Credit union

LINKBANCORP, INC. Announces Sale of New Jersey Operations

Retrieved on: 
목요일, 5월 9, 2024
Partner, Honigman LLP, LINK, Credit union, Liberty Bell Bank, Bank, Bell Bank, PC, CAMP

The transaction includes approximately $105 million of deposits and $123 million in loans.

Key Points: 
  • The transaction includes approximately $105 million of deposits and $123 million in loans.
  • The transaction is subject to customary closing conditions, including regulatory approvals, and is expected to close in the second half of 2024.
  • Stephens Inc. served as financial adviser and Luse Gorman, PC provided legal counsel to LINK.
  • Olden Lane Securities, LLC served as financial adviser and Honigman LLP and The Weber Firm, LLC provided legal counsel to American Heritage Federal Credit Union.

Alkami Awards Industry-Leading Financial Institutions for Innovation in Digital Banking Excellence

Retrieved on: 
목요일, 5월 9, 2024
Unitus, Digital technology, Credit union, Digital, Organization, Growth, PeoplesChoice Credit Union, Cryptocurrency

PLANO, Texas, May 9, 2024 /PRNewswire/ -- Alkami Technology, Inc. (Nasdaq: ALKT) ("Alkami"), a leading cloud-based digital banking solutions provider for financial institutions in the U.S., announced as a part of its 2024 Co:lab programming, the four honorees of the company's annual FIsionaries™ Awards that highlight innovative initiatives through Alkami's FIsionaries™ podcast. Sponsored by Alkami and hosted by financial services influencer Jim Marous, the podcast shines a light on financial institutions at the bleeding edge of digital transformation.

Key Points: 
  • Sponsored by Alkami and hosted by financial services influencer Jim Marous , the podcast shines a light on financial institutions at the bleeding edge of digital transformation.
  • "This visionary podcast talks directly to regional and community financial institutions about the digital transformation process in all stages of the journey.
  • Each story exemplifies how financial institutions across the country are using technology to compete with the largest players in financial services.
  • "Alkami takes immense pride in honoring these exceptional financial institutions and their transformative initiatives," said Alex Shootman, chief executive officer at Alkami.

Ripple and XRPL Labs Join Hedera and Algorand Ecosystems As Founding Members of DeRec Alliance

Retrieved on: 
목요일, 5월 9, 2024
Constellation, XRP, Organization, Ecosystem, DLT, A.I, Safety, Risk, Policy, Credit union, Blockchain, Software, Web 2.0, Entrepreneurship, Friends, Digital, Senior, Music, Growth, Cryptocurrency

ST. MORITZ, Switzerland, May 9, 2024 /PRNewswire/ -- Ripple, the leading provider of enterprise blockchain and crypto solutions and XRPL Labs, the company that develops wallets and other software for the XRP ledger, have joined Swirlds Labs and the Algorand Foundation as the Founding Members of the DeRec Alliance, with two-year seats on the Technical Oversight Committee (TOC). Acoer, BankSocial, Blade Labs, The Building Blocks, Casper Association, Constellation Network, The Hashgraph Association, The HBAR Foundation, and Revive Labs have also joined as Alliance Members, to provide inputs on policies and oversight, and work together to develop a new interoperability recovery standard that will dramatically simplify the recovery and adoption of crypto and other assets.

Key Points: 
  • Founding members hold a two-year seat on the Technical Oversight Committee (TOC), provide input on Alliance governance structure, and offer input on core Alliance policies.
  • "I'm thrilled with the addition of these new members to the DeRec Alliance," said John Woods, CTO of the Algorand Foundation.
  • ⁤⁤I am proud that XRPL Labs is a founding member committed to pushing the boundaries of what's possible together."
  • Organizations interested in joining the DeRec Alliance, or in adopting technology that leverages the DeRec Alliance protocol can visit https://derecalliance.org/ .

