KALAMAZOO, Mich. – The Michigan credit union movement lost a friend last week with the death of Bobby McCulley, chairman of the board of OMNI Community CU and a long-time volunteer, at 72.
McCulley served in several volunteer roles over the past 20 years, as director of Ralston Purina CU until its 1984 merger with OMNI, then on OMNI’s board as well as chairman of the policy, personnel, and building committees.
RIAs who work with Charles Schwab have long worried Schwab competes with them for business. Could Vanguard's pending purchase of Altruist put Altruist RIAs in the same position?
Banks are more prone to say artificial intelligence model performance has a high level of risk than credit unions, according to new American Banker research.
The bank's strategy for getting from experimentation to measurable ROI is a model others should consider.
Regulators issued a joint statement Wednesday clarifying that banks can discuss facts surrounding suspicious activity with customers so long as they do not disclose the existence of a suspicious activity report explicitly.
Block added 30,000 sellers to what it calls "Neighborhoods," a proprietary distribution network that connects Cash App users with Square sellers. It is a key initiative Block CEO Jack Dorsey first outlined in 2024 as a way to meld the company's then-separate business lines to achieve network effects.
The core provider says ShinyHunters' breach affected fewer than 10 financial institution clients.
