Corporate finance

Through a unique partnership, Nutmeg State Financial Credit Union offers DMV services at two of its locations. So far the results have showcased the power of technology.

The settlement of a fight with an insurance company over officer and director coverage yielded a $6 million payout for FNCB in Dunmore.

The Massachusetts-based institution has paid out over $10 million to its members since 1996.

There is no banking crisis, but the president’s actions are threatening to create one.

Utilizing AI and automation will help stop hackers and reduce repetitive jobs, allowing institutions to save money and reinvest more into products for members.

The Indiana-based institution has increased its starting pay for the last three years.

The Minnesota-based institution expects to $10,000 per month by switching its core systems.

Malaysia files criminal charges against Goldman Sachs over 1MDB; Wall Street banks hit by market volatility while small banks face margin compression.

The North Carolina-based institution distributed more than $624,000 with some members receiving as much as $500.

Two U.S. senators demand an investigation into the German bank over security, criminal risks; the Treasury has proposed rules to help foreign banks deal with last year’s tax law.

More acquainted with the quick decision-making style of the banking world, the comptroller of the currency found a policymaking environment in D.C. that moves at a slower pace.

Pennsylvania-based institution will give back $600,000 to members next month.

According to data from the NCUA, the industry had double-digit increases in several key metrics even as the number of institutions continued to decline.

The Oregon-based institution deposited the bonus in members’ high-yield accounts Wednesday.

This will be the 10th consecutive special patronage dividend that the Ohio institution has paid out to members.

Members received payouts ranging from $10 to $250 per activity based on how they transact with the Colorado Springs-based institution.

The agency's semiannual report on risks in the industry focused heavily on the high volume of commercial loans as well as banks' exposure to nonfinancial corporate debt, which is near a record share of GDP.

The credit union also reported increases in loans and membership.

The Mt. Pleasant, Wis.-based credit union has returned more than $7 million to members in the last three years.

The federal regulator cited recent “cost savings” and promising projections for costs and revenue next year in announcing the reduction in assessments.