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Banking and Finance

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Bill in Iowa Legislature would crack down on crypto ATM fraud

A bill making its way through the Iowa Legislature would regulate what’s known as digital financial asset transaction kiosks, or cryptocurrency automatic teller machines, limiting the monetary transaction amount consumers can make on a daily …

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Family Credit Union announces new CEO

The Family Credit Union, a nonprofit financial cooperative headquartered in Davenport, announced today the appointment of Michael Brandt as its new CEO. Brandt will begin April 28. Brandt has more than 24 years of experience …

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NCMIC and Shazam announce merchant services transition

NCMIC Finance Corp., a Des Moines-based payment processing company, has acquired Johnston-based Shazam’s merchant services business. According to a news release, NCMIC’s Professional Solutions Financial Services division is now responsible for Shazam’s merchant services portfolio, …

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What to watch as US stock markets fall

After weeks of tariff talks, President Donald Trump this week announced the tariff percentage he would assign to each trading partner. China, one of the U.S.’s largest trading partners, responded by matching Trump’s tariff rate on …

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SBA restores lender fees to 7(a) loan program

The U.S. Small Business Administration has restored lender fees to its 7(a) loan program. The 7(a) program, the SBA’s primary business loan program, provides loan guarantees to lenders that allow them to provide financial help …

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Iowa bankers group launches anti-fraud awareness campaign

The Iowa Bankers Association has launched an anti-fraud awareness campaign to alert Iowans about the increasingly sophisticated efforts of scammers to siphon money from bank accounts or make large charges on credit cards.

Adam Gregg…
Principal Financial

Des Moines remains ‘heart’ of Principal’s operations, Strable says

In a world where global reach and technological flexibility are paramount, Principal Financial Group stands firm in its commitment to its Iowa roots, President and CEO Deanna Strable told the Business Record in a recent …

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Junior Achievement of Central Iowa receives donation to launch new program

Junior Achievement of Central Iowa has announced it received a $250,000 contribution from Des Moines-based insurer F&G Annuities and Life to launch a new high school instructional model.
The model, called 3DE, aims to connect …

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Dupaco, Federal Home Loan Bank partner on mortgage program

Dupaco Credit Union has partnered with the Federal Home Loan Bank of Des Moines to offer its Mortgage Rate Relief program. The program provides eligible members with an interest rate reduction on new mortgages, regardless …

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Bankers group releases year-end results

Iowa banks reported increases in loans and deposits in 2024, signs of the banking industry’s strength and ability to withstand economic uncertainty and interest rate risk, the Iowa Bankers Association said in a news release.…