FARMERS BRANCH, Texas - (09/30/05) -- Of 48 credit unions operating 66branches in south Texas that were hit by Hurricane Rita, 19 arefully operational, 12 are partially operational and nine arenon-operational, although several were expected to open Thursday.Eight have remained out of touch with authorities, according to theTexas CU Leaguue. Credit unions in Beaumont, Orange, Port Arthurand Jasper, Texas, are being told it could be up to four weeksbefore power is restored. The Texas league, meanwhile, said itfielded hundreds of calls on just Wednesday alone from credit unionmembers trying to get a status report on their credit unions.Meanwhile, Member Service Centers reported it is working toexpedite the addition of several affected credit unions to the MSCshared branching network to give their members access to more than1,800 shared branching locations.
-
Bridge will join a number of digital asset firms vying for the coveted charter, seizing on the crypto-friendly environment in the second Trump term.
October 14 -
Treasury laid off all of its Community Development Financial Institution Fund staff on Friday, with the reduction in force notices saying that the department plans on abolishing the fund.
October 14 -
After a quarter in which Goldman Sachs beat Wall Street's expectations, CEO David Solomon said he was seeing a "meaningful improvement" in the macroeconomic environment.
October 14 -
The San Francisco-based banking giant reported a 9% annual jump in quarterly profits. It also made official its appointment of CEO Charlie Scharf as chairman.
October 14 -
The megabank's multiyear effort to simplify its business model and improve its risk management is starting to pay off in the form of more consistent profitability and improved returns, CEO Jane Fraser told analysts.
October 14 -
The credit infrastructure and analytics company secured $35 million in a Series D funding round, led by Socium Ventures, the venture capital division at Cox Enterprises, to expand cash-flow underwriting into auto lending and personal loans.
October 14