenes operating infrastructure needs to help improve member services. The grants, ranging from $500 to $2,500 will provide necessary funding for a variety of projects, including: website design, maintenance or enhancements; facility security; computer/copier purchases; online banking services; data processing upgrades; and computer firewall systems. Credit unions that received the grants include: Alternatives FCU, Bethex FCU, Buffalo Service CU, Cataract City FCU, Cheektowaga Central FCU, Eastern New York FCU, Gates Chili FCU, Greece Community FCU, GRS ECU, Kenton FCU, Lockport Schools FCU, Lower East Side People’s FCU, Maryvale Schools FCU, NFTA EFFCU, New York University, North Tonawanda Community FCU, P&C Employees FCU, Paul Quinn FCU, Sisters Hospital EFCU, South Towns Community FCU, Southern Chautauqua FCU, St. John’s Buffalo FCU, Sweet Home FCU, Town of Cheektowaga FCU, Tri County FCU, Upstate Telco FCU and Westchester FCU.
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Former Federal Reserve Vice Chair for Supervision Randal Quarles, who served during President Trump's first term, said members of the Fed board should be removable by the president, but that the decentralized structure of the Fed will ensure that monetary policy decisions remain sound.
April 10 -
The tokenization platform provider, which has a nonbinding agreement with NYSE and is aiming for a public debut, promoted former SEC Trading and Markets Director Brett Redfearn to the role.
April 10 -
Deutsche Bank is raising the base pay of Supervisory Board Chairman Alexander Wynaendts by 21%, Wells Fargo has hired Neil Ghosh as head of chemicals investment banking, Bank of America's Alexandre Bettamio is being considered for chief executive officer of Brazilian stock and derivatives exchange B3 SA, and more in this week's banking news roundup.
April 10 -
The White House Office of Management and Budget will issue paperwork allowing the Treasury Department to disburse congressionally appropriated funds through the Community Development Financial Institutions Fund, breaking an impasse that has stalled funding for months.
April 10 -
The industry reported $275 million in losses from internet crimes last year, a 59% annual increase as losses nationwide surpassed $20 billion.
April 10 -
In a strategic shift, the Walnut Creek-based company has tapped a trio of former PacWest executives to fill its top three management positions.
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