LAKE JACKSON, Texas – Texas Dow Employees CU said it raised its members payout by more than 50% this year, to over $1.7 million.
The $1 billion credit union paid $1 million in bonus dividends, including a $5 flat payment to everyone, plus a 2% payout on dividends paid on savings and CDs for the period January-November 2007.
It also paid an interest rebate totaling $654,000, equivalent of 2% back on all eligible loans.
In conversations about small business banking, ChatGPT, Gemini and Perplexity recommended Mercury far more often than licensed financial institutions.
Recent tax law changes are prompting businesses to rethink entity structures. Here's what financial advisors need to know when guiding clients or making decisions about their own RIAs.
The days of a few firms hiring a summer intern with vague plans for them to perform menial tasks around the office may be finally coming to an end. Here's how experts say RIAs can create successful internship programs.
The Federal Reserve Thursday issued an enforcement action barring Renee Nicole Brown from the banking industry after she pleaded guilty to embezzling roughly $246,000 from teller cash dispensers over the course of a year.
Freddie's 30-year hit 7.03%, first above 7% since Jan. 2025, as 10-year yield tops 5.1%. ARM share jumped to 9.8%; lenders should pitch ARMs to keep payment-sensitive buyers.
Senate Democrats, led by Senate Banking Committee ranking member Elizabeth Warren, D-Mass., reintroduced a bill meant to solidify the debt liability between private equity firms and their portfolio companies, among other changes.
