Core Insights - Ardent Credit Union has introduced a unique "Slam Dunk CD" that ties its interest rate to the performance of the Villanova men's basketball team, offering a 7-month term with an annual percentage yield (APY) that can rise to 4.25% if the team wins its home games [1][2]. Product Details - The "Slam Dunk CD" has a base rate of 3.90% which increases to 4.25% upon a home game victory by the Villanova team [2]. - The promotional rate remains valid until the final home game on March 7, 2026, with a potential extension of the bonus rate for 30 days if the team wins that game [3]. - Membership in Ardent Credit Union is required to access this CD, which can be obtained through various means, including employment with partner companies or a free membership in the American Consumer Council [4]. Market Position - The CD is likely to attract Villanova fans but may not appeal to the broader market due to its specific conditions and limited competitive rates [5][7]. - Compared to other CDs, the base rate of 3.90% is not particularly competitive, and the maximum average return of 4.00% is contingent on the team's performance [8][9]. - The early withdrawal penalty for the Slam Dunk CD is more severe than many other options, which may deter potential investors [10]. Target Audience - The product may primarily appeal to die-hard Villanova fans or loyal customers of Ardent Credit Union, as the credit union's other offerings have lower rates [11]. - The requirement for funding the CD with "new money" and the timing of the promotion may limit its attractiveness as the college basketball season progresses [11][12].

Key takeaways The NCUA (National Credit Union Administration) insures credit union deposits up to $250,000 per depositor, per institution, per ownership category. NCUA insurance provides the same protection as FDIC insurance at banks. Both are backed by the full faith and credit of the U.S. government. Joint accounts receive $250,000 coverage per owner, meaning a married couple’s joint account is insured up to $500,000. New trust account rules take effect December 1, 2026, simplifying coverage with ...

Servus Credit Union经济学家Charles St-Arnaud表示，加拿大央行的声明及其更新后的展望中，没有任何 内容足以改变外界的判断，即该央行很可能在较长一段时间内维持政策利率不变。此次决定维持利率不 变所传递的整体信息是，自该央行10月货币政策报告以来，全球和加拿大经济前景仅发生了微幅变化。 不确定性仍然处于高位，前景面临的风险依然显著，尤其是在美国关税政策难以预测、北美自由贸易协 定即将接受审查以及地缘政治风险上升的背景下。 ...

SDCCU also said it found that certain auto loans were being approved in situations where policy afforded discretion for underwriters to disregard a low FICO credit score when the car dealership provided a higher alternative credit score.He added that processes such as preparing disclosures in the same language as marketing are “not just best practice but good practice.” Mr. Gibbons, who is now CEO of David D. Gibbons & Company, LLC, a consultancy, has served as an expert witness in other matters but isn’t i ...

There are several types of LLC loans to choose from. Before applying, consider the credit score guidelines and weigh the benefits and drawbacks of each option to determine which is best for your company.Limited liability companies offer legal protections from being held personally liable if your business defaults on a loan, but most lenders require all majority owners to sign personal guarantees.Traditional lenders like banks and credit unions generally prefer borrowers with good or excellent credit — typic ...

Addition of MANTL's Onboarding & Account Opening Solution will streamline retail account opening across channels To learn more about Anticipatory Banking and the Alkami Digital Sales & Service Platform, visit here. 1 Alkami has been certified by J.D. Power in 2024 and 2025 for providing "An Outstanding Mobile Banking Platform Experience." About Alkami Alkami provides a digital sales and service platform for U.S. banks and credit unions. Our unified Platform integrates onboarding, digital banking, and data a ...

Core Insights - Rogue Credit Union is expanding its use of eGain's AI Knowledge Hub and agent assistance platforms to enhance member service and sales enablement in preparation for its merger with Members 1st Credit Union [1][2] Group 1: eGain Platform Adoption - The expanded deployment includes eGain Knowledge + AI for both contact center and enterprise use, eGain AI Agent, eGain Sales Advisor, and integrations with Microsoft Teams and Talkdesk [2][4] - The platform provides real-time, AI-powered guidance to Member Service Representatives (MSRs), enabling them to respond to member inquiries with confidence and accuracy [3][4] Group 2: Member Service Empowerment - eGain's integration allows MSRs to access contextual knowledge directly within their workflows, reducing the time spent searching for answers [3][4] - Key use cases include real-time AI-powered guidance, in-context knowledge delivery, consistent member experiences, faster issue resolution, and streamlined onboarding for new employees [4] Group 3: Sales Enablement - Rogue is deploying eGain Sales Advisor to codify best practices from top-performing MSRs, ensuring consistent, member-centric selling conversations across the organization [5][6] - This approach makes institutional knowledge accessible to all employees, enhancing member engagement and service quality [5][6] Group 4: Company Background - Rogue Credit Union is a not-for-profit financial cooperative serving members in Oregon, Idaho, and Northern California, focused on delivering high-quality member experiences [7] - The merger with Members 1st Credit Union aims to create a larger enterprise with a shared commitment to member service excellence [7]

