CU: SouthPoint FCU
Location: Sleepy Eye, Minn.
Chartered: 1936
Members: 11,304
Assets: $223,235,662
FOM: Faith-based (Catholic church); also underserved counties (Brown, Redwood and Redville counties)
Numbers: 6,807 loans & leases ($164,477,703)
-
Gov. Mike Dunleavy, a Republican, vetoed a bill that would cap consumer loan rates at 36% APR, arguing it would restrict credit access for vulnerable Alaskans.
7h ago -
Fiserv and Metallicus are enabling downmarket development of digital assets. Payment experts say it's vital to have a plan, but one that doesn't give into a fear of missing out.
9h ago -
The idea of creating software from "vibes" or feelings seems antithetical to the buttoned-up and highly regulated world banks live in. But experts say there's a place for it.
9h ago -
An error in data submitted to the Consumer Financial Protection Bureau about consumers with no credit record — known as "credit invisibles" — has skewed the agency's reports, showing that the number of Americans without credit histories is half what it was thought to be.
9h ago -
The data aggregator intends to continue sharing data with Envestnet and U.S. banks after the acquisition.
10h ago -
Experts told lawmakers that quantum computers will soon render today's encryption obsolete — and foreign adversaries know it.
11h ago