TORONTO – For the third year in a row, NAFCU awarded Members First FCU its ‘White Hat’ award for raising the most funds for NAFCU’s political action committee. But this year’s award was for an off-the-charts performance as the Mechanicsburg, Pa., credit union raised $80,000 in PAC money in 2005, the most ever by any credit union in a single year. Members First President Robert Marquette, who challenged each credit union to get involved in raising political action funds, said they raised the money by selling NAFCU stuffed bears, holding golf tournaments, and with a variety of other events. The $900 million credit union has raised almost $150,000 for NAFCU’s PAC over the past three years.
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Federal Reserve Chair Jerome Powell said there was a "high degree of unity" among committee members during this week's Federal Open Market Committee vote. Out of 12 FOMC members, 11 voted for a 25 basis point cut.
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Community Financial in Syracuse has made its biggest investment ever in an outside company, taking a $37.4 million equity stake in an insurance provider that focuses on the rental housing market.
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The two BNPL giants' pay-over-time loans will now be available for in-store purchases on Apple Pay in a move to capture more sales at brick and mortar stores.
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State regulator says blockchain tools are key to detecting money laundering and sanctions violations.
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