EUGENE, Ore.–Pointing out that it's just another demonstration of "the credit union difference," SELCO Community CU employees will be hard at work on what is traditionally a "bank holiday" this coming Monday, volunteering at more than a dozen local agencies. “Credit unions are unique because they are member-owned financial cooperatives—not a distant name traded on Wall Street," said Bob Newcomb, SELCO CEO. "SELCO has its roots deeply imbedded in this community, and it’s important that our neighbors see our faces out there making a difference and understand that we’ll be here to help them, too, regardless of the changing financial landscape.” The agencies include FOOD for Lane County, NextStep Recycling, Relief Nursery, and the Cascades Raptor Center. Team members will do a variety of light gardening, construction, and cleaning duties depending on their interest and physical abilities.
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A new bill introduced by Sen. Katie Britt, R-Ala., would boost efforts to index bank regulatory thresholds in the Senate Banking Committee, where most of the focus to date has been on stablecoin and crypto.
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As AI agents become more collaborative, creative and fast, banks need to defend themselves.
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BCB Bancorp says red ink may top $130 million in the third quarter, as its new CEO moves to address credit-quality issues.
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Surveys from Fidelity and Edward Jones suggest that even clients with comprehensive plans and wealth don't always feel good about their financial future.
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Nine months before the outage, the NCUA told a federal council it may no longer need the authority to examine vendors like the one that failed.
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Anthropic lined up some of the biggest names in the industry for the rollout of Claude for Financial Advisors. But whether the tool is "revolutionary" or "just another integration," the hard work is just beginning for the AI firm and for its sole custody partner, Schwab Advisor Services.
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