WEST BEND, Wis. - (06/02/06) Glacier Hills CU will celebratethe grand opening of its new headquarters Saturday with a rate thathasn't been seen since the '80's. The $60 million credit union ispaying 10% on one-year CDs. The one-year rate, more than twice theprevailing rate in this market, hasnt been seen for years inmetropolitan Milwaukee--since 1984. Thats when Ronald Reaganwas president, punk rock was still in, and the CosbyShow was number one on TV. The offering will be limited tomembers with an active checking account or who open one thatday.
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The Jackson, Mississippi, company will use proceeds from the sale of its Fisher Brown Bottrell Insurance unit to restructure its investment portfolio, moving $1.6 billion of low-yield securities off the balance sheet.
8h ago -
The store-branded card issuer is raising annual percentage rates and adding fees for paper statements to compensate for lost revenue. The Consumer Financial Protection Bureau's new regulation is scheduled to take effect on May 14.
9h ago -
At the banks' annual meetings, shareholders at both companies struck down proposals that would have split the board chair and CEO roles. Two other proposals also failed to win shareholder support, one concerning energy financing and another on pay gap analysis.
9h ago -
Congressional Review Act resolutions are ramping up ahead of the 2024 election cycle. Experts say that, although none are likely to become law, the resolutions are still powerful messaging and political tools.
10h ago -
The ABA is testing an information-exchange network to allow banks to share their fraud data with each other. Companies including Baselayer are also building solutions.
April 24 -
Republicans on the House and Senate Small Business committees are accusing the SBA of being irresponsible in granting Funding Circle permission to participate in its flagship loan-guarantee program.
April 24