GEISMAR, La. – Wymar FCU celebrated gave its members a half-million reasons to celebrate the New Year. The 48-year-old credit union sent its members $250,000 in Bonus Dividends and a $250,000 in Interest Refunds-- for a total return of $500,000. The $250,000 Bonus Dividend represented 69.9% of the dividends already paid to the members in 2006. The $250,000 Interest Rebate represented a return to the credit union’s members of 16.4% of the interest they had paid on their loans during 2006. The $42 million credit union was chartered in 1958 to serve the financial needs of the employees of what is now BASF Geismar, Louisiana.
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In its latest financial stability report, the Federal Reserve found that asset prices continue to exceed underlying fundamentals and leverage levels remain high, especially by hedge funds.
April 25 -
The Consumer Financial Protection Bureau's exit from a suit jointly filed with the New York attorney general's office narrows a major subprime lending case.
April 25 -
Even with its IPO on ice, the Swedish buy now/pay later lender is building a base of high-profile distribution partners.
April 25 -
The acquisition of the $5.7 billion-asset HarborOne Bancorp would be Eastern's third purchase of a Boston-area bank in the last five years.
April 25 -
Ranjana Clark is the newest member of Texas Capital Bancshares' board of directors; Minnesota's Wings Credit Union and Colorado's Ent Credit Union are merging; Regions Bank adds Angela Santone to its C-suite; and more in this week's banking news roundup.
April 25 -
The Long Island-based regional bank, which reported another quarterly loss Friday, continues to hire in the commercial-and-industrial lending sphere as it seeks to diversify its commercial real estate-heavy business.
April 25