Annual Charitable Promotion from Affinity Plus Federal Credit Union Helps Generate Big Results for Special Olympics Minnesota

Retrieved on: 
수요일, 5월 8, 2024
Women, Other Philanthropy, Teens, Men, Children, Family, Finance, Banking, Consumer, Fund Raising, Professional Services, Philanthropy, Fitness & Nutrition, DEI (Diversity, Equity and Inclusion), General Sports, People with Disabilities, Sports, Health, Education, Minnesota State University Moorhead, Winona State University, Credit union, Intellectual, Special Olympics, Olympic Games, Athlete, Multimedia, Special, Bemidji State University

Plungers that used the code AFFINITYPLUS at registration went on to collectively raise nearly $600,000 for Special Olympics Minnesota this year.

Key Points: 
  • Plungers that used the code AFFINITYPLUS at registration went on to collectively raise nearly $600,000 for Special Olympics Minnesota this year.
  • As part of this promotion, Affinity Plus will make a direct donation to the organization for more than $100,000.
  • We’re working to spread awareness and support Special Olympics Minnesota, while helping create a more-inclusive world,” said Dave Larson, Affinity Plus CEO.
  • "Affinity Plus stands out as an incredible partner of Special Olympics Minnesota,” said Dave Dorn, President and CEO of Special Olympics Minnesota.

Blend Announces First Quarter 2024 Financial Results

Retrieved on: 
수요일, 5월 8, 2024
Professional Services, Technology, Software, Finance, Fintech, Banking, Digital Cash Management, Digital Assets, Total, BLND, Credit union, Partnership, Employment, GAAP, Strategic partnership, Balance sheet, Bank

Blend Labs, Inc. (NYSE:BLND), a leader in cloud banking software, today announced its first quarter 2024 financial results.

Key Points: 
  • Blend Labs, Inc. (NYSE:BLND), a leader in cloud banking software, today announced its first quarter 2024 financial results.
  • “Blend continued to grow our customer base and product suite in the first quarter.
  • Blend significantly improved its cash burn, resulting in unlevered free cash flow for the quarter of $(1.3) million compared to $(14.4) million in the previous quarter and $(40.0) million in the comparative quarter in the prior year.
  • Blend is providing guidance for the second quarter of 2024 as follows:

Texans Credit Union Enters a New Era with Bold Redesign

Retrieved on: 
수요일, 5월 8, 2024
Credit union, Texas Instruments, Marketing, ATM, Tech, Research, Social media, The Tech Report, Renewable energy

RICHARDSON, Texas, May 8, 2024 /PRNewswire/ -- Texans Credit Union (Texans), a leading financial institution with a 70-year legacy of dedicated service to the North Texas community, proudly unveils its new logo. The redesign represents a bold step forward, embodying the organization's commitment to its Texas Instruments (TI) heritage, tradition, innovation and the vibrant spirit of Texas.

Key Points: 
  • RICHARDSON, Texas, May 8, 2024 /PRNewswire/ -- Texans Credit Union (Texans), a leading financial institution with a 70-year legacy of dedicated service to the North Texas community, proudly unveils its new logo.
  • Throughout its storied history, Texans has undergone various redesign efforts, each reflecting its evolving identity and commitment to its members.
  • However, this latest redesign marks a significant milestone, representing Texans' dedication to its core values and signaling a bold step forward into the future.
  • The chosen fonts, Azo Sans Medium for "TEXANS" and Neuzeit Grotesk Regular for "CREDIT UNION," embody modernity and authenticity.

Connect First and Servus Credit Union announce inaugural Board Chair

Retrieved on: 
금요일, 5월 3, 2024
Credit union, Servus Credit Union, Special, Chair

CALGARY, Alberta, May 03, 2024 (GLOBE NEWSWIRE) -- Connect First and Servus Credit Union announced, today, that Perry Dooley has become the inaugural Chair of the Board of Directors for the newly merged entity.

