KALAMAZOO, Mich. – IN the biggest community grant of the year so far, NCUA said Friday it approved a request by Southwest Michigan FCU to convert to a community charter serving one million residents in nine surrounding Michigan counties.
The community grant will allow the $66 million credit union to serve residents of Allegan, Barry, Berrien, Branch, Calhoun, Cass, Kalamazoo, St. Joseph, or Van Buren counties.
Lenders pulled back on commercial real estate loans in 2023, as high interest rates put pressure on property values. They're now returning to the sector, and the renewed competition is prompting a pricing war.
The business banking fintech, which recently received conditional approval for a de novo bank charter, now has a $5.2 billion valuation.
JPMorgan, Mozilla, Palo Alto and other Glasswing partners have new latitude as Anthropic loosens disclosure rules under congressional pressure.
The Federal Reserve Board on Wednesday published a proposed limited master account framework, marking the next step toward creating another option for firms to access the Fed's payment systems.
Like most payment companies and banks, the stablecoin firm is lining up a suite of services for demand that hasn't quite materialized, but likely will – in some form.
With the 10-year Treasury yield at levels not seen in 52 weeks, the 30-year fixed rate mortgage rose 15 basis points over last Thursday, Freddie Mac said.
