HUNTSVILLE, Ala.–Redstone Federal Credit Union has announced a $3-million contribution to support theconstruction and establishment of the new Alabama School of Cyber Technology and Engineering. It is the largest contribution to the school’s foundation to date. It will be paid out over 10 years.
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ALEXANDRIA, Va.–NCUA has issued two prohibition orders and five prohibition notices, meaning all seven people are prohibited from participating in the affairs of any federally insured financial institution.
MADISON, Wis.—All credit union positions have seen compensation increases over the past year, but the increases seen in a new report are smaller than those of one year earlier, according to CUES.
LONDON—U.K. fintech startups have reached a record level of $2.9 billion of funding in the first half of this year across a total of 123 deals.
SAN FRANCISCO—Ripple, a provider of blockchain for global payments, has entered into a strategic partnership with MoneyGram. MoneyGram is one of the world’s largest money transfer companies.
RIDGECREST, Calif.–After numerous skimmer attacks in this community, Desert Valleys FCU has donated a “BlueSleuth” Bluetooth Skimmer Locator to the Ridgecrest Police Department.
LACKAWANNA, N.Y.–Two masked men leaped over the counter of a credit union here and sprayed two tellers with an unknown substance before making off with two duffel bags of cash, according to police and the FBI.
COLUMBUS–Ohio Gov. Mike DeWine has signed into law legislation that will allow credit unions and other financial institutions to legally serve businesses that cultivate hemp and sell Cannabidiol (CBD) products when either of those compounds contain less than 0.3% of tetrahydrocannabinol (THC), the active ingredient in marijuana.’
MILWAUKEE, Wis.—In the past three months, La Macchia Group is reporting it has celebrated 11 groundbreakings and ribbon cuttings, kicking off construction and commemorating grand openings at credit unions and banks throughout the country, the company said.
NEW YORK—Second quarter earnings reports from card-issuing banks reveal small improvements in credit card spend.