CU Launches Smart Phone AppsRome, N.Y.-AmeriCU Credit Union launched new applications for iPhone & Android users for its recently upgraded mobile banking platform. The credit union reported that 11,000 of its 115,000 members use mobile banking services, and of those 11% are Android users and 55% are iPhone users. The new apps are also integrated with smart phone GPS, which locates AmeriCU's financial centers and ATMs within the closest proximity. Links can be found at www.AmeriCU.org.iPad Giveaway Boosts E-StatementsHas art, Community First iPad.jpgOTTUMWA, Iowa-The chance to win a new iPad2 for switching from printed statements to e-statements, encouraged more than 1,300 Community 1st Credit Union members to go paperless and sign up for e-statements, the CU reported. Its "Go Paperless & Win an iPad2" campaign, which kicked off the last week of August and went through the end of October, increased the 46,000-member credit union's e-statement enrollments by 2.5%.SECU Adds Text BankingLINTHICUM, Md.-SECU here has enhanced its mobile banking offerings and now offers Text Banking and an iPhone app for Mobile Banking, along with Mobile Deposit for iPhones and iPads. The credit union said it is preparing to release Android and BlackBerry apps with Mobile Deposit soon.For info: www.secumd.org/mobile.Xtreme Bank MakeoverEL SEGUNDO, Calif.-Xceed Financial FCU has rolled out what it is calling "Extreme Makeover: Online Banking Edition." "The all-new online financial resource provides members with advanced financial management and budgeting tools, along with traditional online banking functions that have been made more flexible and easier to use," the credit union said. The enhanced options include the ability for members to include cash transactions and accounts from other financial institutions.Member education has included a series of Extreme Makeover-themed member emails, standard mail, in-branch marketing materials, and web-based promotions.Downloads Track UpgradeHas art, MCU Android.jpgSAN JOSE, Calif. Meriwest Credit Union reported that its members performed more than 2,500 downloads to upgrade or install a new version of the Meriwest Mobile Banking application on both the iPhone and Android platforms. The upgraded versions provide enhanced usability, more detail in transaction histories and access to built-in financial tools, the credit union said.
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Amerant Bancorp in Coral Gables, Florida, appointed Carlos Iafigliola its permanent president and CEO; Morton Community Bank in Illinois reached a deal to buy a three-branch franchise in the Land of Lincoln; Bank First in Manitowoc, Wisconsin, agreed to acquire PSB Holdings; and more in this week's banking news roundup.
May 22 -
President Donald Trump administered Federal Reserve Chair Kevin Warsh's oath of office in a ceremony Friday morning. Warsh is expected to pursue changes at the central bank, including a push to reduce its $6.7 billion balance sheet.
May 22 -
Federal Reserve Gov. Christopher Waller said in a speech Friday that he favors holding interest rates steady until energy prices fall, but noted that the central bank should be ready to hike rates if inflation gets too far out of hand.
May 22 -
Cetin Duransoy said every employee at his company is now using AI in some way.
May 22 -
Many banks are missing revenue and cost-cutting opportunities—and potentially disenfranchising customers by not offering relevant app details.
May 22 -
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.
May 21








