NEW YORK – The Federal Reserve Bank of New York has issued a report on the Phase I results of Project Cedar, the inaugural project of its New York Innovation Center (NYIC), saying it has uncovered three key findings.
Fresh Today
WASHINGTON—As part of National Native American Heritage Month during November, CUNA and Inclusiv said they co-host a free webinar for CUNA members Nov. 16 that will feature strategies of credit unions that successfully deliver targeted financial services to Native Americans.
WASHINGTON—The Community Development Financial Institution (CDFI) Fund’s revised Certification Application is now open for public comment.
DALLAS—ALM First is reporting it served as a consultant for Oregon Community Credit Union when it became the first state-chartered credit union to issue auto asset-backed securities.
HERNDON, Va.–The National Automated Clearing House Association (Nacha) has launched a new ad campaign to educate gig workers about what it says are the benefits of direct deposit.
ATLANTA– The League of Southeastern Credit Unions & Affiliates and CUNA have recognized Delta Community Credit Union with the Desjardins Adult Financial Education Award and the Desjardins Youth Financial Education Award in the more than $1 billion asset-size category.
WASHINGTON–It’s election day, and credit unions are joining the rest of the country in waiting to see the results, which will determine the fate of CU priorities in the lame duck session of the current Congress as well as the next.
WASHINGTON–Today marks the end of an election cycle in which the Credit Union Legislative Action Council (CULAC), CUNA and its state leagues will have spent $6.6 million in nearly 400 races.
MADISON, Wis.–Not only have ongoing rate increases by the Federal Reserve not slowed down member borrowing, it actually picked up pace through September, according to CUNA’s latest Monthly Credit Union Estimates. But the slowdown is coming, said one economist.
GLENDALE, Calif.–Credit Union West has become the latest CU to eliminate non-sufficient funds and overdraft transfer fees, while also reducing overdraft fees for transactions honored through their courtesy pay program.