The $73 million, 9,500-member Bridgeway Federal Credit Union in Poughkeepsie, N.Y., has been recognized as a community development financial institution by the Community Development Financial Institutions fund.
Demand for help in seeking Community Development Financial Institutions Fund grants prompts move.
Poughkeepsie, N.Y., credit union earns designation that will help its serve the underserved.
Big bank accommodated money flow for Mexican drug traffickers, allowed customers to conduct business with sanctioned countries, including Iran.
Third-quarter figures for federally insured credit unions last week were welcome news and the result of a lot of hard work by credit union professionals around the country. Certainly not a gift, though we all appreciate those (iPad2, please), but something to savor because you’ve earned it.
Credit unions and consumers deserve the gift that keeps on giving – burgeoning membership and expanded services, including small business lending.
Gregory Mitchell, former CEO of First PacTrust Bancorp and PacTrust Bank, succeeds Benson Porter, now CEO at BECU.
Treasury Department cites $1.5 billion increase from first quarter showing.
Sens. Chuck Grassley of Iowa and Mark Kirk of Illinois take Treasury secretary to task over non-action in LIBOR manipulation scandal.
The Financial Stability Oversight Council has started the clock on a six-month process for designating a non-bank as systemically significant.