EUGENE, Ore. - (01/10/05) -- Oregon Community CU said it raisedmore than $70,000 for tsunami relief during a 14-hour telethon lastThursday with the American Red Cross and the local broadcastingnetwork. The telethon was conducted by credit union employees outof the credit union's headquarters. The Washington CU Foundationdonated $10,00o to relief efforts, and a separate $500 emergencygrant to a Malaysian employee at the Credit Union Northwest, inSeattle, to she could fly home to Indonesia to search for missingfamily members. The Ohio CU foundation also donated $10,000 inrelief aid last week. Redstone FCU, in Huntsville, Ala., likeseveral other credit unions, has opened its doors to non-members tohelp it raise disaster relief funds. And Truliant FCU,Winston-Salem, N.C., held the first of a series ifpicnic-fundraisers Saturday to collect donations for Tsunamivictims.
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As AI and digital assets become mainstream, banks are spotting new opportunities to integrate payments with other activities.
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House Republicans overcame internal divisions to narrowly pass President Trump's tax and spending package Thursday afternoon. The measure would cut the Consumer Financial Protection Bureau's funding level, among other provisions.
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A new partnership with Google Cloud will let the Spanish bank offer Gemini to all staff after a successful ChatGPT deployment.
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Atlanta-based CoastalSouth's initial public offering prices at $21.50 a share; Valley National Bancorp announces Lyndsey Sloan will succeed Gary Michael as general counsel; Webster Financial Corporation taps a new chief risk officer and appoints a new board member; and more in this week's banking news roundup.
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Capital One closed the deal to buy the credit card provider in May and as part of the review process, decided to exit its home equity lending business.
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In a rare move for a credit union, the Seattle institution has snapped up the 13-member team that created EarnUp's AI Advisor product.
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