A dozen Pennsylvania credit unions have formed a consortium with the Pennsylvania Credit Union Association to create a real estate brokerage service. CU Realty provides a Web-based Multiple Listing Service (MLS) search tool. Members will receive a rebate for using a CU Realty Pennsylvania-certified Realtor, according to the PCUA. Participating CUs include American Heritage FCU, Philadelphia; Diamond Credit Union, Pottstown; Franklin Mint FCU, Broomall; Freedom Credit Union, Philadelphia; K of C FCU, Philadelphia; People First FCU, Allentown; Philadelphia FCU; Reliance FCU, King of Prussia; SB1 FCU, Philadelphia; SE Family FCU, Philadelphia; Service 1st FCU, Danville; and Sun East FCU, Aston. The CUSO will obtain brokerage licenses for Pennsylvania, New Jersey, and Delaware.
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The Federal Open Market Committee voted to reduce interest rates by 25 basis points Wednesday, but the emergence of dissents on the committee makes the chance of another quarter-point cut in December less certain.
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American Banker's 2025 Small Business Banking conference yielded lessons about the need for speed, simplicity and safety in small-business lending. Other key takeaways included the significance of digital payment options and the importance of continuing to process SBA loan requests during the government shutdown.
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Nine months after acquiring Heartland Financial, Missouri's largest bank posted a complicated quarter.
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The legacy money transfer firm plans to launch USDPT, a coin designed to improve international payment processing. That and more in the American Banker global payments and fintech roundup.
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Credit analysts say climate risk could still pose a financial threat to financial institutions, even though the federal government has taken an ax to Biden-era climate guidance.
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The bank technology company, which faces market pressure from fintechs, cut its outlook by about 20% and restructured its leadership following the departure of former CEO Frank Bisignano to the Trump administration.
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