MARLBOROUGH, Mass. – St. Mary's CU contributed $26,000 to the Metrowest Boys & Girls Club this week.
The donation supports the club's summer camp scholarships, after school programs, annual golf tournament and the annual Bids for Kids fundraising gala.
Jack Caulfield, president and CEO of the credit union, called the donation a "smart investment," adding, "We recognize the importance of such programs to our youth and to the overall quality of life in our communities."
The Small Business Administration's proposed rule increasing the size of firms eligible for government-backed loan programs could boost the appeal of SBA loan programs to banks and credit unions, but it's drawing sharp criticism from smaller firms.
Financial institutions were among 300-plus U.S. organizations robbed in a 2024 campaign.
The 2025 tax law changed the factors involved in the decision to convert a traditional IRA to a Roth.
Five payment companies were named as defendants in a case that could set a precedent for both prediction markets and the financial firms working with them.
A lawsuit accusing U.S. Bank of harassing and discriminating against its former head of AI can proceed following a federal magistrate judge's ruling. The suit's defamation and blacklisting claims, however, were thrown out.
A former Democratic congressman will serve as vice president of wholesale banking at Truist Financial; Bank of America's $72.5 million settlement with sex trafficking victims of the late financier Jeffrey Epstein is approved by a New York federal judge; HDFC plans to challenge the bankruptcy resolution involving a personal guarantee by media tycoon Subhash Chandra; and more in this week's banking news roundup.
