ALBANY, N.Y. – The $5.2 billion Empire Corporate said it is increasing its investment in the National Credit Union Foundation's Community Investment Fund to $10 million. It was previously $500,000. The $10 million investment will be divided among the four states Empire has branch offices – New Jersey, South Dakota, Rhode Island and New York. In other news, Empire and its wholly-owned broker/dealer MemberTrade Financial Group launched a new CD product, CD Solutions. CD Solutions is designed to save CUs time by gathering CD rates offered by federally insured banks nationally and providing it to credit unions to choose from. Once authorized, Empire will place the CD with the issuing institution on the credit union's behalf. No terms or conditions are altered and the credit union receives the full value offered by the participating bank.
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
- Exclusive discounts on ALM and CU Times events.
- Access to other award-winning ALM websites including Law.com and GlobeSt.com.
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
