Latest news with #TellerMachines
Malaysian Reserve
18-06-2025
- Business
- Malaysian Reserve
USSFCU President & CEO Timothy L. Anderson Named 2025 CEO of the Year by MD
ALEXANDRIA, Va., June 18, 2025 /PRNewswire/ — The United States Senate Federal Credit Union (USSFCU) is proud to announce that their President and CEO Timothy L. Anderson has been named the 2025 CEO of the Year by the MD|DC Credit Union Association. This prestigious award honors Anderson's visionary leadership, deep commitment to the credit union movement, and dedication to building an inclusive, mission-driven culture at USSFCU. A People-First Approach to Leadership Since taking the helm in 2019, Anderson has led USSFCU with a strategic, people-first philosophy that has reshaped the organization's workplace culture. 'Tim has helped transform USSFCU from a workplace into a community,' said Board Chair Jay Moore. 'He empowers people to grow, champions internal talent, and invests in his team at every level.' His focus on employee development and wellbeing has earned USSFCU consecutive Top Workplace honors from The Washington Post and USA Today. Driving Member Growth and Innovation Under Anderson's leadership, USSFCU has surpassed $1.5 billion in assets and enhanced its member experience with innovations including: A modern, secure online and mobile banking platform An after-hours call center for extended support Interactive Teller Machines (ITMs) The elimination of overdraft and NSF fees These enhancements reflect Anderson's commitment to financial inclusion and service excellence. Investing in Community Impact Anderson has expanded USSFCU's role in the community through partnerships that provide free financial counseling, credit-building resources, and youth education programs. In 2024, USSFCU donated over $65,000 to local nonprofits and led seasonal donation drives benefiting regional causes. A Leader in the Credit Union Movement Nationally recognized as an innovative and mission-driven leader, Anderson previously chaired the African-American Credit Union Coalition (AACUC) and was inducted into its Hall of Fame in 2023. He currently serves on the boards of the MD|DC Credit Union Association and Credit Union Miracle Day and has held leadership roles with CUNA (now America's Credit Unions) and USSFCU's CUSO. With more than 30 years of executive experience, Anderson continues to influence the future of credit unions while advancing USSFCU's mission of financial empowerment. About USSFCUThe United States Senate Federal Credit Union has been proudly serving the Senate community and beyond for nearly 90 years. As a member-owned, not-for-profit financial institution, USSFCU is committed to providing exceptional service, competitive financial products, and educational resources to empower members on their financial journey. For more information, visit View this press release on our website at
Mint
02-05-2025
- Business
- Mint
Individual current accounts: Benefits, minimum balance, and who should open one
Are you doing a lot of transactions in your savings account but face restrictions on withdrawals on deposits as a result? While premium savings accounts offer a lot of benefits including low to nil charges for frequent withdrawals, an individual current account will be ideal if your transaction volumes and value are really high. Here is a guide on an individual current account, its features, who can open it and its benefits. An individual current account is tailor-made for personal use and is held by a single account holder. It offers higher limits on withdrawals and deposits compared to savings accounts. Most individual current accounts provide unlimited and free transactions at ATMs (Automated Teller Machines). You would also be given a debit card with multiple benefits. These accounts come with perks such as customised debit cards, preferential interest rates and waivers on certain fees charged by banks. Customers can also avail overdraft facilities for the current account. An individual current account is mainly used for personal financial transactions such as paying bills and regular expenses. They are easier to open and manage compared to non-individual current accounts. Banks typically charge minimal or no maintenance charge on these accounts. Individual current accounts are best suited for self-employed professionals like doctors, lawyers, and consultants. Professionals offering their services on a freelance basis to multiple clients can also opt for these accounts as it will help them in managing their finances better. Such accounts are suitable for small business owners who operate on a sole proprietorship basis. An individual current account, like other current accounts, comes with a host of benefits. Though the deposit and withdrawal limits vary with each bank, several banks allow you to park and pull out funds to the tune of ₹ 2 lakh per month. Most banks determine the withdrawal and deposit limits of your current account based on your minimum account balance (MAB). State Bank of India (SBI) allows customers to withdraw and deposit 100 times the MAB