SAN DIEGO - (06/16/06) The CU Alliance of 23 areacredit unions have developed an assistance package for tiny FaithBased FCU, a three-year-old credit union serving the low-incomepopulation of nearby Oceanside. The credit unions will provide the$900,000 credit union, which claims just 250 members, $10,000 infinancial assistance and will provide volunteers to assist withloan collection, marketing, advertising and daily operations.Despite its name membership in the credit union fledgling is notbased on any religious faith, but on geography and income level.The CU Alliance of San Diego is comprised of several of theareas largest credit unions, among them Cabrillo CU, FirstFuture CU, Miramar FCU, North Island CU, San Diego Metropolitan CUand USA FCU.
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As AI and digital assets become mainstream, banks are spotting new opportunities to integrate payments with other activities.
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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.
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A new partnership with Google Cloud will let the Spanish bank offer Gemini to all staff after a successful ChatGPT deployment.
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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.
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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.
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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