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Banking and Finance

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Wells Fargo economist forecasts mild, short recession for late ’23

The U.S. economy will likely dip into recession near the end of this year as a result of higher interest rates and reduced credit availability, an economist with Wells Fargo said Monday.

But the economic …

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Iowa banks show strength in first quarter

Iowa banks reported a strong first quarter of 2023 with growth in active loans, favorable liquidity and a slight increase in deposits, new data from the Federal Deposit Insurance Corp. shows.

“The year-over-year increase in …

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Principal debuts annuity with sustainability index

Principal Financial Group has introduced its first registered index-linked annuity (RILA) called Principal Strategic Outcomes. The launch aims to meet the increasing demand for annuity options amid market uncertainty and the desire to mitigate investment …

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ICUF announces graduates of 2023 Financial Coach Program

The Iowa Credit Union Foundation (ICUF) announced the successful completion of the 2023 “People Helping People” Financial Coach Program. The program, conducted virtually in May, brought together 50 participants from 17 different credit unions. The …

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Des Moines-area students awarded Bank Iowa scholarships

Bank Iowa annually grants more than 20 scholarships to high school students across the state. This year, the bank doubled its commitment by increasing the scholarship awards from $500 to $1,000 each. Three high school …

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West Bank earns national recognition

West Bank, a subsidiary of West Bancorporation Inc., has once again secured its place among the top-performing community banks in the United States. The distinction was conferred by industry analyst firm Raymond James, which included …

Dave Cale

Financial Plus president reflects on changing world of credit unions

As the landscape for financial health has evolved to emphasize technology and digital investment opportunities, the mission of credit unions remains the same.

That is the assurance Dave Cale offers to members of Financial Plus …

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Veridian Credit Union announces dates, communities for 2023 Community Shred Days

Veridian Credit Union will hold Community Shred Day in five communities across Iowa and eastern Nebraska this year. The event is free and open to the public and aims to promote the importance of shredding …

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Goldman Sachs survey: Small business owners worry about access to capital

Over the past year, Des Moines-based small business owner TJ Tollakson has experienced the effects of the Federal Reserve’s efforts to tame inflation by raising interest rates.

Rates have increased on a line of credit …

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Iowa Credit Union Foundation awards $23,000 to scholarship winners

The Iowa Credit Union Foundation has announced the recipients of its Warren A. Morrow Memorial Scholarship, which is awarded to credit union members pursuing or completing postsecondary education. This year, eight high school students and …