of the previous month for its standard current account. The maximum limit is capped at ₹ 5 lakh per month. HDFC Bank allows cash deposits of up to ₹ 10 lakh per month or 25 transactions per month, whichever limit is breached first, on its current account for professionals. The minimum balance for an individual current account is higher than a savings account. Though the minimum balance requirements vary with each bank, you have to hold ₹ 5000 on an average in your current account each month. Most banks require you to maintain a minimum average monthly balance of ₹ 10,000 if your branch is located in metros, ₹ 5000 for branches in urban areas and ₹ 2500 for branches located in rural areas. You should opt for an individual current account only if your transactions, both in terms of volume and value, breach the limits set by savings accounts. If you are a professional, consultant or run a small business with a high volume of transactions that run into lakhs of rupees every month, an individual current account will be the ideal choice. Allirajan M is a journalist with over two decades of experience. He has worked with several leading media organisations in the country and has been writing on mutual funds for nearly 16 years. First Published: 2 May 2025, 10:57 AM IST
Zawya
16-04-2025
- Business
- Zawya
NBK opens new branch at Abdullah Al-Salem University
Al-Wazzan: The newly opened branch delivers cutting-edge banking services and products designed to cater to the diverse financial needs of students NBK redefines the traditional branch experience to align with international standards Reaffirming its commitment to delivering exceptional banking services wherever its customers are, and in line with its strategy to maintain close proximity to them, National Bank of Kuwait (NBK) has inaugurated its new branch at Abdullah Al-Salem University, further strengthening its position as the bank with the most extensive branch network in Kuwait. The opening ceremony of the new branch was attended by Mr. Salah Al-Fulaij, CEO of NBK-Kuwait, Prof. Moudi A. Al-Humoud, the Founding Administrative Board, Chair of Abdullah Al-Salem University in Kuwait, and Mr. Mohammed Al-Othman, CEO, Consumer & Digital Banking Group at NBK, along with a number of officials from both the bank and the university. On this occasion, Mr. Mohammed Al-Wazzan, Head of Sales Force, Consumer and Digital Banking Group at NBK, emphasized that, as part of its social responsibility towards educational institutions, the youth community, and Kuwaiti civil society, NBK offers innovative banking services and products tailored to meet students' financial needs. He highlighted that the branch is equipped with state-of-the-art banking technologies and devices, ensuring that university students enjoy a seamless and comprehensive banking experience. He highlighted that the opening of the Abdullah Al-Salem University branch aligns with the bank's ongoing commitment to enhancing the banking experience for customers across all segments of society. This initiative is part of NBK's broader strategy to strengthen its leadership in the banking sector by expanding its branch network, introducing innovative banking solutions, and launching services that enable customers to complete their transactions seamlessly and efficiently, ensuring their convenience. He also underlined that NBK has redefined the concept of traditional branches through its new locations, including the Abdullah Al-Salem University branch, aligning them with international standards. These transformations encompass a distinctive branch design and advanced banking solutions that enhance customers' experience. Moreover, he noted that these changes reflect the bank's commitment to meeting customer expectations by leveraging multiple digital channels and cutting-edge analytics powered by AI to better understand and address their needs. Furthermore, he pointed out that NBK's extensive network of branches, ATMs, and Interactive Teller Machines (ITM) across Kuwait is seamlessly integrated with its advanced digital channels, ensuring customers enjoy a superior and comprehensive banking experience. This approach aligns with the bank's strategy to remain the closest to its customers, offering them unparalleled convenience and accessibility. With the inauguration of its new branch, NBK has expanded its extensive local network to 71 branches, further strengthening its position as the bank with the largest branch presence in Kuwait. Additionally, NBK continues to operate the country's most extensive network of ATMs. NBK recently entered into a cooperation agreement with Abdullah Al-Salem University, aimed at fostering the exchange of expertise across various fields. The agreement also includes supporting and sponsoring a wide range of activities and events organized by the university throughout the year. This partnership reflects NBK's commitment to strengthening collaborations with key institutions to support the development of ambitious national talent, as well as its ongoing efforts to empower youth and help them enhance their skills.
