HONOLULU - Ariel Chun, president and CEO of the University of Hawaii FCU for the last 23 years, announced she is retiring on Dec. 31.
Chun has grown the credit union from a small mom-and-pop shop to more than $390 million in assets and 23,000 members.
The credit union, which serves the University of Hawaii and affiliated community colleges, reported a midyear operating net of $4 million, which doesn’t include an NCUSIF stabilization charge.
Beast Industries, owned by the YouTube star known as MrBeast, has acquired the Gen Z-oriented financial wellness app Step.
The iOS technology enables payments without requiring merchants to add extra hardware. The card network is embedding the option into a broader suite of merchant technology to bolster its services strategy amid competition from Mastercard and fintechs like Block and Stripe.
A housing bill that already passed the Senate cleared the House Monday evening, but included bipartisan community banking provisions that have already raised objections in the upper chamber.
Fifteen banks have failed since November 2019, with the most recent one occurring on Jan. 30.
The Government Accountability Office was tasked with investigating the Consumer Financial Protection Bureau's stop-work order, but CFPB officials refused to meet with or provide information to Congress' investigative arm.
Federal Reserve Gov. Christopher Waller said comments from banks and fintech firms reveal sharply different priorities in the creation of the central bank's proposed "skinny" master accounts.
