ASHWAUBENON, Wis. – PCM CU paid $370,252 in year-end patronage refunds to its members for 2011.
Members received a 5% bonus dividend of interest earned on all types of savings accounts and a 5% rebate on loan interest paid during the year.
This is the fifth rebate paid since 2004. The $146-million credit union said total refunds will exceed $2.2 million after 2012.
Sens. Thom Tillis, R-N.C., and Angela Alsobrooks, D-Md., have released compromise language on stablecoin yield for a long-awaited crypto market structure bill, clearing the way for a markup in the near future.
The FDIC moved quickly on Friday to sell $288 million in assets Community Bank and Trust – West Georgia to Anchor Bank, but the sale announcement leaves the fate of $27 million in uninsured deposits to be determined.
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