WASHINGTON– The average member relationship at U.S. credit unions hit $23,388 in the second quarter of 2022, the highest balance on record, according to an analysis by Callahan & Associates.
Fresh Today
WASHINGTON–The acting chairman of the FDIC shared his thoughts on how the agency is approaching climate-related risks to the nation’s banks.
WASHINGTON–A new report released by Sen. Elizabeth Warren (D-MA) has found reports of scams and fraud on the bank-owned P2P payment network Zelle are surging, but banks have refused to refund customers for most of their losses, even in the face of federal consumer protection law.
WASHINGTON—NAFCU and CUNA have each written to NCUA in response to a proposed interagency policy statement on prudent commercial real estate (CRE) loan accommodations and workouts, with concerns over some “meaningful risks” being raised.
SUMTER, S.C.–SAFE FCU has expanded its relationship with PSCU beyond processing to now also include debit processing support.
WASHINGTON – The Treasury Department has announced the inaugural members of its Treasury Advisory Committee on Racial Equity, including one credit union representative.
DULLES, Va.–PenFed Credit Union said it has activated a cutting-edge, first-of-its-kind brand takeover of the Concourse C Connector at Washington Dulles International Airport as part of a multi-year, multi-million partnership.
BATON ROUGE, La.–The state of Louisiana has signed a $600-million HUD grant agreement for recovery from 2020’s hurricanes Laura and Delta, and one government official said credit unions are among the proposed distribution points.
HARRISBURG, Penn.–Pennsylvania State Employees Credit Union (PSECU) said it is again working during October, which is Tackling Hunger Month, to raise funds for the state’s food banks.
FORT WAYNE, Ind.– Three credit unions announced they have completed merging in other credit unions.