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Finance

Bypassing mortgage rates: Share of U.S. homes bought with cash hits highest level in nearly a decade

By ALEX VEIGA AP Business Writer
Nov 09, 2023 12:00 am - LOS ANGELES - Homebuyers who can afford to bypass the highest mortgage rates in two decades are increasingly forgoing financing and paying all cash. Homes purchased enti...
Wintrust recognizes Arden Shore Child & Family Services' 125 years of service with a mural

Submitted by Amanda Levinson
Nov 06, 2023 10:00 pm - Waukegan, Illinois. - On Oct. 12, Wintrust installed a mural honoring Arden Shore Child & Family Services' 125 years of service on the façade of its building in Chicago....
Federal Reserve leaves its key rate unchanged but keeps open possibility of a future hike

By CHRISTOPHER RUGABER AP Economics Writer
Nov 01, 2023 1:00 am - WASHINGTON - The Federal Reserve kept its key short-term interest rate unchanged Wednesday for a second straight time but left the door open to further rate hikes if inf...
Many Americans say their household expenses are outpacing earnings this year, AP-NORC poll shows

By CORA LEWIS Associated Press
Oct 27, 2023 1:00 am - NEW YORK - About 2 in 3 Americans say their household expenses have risen over the last year, but only about 1 in 4 say their income has increased in the same period, ac...
Fed Chair Powell: Slower economic growth may be needed to conquer stubbornly high inflation

By CHRISTOPHER RUGABER AP Economics Writer
Oct 19, 2023 1:00 am - WASHINGTON - Federal Reserve Chair Jerome Powell said Thursday that inflation remains too high and that bringing it down to the Fed's target level will likely require a ...
METRO Federal Credit Union celebrates 50 years in the community

Submitted by METRO Federal Credit Union
Oct 16, 2023 11:00 pm - METRO Federal Credit Union, located in Arlington Heights, recently celebrated its 50th anniversary in style. The event, held on Sept. 21, 2023, was marked by a day of fe...
Byline Bank ranked 5th nationally for SBA 7(a) Lending

Submitted by Leslie Kaufman
Oct 15, 2023 11:00 pm - CHICAGO, IL (OCTOBER 16, 2023) – Byline Bank once again ranked fifth among lenders nationwide in loan volume for SBA 7(a) lending by the U.S. Small Business Administrati...
Itasca Bank and Trust Co. announces promotions

Oct 15, 2023 11:00 pm - James R. Mensching, president of Itasca Bank and Trust Co. recently announced the promotion of three officers. Mark Stelter of Itasca was promoted to vice president, sen...
Cards with purpose: How nonprofit credit unions craft card programs for community and member empowerment

By Mike Lee President/CEO of KCT Credit Union
Oct 15, 2023 11:00 pm - In the vast offerings of financial institutions, nonprofit credit unions stand out for their unwavering commitment to community-centric values. Crafting card programs de...
Banking for the greater good: A commitment to community

By Steve Bugg President and CEO of Great Lakes Credit Union
Oct 15, 2023 11:00 pm - In an era when major financial institutions are increasingly prioritizing community and social impact, Great Lakes Credit Union (GLCU) has been diligently serving resid...

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