SCHENECTADY, N.Y. - (12/21/05) -- Sunmark FCU is offering potentialmembers in its newly added field of membership a holidaypremium--an online savings account that pays 4.25%--the highestrate in the nation. The online accounts, at RateEdge.com, pay asmuch as five times the credit union's regular savings account ratesand are available for all members but are specifically targeted toresidents of upstate New York's Montgomery and Schoharie counties,which Sunmark added to its four-county field of membership just afew months ago. The special online savings product was devised toreach potential members who may be too distant from a branch andare comfortable with online banking, according to Susan Siegel,vice president of marketing for Sunmark. "We can't build branchesas fast as we'd like to in these new areas," Siegel told The CreditUnion Journal. The online product enables Sunmark to serve thesepotential new members while keeping expenses down, sheadded.
-
The Philadelphia-based bank's parent company, Republic First Bancshares, had been roiled by a yearslong proxy battle involving activist investors groups and its former CEO.
April 26 -
The Wyoming-based digital asset bank filed paperwork to challenge last month's district court ruling, which affirmed the Federal Reserve's view about its discretion over master account applications.
April 26 -
The former head of the Consumer Financial Protection Bureau resigned Friday after the troubled rollout of the Free Application for Federal Student Aid led some House Republicans to call for his resignation.
April 26 -
The San Antonio-based bank said that loan growth, fueled in part by its expansion in key Texas markets, may compensate for pressure on deposits. It slashed the number of rate cuts it expects this year from five to two.
April 26 -
Mississippi's Renasant names its next CEO; environmental fintech Aspiration Partners spins out its consumer brand; the OCC adds five weeks to comment period for Capital One-Discover merger; and more in the weekly banking news roundup.
April 26 -
The Wisconsin banking company forecasted loan growth of 4% to 6% for the full year, driven by an expansion into new commercial and consumer credit lines as well as enduring economic strength in the Midwest.
April 26