NAFCU Services Corp., the NAFCU-owned CUSO, has selected Pentegra Retirement Services as its preferred provider for qualified retirement plans, like 401 (k) plans and other defined benefit plans. Pentegra, based in White Plains, N.Y., has over $3 billion in Employee Retirmenet Income Security Act-qualified assets under management and serves more than 500 financial institution sponsors. The 60-year-old company provides a wide variety of retirement products including 401 (k), KSOP, ESOP and Defined Benefit Pension and Profit Sharing plans.
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As AI and digital assets become mainstream, banks are spotting new opportunities to integrate payments with other activities.
July 4 -
House Republicans overcame internal divisions to narrowly pass President Trump's tax and spending package Thursday afternoon. The measure would cut the Consumer Financial Protection Bureau's funding level, among other provisions.
July 3 -
A new partnership with Google Cloud will let the Spanish bank offer Gemini to all staff after a successful ChatGPT deployment.
July 3 -
Atlanta-based CoastalSouth's initial public offering prices at $21.50 a share; Valley National Bancorp announces Lyndsey Sloan will succeed Gary Michael as general counsel; Webster Financial Corporation taps a new chief risk officer and appoints a new board member; and more in this week's banking news roundup.
July 3 -
Capital One closed the deal to buy the credit card provider in May and as part of the review process, decided to exit its home equity lending business.
July 3 -
In a rare move for a credit union, the Seattle institution has snapped up the 13-member team that created EarnUp's AI Advisor product.
July 3