WASHINGTON - (09/21/05) -- From San Antonio to Houston, creditunions in the Lone Star State are going far beyond providing loansand deposit services to help the victims of Hurricane Katrina, whoare dispersed all around the state's eastern borders. "Ouremployees are out volunteering, working at shelters. several haveopened up their homes; doing whatever is necessary," said JohnWorthington, vice president at Security Service FCU, in SanAntonio, where more than 25,000 have been evacuated from NewOrleans. Security Service FCU has even given jobs to a couple ofevacuees, one as a teller and another as a loan officer. Avolunteer team at San Antonio FCU, known as 'Helping Hands,' hasdeployed throughout east Texas, manning the shelter at Kelly AirForce Base, where the $3 billion credit union was formed; sortingdonated clothing, clearing trash; helping workers in Houston'sAstrodome, according to Edward Riojas, Jr., vice president at the$3 billion credit union. "Most of the evacuees did not have cars,or own homes. Lots of them are welfare recipients and living inpublic housing. They don't have any place to go back to. A lot ofthem are going to end of staying in Texas," Riojas told The CreditUnion Journal, during NAFCU's annual Congressional Caucus. RandySmith, president of Randolph-Brooks FCU, said his credit union ishelping New Orleans evacuees who left home without checkbooksfigure out routing numbers for checks; or to get help through theFederal Emergency Management Agency.
- AB - Policy & Regulation
The D.C. Circuit Court of Appeals halted the Trump administration's attempt to fire nearly two-thirds of the Consumer Financial Protection Bureau's workforce, upholding a March 2025 injunction.
53m ago -
JPMorganChase wants to expand its digital bank offerings to three more European countries, according to a new Financial Times report; M&T Bank Corp. elects Jerry Jacobs Jr. to the board of directors of both its parent and banking subsidiary; Citizens Financial Group names Chris Emerson as head of investor relations; and more in this week's banking news roundup.
June 19 -
Banks that don't embrace embedded payments now risk losing out to more nimble rivals in the near future.
June 19 -
Anthropic's head of banking told New York Banking Summit attendees that the future is agents that operate autonomously alongside employees.
June 19 -
Chair Travis Hill said SVB showed banks can't always sell securities fast enough to cover deposit outflows, but acknowledged the "stigma problem" with discount window borrowing remains unsolved.
June 18 -
At a conference in New York, Joseph Otting reflected on the difficult hiring decisions he made early in his tenure heading Flagstar Bank, which just two years ago was on the verge of collapse.
June 18