Key Points: 
  • CALGARY, Alberta, May 03, 2024 (GLOBE NEWSWIRE) -- Connect First and Servus Credit Union announced, today, that Perry Dooley has become the inaugural Chair of the Board of Directors for the newly merged entity.
  • Dooley brings a wealth of experience and expertise to Connect First and Servus Credit Union having served on the Servus Board since 2009, including as Chair since 2023.
  • Serving alongside Dooley are six other Directors from Servus Credit Union’s prior Board and five Directors from connectFirst Credit Union’s prior Board.
  • Servus and connectFirst are trade names of Connect First and Servus Credit Union Ltd. All rights reserved.

Bankjoy Hosts Largest Client Conference Yet at Elevate 2024

Retrieved on: 
금요일, 5월 3, 2024
Banking, Professional Services, Mobile, Wireless, Technology, Fintech, Deposit, Lafayette Federal Credit Union, Elevate, The Digital Age, EVP, Credit union, Silverado Resort and Spa, Bankwell, FIS, Leading, Dawn, Information Age, Management

Leading digital banking provider, Bankjoy hosted its client conference at Elevate 2024 , which was held April 17-19 in Napa, California at the Silverado Resort.

Key Points: 
  • Leading digital banking provider, Bankjoy hosted its client conference at Elevate 2024 , which was held April 17-19 in Napa, California at the Silverado Resort.
  • Elevate 2024 provided bank and credit union leaders an exclusive opportunity to network with fellow Bankjoy clients and peers, get a first-hand look at the company’s newest product innovations, and more.
  • Given the success, our team anticipates another successful client conference in 2025.”
    “Elevate was a worthwhile experience.
  • “Between the energizing opening keynote from Mark Weber, the breakout sessions, and the networking activities in Napa, Elevate was an excellent event and I’m looking forward to future Bankjoy user conferences.”

SAFE Credit Union Board Elects Rick Blumenfeld as New Chair

Retrieved on: 
목요일, 5월 2, 2024
Credit union, Volunteering, Pleasure, Arthur Andersen, COVID, Tremelling, SAFE, Certified Public Accountant, Faculty, University, Management

FOLSOM, Calif., May 2, 2024 /PRNewswire/ -- As SAFE Credit Union continues its business transformation and adopts a stated purpose of helping its members build financial freedom, the SAFE Credit Union Board of Directors recently elected a new chair.

Key Points: 
  • FOLSOM, Calif., May 2, 2024 /PRNewswire/ -- As SAFE Credit Union continues its business transformation and adopts a stated purpose of helping its members build financial freedom, the SAFE Credit Union Board of Directors recently elected a new chair.
  • The board elected Rick Blumenfeld as chair of the all-volunteer body that leads governance for the $4.6 billion financial institution.
  • Blumenfeld joined SAFE's board in 2014 and served as treasurer from 2018-2023 before being named 1st Vice Chair.
  • "It has been an absolute honor serving as chair for the SAFE Credit Union board," Tremelling says.

PBC publishes 3rd annual Cannabis Banking Directory

Retrieved on: 
수요일, 5월 1, 2024
Sale, Congress, HR, Credit union, Insurance, Conference, Directory, Legislation, Member, Government, PBC, Knowledge, Drug

The PBC Cannabis Banking Directory is one of several free Industry Resources offered by PBC and complements the recent launch of the PBC Certification Program , which establishes a standardized baseline of knowledge for cannabis bankers and compliance professionals, to meet the industry's demand for qualified talent.

Key Points: 
  • The PBC Cannabis Banking Directory is one of several free Industry Resources offered by PBC and complements the recent launch of the PBC Certification Program , which establishes a standardized baseline of knowledge for cannabis bankers and compliance professionals, to meet the industry's demand for qualified talent.
  • The PBC Level I Certificate course is live and is designed for learners keen on grasping the foundational concepts of cannabis banking and compliance.
  • PBC's premier offering is a two-day conference held in Washington, D.C. that convenes top executives in the cannabis banking industry, as well as those working across cannabis compliance, legislation, regulation, and ancillary businesses that address seed-to-sale tracking, cannabis data, 280E taxes, HR & Payroll, insurance and more.
  • Past participants have included State Cannabis Regulators, Banking Regulators, IRS Commissioners, Senators, Members of Congress, and other federal and state regulators and legislators.