Following the bursting of a pipe at Farmington Middle School West that damaged the school's entire computer lab, US Federal Credit Union has donated 40 computer systems to replace those ruined by the water and flooding. The donation was the result of USFCU employee Jon Hallberg, Director of Network Telecom Services who saw a televised news report of the incident and contacted the school. As the school closed for the day to allow clean-up, Hallberg discussed details with principal Dr. Steven Geis. School officials have been preparing to install the computers and expect to have them ready for students to use during April.
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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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The Federal Open Market Committee's decision to reduce interest rates for the first time in nine months lifted bank stocks Wednesday. The 25-basis-point reduction could lead to net interest income headwinds now, but loan growth later, analysts said.
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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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St. Cloud Financial Credit Union will be issuing its own stablecoin at the end of this year, becoming one of the first U.S. credit unions to do so.
September 17 -
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.
September 17 -
State regulator says blockchain tools are key to detecting money laundering and sanctions violations.
September 17