SAN FRANCISCO (KPIX 5) — While taxi medallions in San Francisco were once seen as a good investment — literally a license to make money for cab drivers — the popularity of ride-sharing apps has led to a looming financial meltdown for the city’s struggling taxi industry. The rise of Uber and Lyft as the […]
Read MoreNational Credit Union Administration Board Member Rick Metsger today reminded credit unions the National Credit Union Share Insurance Fund may be required to increase loss reserves as the values of taxi medallions decline. “Prices for New York taxi medallions at two recent public auctions have been considerably lower,” Metsger said. “That, combined with a continued […]
Read MoreThe Columbus Blue Jackets and KEMBA Financial Credit Union have announced the renewal of a multiyear partnership that is highlighted by presenting sponsorship of the Columbus Blue Jackets Foundation’s 50/50 Raffle, a program that serves as a fundraising vehicle for 34 local nonprofit organizations and the grant-giving arm of the NHL club. During the 2016-17 […]
Read MoreThe metro area’s largest credit union announced Wednesday it intends to acquire a Burke County-based community bank. SRP Federal Credit Union said in a news release it has “signed a definitive agreement” to purchase Sardis, Ga.-based Southern Bank, a privately held, five-branch operation with $80 million in assets. Read more on the Augusta Chronicle.
Read MoreREADING, Pa. – Diamond Credit Union is banking on select shows at the Santander Arena in Reading to help broaden awareness of its business in Berks County. The Pottstown-based credit union has inked a deal with the SMG-managed arena for naming rights for the venue’s theater. The Diamond Credit Union Theater is a conversion of the arena that features […]
Read MoreNow that Obamacare repeal efforts and other debates surrounding health care have been shelved — for now, anyway — members of Congress have turned their attention toward the new issue du jour: tax reform. While there’s little consensus on exactly what form tax reform should look like, pretty much every politician on Capitol Hill agrees […]
Read MoreIn Springfield, Missouri in August, President Donald Trump laid out the core motivation of his comprehensive tax plan: fairness. If Congress and the administration are serious about making America’s tax structure fairer, their first action should be to end the free ride enjoyed by large credit unions at the expense of banks and taxpayers. Read […]
Read MoreTax reform is all the talk in Washington these days, and President Trump has stressed that one of his main goals in tax reform is to make taxes fairer by leveling the playing field for all businesses. The first thing Congress and the president should do if they’re serious about fairness is to stop picking […]
Read MoreCONGRESS AND THE TRUMP administration are working together to pass fundamental tax reform before the end of the year. Tax reform’s goals include lowering rates and broadening the base to stimulate economic growth. One principle of taxation is treating similar businesses in a similar manner. That does not always happen, and tax reform presents the opportunity […]
Read MoreWhen you think of credit unions, you probably think of a community-oriented financial institution with a handful of branches dotting your town. You may think of them as a place where folks who work at the same factory or teach in the same school system can get a car loan or put money aside in […]
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