AMARILLO, Texas – The People's FCU paid over $225,000 back to its members in the form of a bonus year-end dividend, the first bonus dividend in the credit union's 55-year history.
The bonus dividend was a percentage based on the amount of interest paid on a loan and the amount of dividends earned on share accounts in 2007.
The credit union has $80 million in assets and 16,000 members.
Recent tax law changes are prompting businesses to rethink entity structures. Here's what financial advisors need to know when guiding clients or making decisions about their own RIAs.
The days of a few firms hiring a summer intern with vague plans for them to perform menial tasks around the office may be finally coming to an end. Here's how experts say RIAs can create successful internship programs.
The Federal Reserve Thursday issued an enforcement action barring Renee Nicole Brown from the banking industry after she pleaded guilty to embezzling roughly $246,000 from teller cash dispensers over the course of a year.
Freddie's 30-year hit 7.03%, first above 7% since Jan. 2025, as 10-year yield tops 5.1%. ARM share jumped to 9.8%; lenders should pitch ARMs to keep payment-sensitive buyers.
Senate Democrats, led by Senate Banking Committee ranking member Elizabeth Warren, D-Mass., reintroduced a bill meant to solidify the debt liability between private equity firms and their portfolio companies, among other changes.
Gas prices are rising as a large swath of consumers are already under pressure, which could eventually affect demand for credit.
