WASHINGTON - (12/17/04) -- Severely wounded soldiers returningfrom Iraq will be able to recover at a new convalescent home withtheir families at Walter Reed Army Hospital here, thanks toPentagon FCU. The credit union's new non-profit foundation helpedfurnish and supply the new Fisher House recovery facility at WalterReed, the hospital's third Fisher House and the 28th Fisher Housearound the country. The credit union Foundation's Military Heroesprogram provided funding for kitchen appliances, linens, food,toiletries, games and furniture to the home where military amputeesand other wounded soldiers convalesce, often with family members,Rocky Mitchell, director of the foundation, told The Credit UnionJournal. The Foundation is working with 'Doonesbury' comic stripauthor Gary Trudeau, who has recently featured the amputees atFisher House in his popular cartoon, to raise funds to renovate theoncology unit of Walter Reed's hospice. A recent series ofDoonesbury strips featured the military amputees recovering atFisher House being treated to free dinners at nearby Fran O'Brien'sSteak House, for which the Pentagon FCU Foundation has contributed$20,000.
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Federal Reserve Chair Jerome Powell said there was a "high degree of unity" among committee members during this week's Federal Open Market Committee vote. Out of 12 FOMC members, 11 voted for a 25 basis point cut.
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The Federal Open Market Committee's decision to reduce interest rates for the first time in nine months lifted bank stocks Wednesday. The 25-basis-point reduction could lead to net interest income headwinds now, but loan growth later, analysts said.
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Community Financial in Syracuse has made its biggest investment ever in an outside company, taking a $37.4 million equity stake in an insurance provider that focuses on the rental housing market.
September 17 -
St. Cloud Financial Credit Union will be issuing its own stablecoin at the end of this year, becoming one of the first U.S. credit unions to do so.
September 17 -
The two BNPL giants' pay-over-time loans will now be available for in-store purchases on Apple Pay in a move to capture more sales at brick and mortar stores.
September 17 -
State regulator says blockchain tools are key to detecting money laundering and sanctions violations.
September 17