RALEIGH, N.C. - (08/10/05) -- Gov. Mike Easley signed into law abill that will allow the state to sell State Employees CU adowntown block for $1. The rock-bottom price will facilitate a $100million Green Square redevelopment project, to be financed by thecredit union, that will include 170,000 square-feet of space forthe state Department of Environmental and Natural Resources; 95,000feet for a new N.C. Museum of Natural Sciences; and 60,000 feet forthe credit union. The project will provide the state with low-costlease space with an option to buy the property, according to MikeLord, chief financial officer of SECU. "It's a good deal for usbecause it gives us a permanent site right in the middle of ourmembership base," Lord told The Credit Union Journal.
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As AI and digital assets become mainstream, banks are spotting new opportunities to integrate payments with other activities.
July 4 -
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.
July 3 -
A new partnership with Google Cloud will let the Spanish bank offer Gemini to all staff after a successful ChatGPT deployment.
July 3 -
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.
July 3 -
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.
July 3 -
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