NEW YORK—With competition in the credit card space as challenging as ever, Citi has announced its AAdvantage Platinum Card is offering a limited time welcome bonus of 75,000 American Airlines AAdvantage miles after cardholders spend $3,500 within the first four months.
Fresh Today
ALEXANDRIA, Va.–NCUA has filed charges against a former credit union CEO it alleges took substantial money from the credit union in unapproved funds, caused losses to the CU, and hid the scheme in bogus board minutes he created and then had the former chairman sign.
GRANDVILLE, Mich.–“Letters like this are always difficult to write,” the chairman of one credit union told its members as it seeks to merge. That was just one of the messages to members featured in this new CUToday.info roundup of the latest disclosure forms filed with NCUA by credit unions seeking to combine with others.
NEW YORK–Another report has found that smaller banks are being forced to “pay up to keep their deposits.”
ARLINGTON, Va.—Existing home sales fell 2.4% in March to a seasonally adjusted annual rate of 4.44 million units, a “stark contrast” to the 14.5% rise in February, NAFCU noted.
WASHINGTON–In the wake of a decision by the NCUA board to publish a request for information (RFI) on climate-related financial risk, CUNA is expressing concern it will eventually lead to new rulemaking.
ARLINGTON—Credit unions’ participation in small business lending is restricted by regulatory burden, as well as the member business loan (MBL) cap, a new study suggests.
WASHINGTON—Sens. Sherrod Brown (D-OH) and J.D. Vance (R-OH) are calling on the Federal Reserve to ensure Ohio’s privately insured credit unions can access the Fed’s Bank Term Funding Program (BTFP).
JACKSONVILLE, Fla.–Two large northeast Florida credit unions have announced plans to merge to create a credit union approaching one-million members.
VENTURA, Calif.–County Schools FCU has named a new president and CEO.