GEISMAR, La. – Wymar FCU celebrated gave its members a half-million reasons to celebrate the New Year. The 48-year-old credit union sent its members $250,000 in Bonus Dividends and a $250,000 in Interest Refunds-- for a total return of $500,000. The $250,000 Bonus Dividend represented 69.9% of the dividends already paid to the members in 2006. The $250,000 Interest Rebate represented a return to the credit union’s members of 16.4% of the interest they had paid on their loans during 2006. The $42 million credit union was chartered in 1958 to serve the financial needs of the employees of what is now BASF Geismar, Louisiana.
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Governor Gavin Newsom announced the swearing in of Rohit Chopra as secretary of the California Business and Consumer Services Agency, Amalgamated Bank of Chicago promoted Cherie Duve to executive vice president and chief legal officer, Ramon M. Rodriguez joins USCB Financial Holdings and U.S. Century Bank as an independent director, and more in this week's banking news roundup.
July 3 -
The Open Standard consortium understands what makes a stablecoin valuable isn't how digital it is, but how ubiquitous it is
July 3 -
Low daily, weekly and monthly Zelle limits can cause users to switch to other payment networks, raising the ante for banks to find solutions.
July 3 -
A tour of the technology that banking has run on, dating back to Franklin's anti-counterfeit measures and the bank-note bulletin that preceded American Banker.
July 3 -
Sen. Elizabeth Warren, D-Mass., is asking President Trump's son Eric if he plans to refile a lawsuit against Capital One Financial for allegedly "debanking" hundreds of Trump Organization accounts. The letter follows President Trump's nomination of a Capital One executive to lead the Consumer Financial Protection Bureau.
July 2 -
The fintech sponsor bank plans to offer digital asset services.
July 2










