PSCU Financial Services has entered into a strategic alliance with Ongoing Operations LLC, and made an equity investment of $250,000 in the disaster recovery CUSO. Under the deal, PSCU Financial will market the Maryland-based CUSO's business continuity services to its 500 credit union member/owners and Ongoing Operations will market PSCU Financial's CUAlways 24/7 call center solution as part of the disaster recovery services. In addition, PSCU Financial agreed to invest $250,000 into the CUSO. Ongoing Operations is owned by seven mid-Atlantic state credit unions.
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Andrew Foster, the bank's chief data officer, explained how he has been instilling data discipline across the organization and making the bank's data AI-ready.
12m ago -
The Office of the Comptroller of the Currency will announce Senior staffers overseeing large, regional and community banks early next month, apparently reversing the unified approach to supervision it implemented earlier in the year.
19m ago -
Acting CFPB Director Russ Vought has managed to neuter the Consumer Financial Protection Bureau through a series of actions. Senate Banking Committee Chairman Tim Scott, R-S.C., played a major role by cutting funding in half.
8h ago -
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.
September 17 -
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.
September 17 -
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