Core Points - President Trump proposed a one-year cap on credit card interest rates at 10 percent, aiming to address consumer frustration with high rates [1][3][5] - The average credit card interest rate currently stands at 19.65 percent, down from 20.18 percent a year ago, but significantly higher than the proposed cap [5][11] - Bankers argue that a 10 percent cap could restrict credit access for consumers and small businesses, potentially leading to unintended consequences [15][17][19] Industry Impact - Approximately 61 percent of cardholders with balances have been in debt for over a year, indicating a growing issue with credit card debt among consumers [6] - The proposal for a cap on credit card rates is unprecedented, as there has never been a federal limit on such rates in the U.S. [14] - Bankers express concern that a 10 percent cap would drive consumers towards less regulated and potentially more costly credit alternatives [16][19] Consumer Behavior - Many consumers are currently facing high interest rates, with 47 percent of credit cardholders reporting they carry a balance and incur interest [6] - If the proposed cap were implemented, a $1,000 credit card debt at 10 percent would result in significantly lower interest payments compared to the current average rate [8][10] - The affordability issue is a significant concern for consumers, with calls for broader solutions beyond just capping credit card rates [28][29]

Core Insights - eGain Corporation has been selected by SELCO Community Credit Union to implement its AI Knowledge Hub and AI Agent software for modernizing enterprise knowledge management [1][3] Company Overview - SELCO Community Credit Union aims to enhance financial well-being and service excellence for its members in Oregon, serving approximately 500 employees [2][8] - eGain Corporation specializes in AI knowledge platforms for customer service, providing solutions that improve operational efficiency and reduce costs [1][7] Solution Details - The eGain AI Knowledge Hub will serve as a unified enterprise knowledge management platform, facilitating knowledge delivery across various teams including contact center, branch, lending, operations, and back-office [4][5] - The solution will integrate with the Genesys agent desktop, ensuring a seamless user experience without disrupting existing workflows [4] Operational Improvements - SELCO plans to migrate its SharePoint-based procedures into the eGain platform, which will enhance compliance visibility, eliminate version-control issues, and accelerate employee onboarding [5][6] - The implementation of eGain's AI Knowledge Hub is expected to establish a scalable foundation for future AI-driven automation and agent assistance [5][6] Leadership Perspectives - SELCO's Director of Talent Development emphasized the importance of empowering employees with accurate knowledge to improve service excellence [6] - eGain's CEO highlighted the need for a purpose-built platform to address operational and compliance challenges faced by organizations like SELCO [6]

Core Viewpoint - President Trump's proposal to cap credit card interest rates at 10% aims to provide relief to consumers facing high rates, but industry analyses indicate that such a cap could lead to the disappearance of up to 80% of credit card accounts, potentially harming the very borrowers it intends to help [1][12]. Group 1: Proposal Details - Trump has called for the cap to take effect on January 20, stating that the American public should no longer be "ripped off" by credit card companies charging rates of 20% to 30% [2][10]. - The average credit card APR has risen to 21%, nearly double the rate from a decade ago, with Americans currently owing a record $1.23 trillion on credit cards [4][6]. Group 2: Industry Response - Consumer advocates recognize the frustration behind the proposal, but banks and credit unions warn that a hard cap could limit access to credit for those without excellent credit scores, resulting in fewer options rather than cheaper ones [2][12]. - Experts suggest that many consumers could lose access to rewards and benefits as banks adjust to lower interest revenues [2][15]. Group 3: Legal and Legislative Context - Interest rate caps are determined at the state level, and a nationwide cap would require an act of Congress, as established by a 1978 Supreme Court decision allowing nationally chartered banks to charge their home state's rates [8][9]. - Bipartisan support exists for the idea, with Senators Bernie Sanders and Josh Hawley having introduced similar legislation [4][9]. Group 4: Financial Implications - A household with an average credit card debt of $11,019 at a 21% APR could save approximately $1,100 annually if the cap is implemented [15]. - However, the Vanderbilt Policy Accelerator estimates that Americans could lose $27 billion in rewards, with the average borrower saving about $3 in interest for every $1 lost in rewards [15][16]. Group 5: Consumer Impact - Most borrowers with credit scores below 740 are likely to see their credit cards canceled or limits reduced under a 10% cap, affecting primarily working-class and middle-class consumers [16]. - The proposal could potentially save American consumers $100 billion annually in interest payments, but it may also cut off access for borrowers with scores below 600 [16].