Fintech

GRAND RAPIDS, Mich. — Xtend, Inc., a CUSO that supplies managerial, operational, marketing, technical planning and consulting services for credit unions, on Thursday said South Bay CU, Redondo Beach, Calif., is its newest credit union stakeholder.

MIDLAND, Mich. — Dow Chemical Employees' Credit Union on Thursday said it will set a new record with its Member Giveback Rebates and Rewards for 2015.

After years of interest rates near 0%, credit unions were pleased by the Federal Reserve’s Federal Open Market Committee decision to raise the Fed Funds rate.

Filene Research Institute announced that Summit Credit Union, a $2.3-billion institution based in Madison, Wis., signed up to participate in a Filene Impact Lab program called “Larky.”

Raddon Financial Group, a provider of financial industry research and trends data, said in 2015 it added 50 new financial institutions as clients, including 40 credit unions. The remaining 10 comprised seven banks and three other institutions.

Green Dot is giving its chief financial officer job to Mark Shifke, who has been the firm's acting CFO for the last seven months.

Two New Mexico credit unions became the first credit unions in the state to earn the “Juntos Avanzamos” designation.

Municipal Employees Credit Union Of Baltimore (MECU), a $1.2-billion institution based in Baltimore, Md., said its members received a loan interest rebate last week and will receive an “extraordinary dividend” at the end of this month.

Ascend Federal Credit Union, a $1.8-billion institution based in Tullahoma, Tenn., said it has issued bonus dividends and loan interest refunds totaling more than $6 million.