SAN JOSE, Calif. - (04/14/05) -- Technology CU said it has become oneof the first financial institutions allow members to instantlyimport their 1099 (dividend interest) and 1098 (mortgage interest)directly into Internet-based TurboTax program without the need ofmanual input. The $1 billion credit union is one of only twofinancial institutions to provide 1098 downloads of both firstmortgage interest and home equity loan interest. To use thisfeature, members simply click on the TurboTax logo located on thecredit union's newly designed website. When the member arrives atthe section in the TurboTax system, which requires dividendinterest and/or mortgage interest information, they enter theirTech CU member number and Online Banking personal identificationnumber.
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Strong loan and deposit growth led to a double-digit increase in revenues and an even bigger jump in profits at the Columbus, Ohio-based regional bank.
October 17 -
Flagstar shareholders approved a plan to merge its holding company into the bank; Huntington tapped a new chief auditor, along with two new business leaders; First Foundation hired a new chief credit officer; and more in this week's banking news roundup.
October 17 -
In a tough quarter for the auto industry, the Detroit-based lender posted earnings that sped past Wall Street's expectations.
October 17 -
Approximately three years after the one-time non-depository bought Roscoe (Texas) State Bank, Cornerstone Capital Bancorp agreed to purchase Peoples Bancorp.
October 17 -
Regional banks say their asset quality is solid amid skittish investors. The KBW Nasdaq Regional Banking Index was largely stable Friday after falling by as much as 7% the day before.
October 17 -
Coordinated sanctions target two networks behind so-called pig butchering scams, human trafficking and money laundering for North Korean cybercrime groups.
October 17