NEW YORK—New research is forecasting there is a bright spot in the economy coming not too far down the road.
Fresh Today
ALEXANDRIA, Va.–The second quarter of 2022 marked the largest year-over-year growth in loans outstanding in at least two decades, according to new data released by NCUA, with loan balances rising in all major categories, compared with the second quarter of 2021.
NEW YORK—Consumer satisfaction with credit cards is rising again, after previously declining for two straight years.
ARLINGTON, Va.—Total vehicle sales fell slightly from 13.3 million annualized units in July to 13.2 million annualized units in August, with monthly sales levels up 0.7% year-over-year.
WASHINGTON–Lamenting there has been little progress made at the federal level since he last addressed the same group, NCUA Board Member Rodney Hood told a cannabis industry meeting it remains up to Congress to act, and that the compliance demands in serving pot companies has even driven one CU to stop accepting new business.
WASHINGTON—Sen. Sherrod Brown (D-OH), chairman of the Senate Banking Committee, has joined the lineup of Congressmen who are scheduled to speak at NAFCU’s 2022 Congressional Caucus.
NEW ORLEANS–Riverland FCU has named a new president and CEO to succeed the retiring Carol Irby, who has lead the organization since 1985.
ALEXANDRIA, Va.–NCUA’s Office of Consumer Financial Protection said it is partnering with the Federal Emergency Management Agency (FEMA) to host a webinar focused on how credit unions and their members can prepare for, and remain resilient in the face of, climate-related disasters.
NEW CASTLE, Del.–Delaware Gov. John Carney signed the Expanding Access for Retirement and Necessary Saving Program Act (EARNS Act) into law at an event at which one credit union CEO was present.
LEWISBURG, Penn.–Service 1st FCU has entered into a name, image, likeness (NIL) deal with Bucky the Bison, the mascot for Bucknell University athletics.