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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A team of ex-First Republic private bankers hopes to serve entrepreneurs who once worked with Silicon Valley Bank.
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The National Credit Union Administration, operating with just one board member, has liquidated two credit unions that were recently put into conservatorship. The failures are the first credit union failures since Democrats on the board were fired, leaving Republican Chair Kyle Hauptman.
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In a joint letter signed by over 50 bank trade groups, leaders in the banking industry urged regulators to revise bank regulatory thresholds upward to keep up with inflation.
July 1 - Yahoo Finance Feed
Dime Community Bancshares, which has added dozens of bankers over the past two years, is now ready to consider expanding its geography.
July 1 -
The conviction of a fraud ring mastermind highlights growing risks in home equity lines of credit as equity-rich borrowers become prime targets.
July 1 -
The Senate passed President Trump's tax and spending bill Tuesday, but questions around Consumer Financial Protection Bureau funding, 1071 delay and remittance taxes remain as GOP leaders scramble to pass the bill out of the House before Trump's July 4 deadline.
July 1