Who doesn’t want more money in their pockets? In early 2011, ABNB Federal Credit Union made a commitment to help members save money.
Fed vote on interchange today kicks wait-and-see into high gear for credit unions.
The interchange cap, loan demand, compliance burdens and corporate pricing are all figuring in the early discussion of those newly named Federal Reserve panels composed of bank and credit union CEOs.
Underscoring a policy aimed at reaching out to small community banks and credit unions, the Federal Reserve Board and its district banks last week began completing a series of high-level CEO appointments to its new advisory panels.
CEOs being appointed this month to the newly formed advisory panels of Federal Reserve district banks are eager to become CU advocates and plan to raise the debit interchange issue.
Belvoir Federal Credit Union, Woodbridge, Va., catered a smorgasbord of Thanksgiving dishes to 15 soldiers who were unable to take leave during the holiday season due to their meticulous training on Fort Belvoir.
Accelerated Financial Solutions LLC of Chesapeake, Va., said it has created nearly 20 new jobs with the opening of a satellite office and call center in Smithfield, Va.