Veridian Credit Union in Waterloo, Iowa, has obtained certification as a Community Development Financial Institution.
The $2.8 billion-asset Veridian was granted CDFI status by the U.S. Treasury Department, according to a Monday news release.
Veridian joins five other Iowa institutions as qualified CDFIs, according to the credit union. CDFIs provide financing assistance to low-income, underserved individuals and to economically distressed areas.
The AI lending platform provider's leaders shared their views on how the company will evolve over the next 10 years.
Shareholder support for KeyCorp's executive compensation packages fell Thursday to 63%, down from 89% last year. Proxy advisory firms had recommended a "no" vote after the Cleveland-based bank made off-cycle awards to top executives.
The platform, which was built in-house, delivers $10 million in cost avoidance, with at least $35 million in potential savings from fewer complaints, executives said.
Questions remain whether Trump can legitimately remove board members from the National Credit Union Administration, and the answers lie in the courts.
The Federal Reserve chair said there is "room for improvement" in how the central bank conveys economic uncertainties to markets and the public.
The top five credit unions in the ranking had combined assets of more than $326 billion as of Dec. 31.
