ALEXANDRIA, Va.–In a rare move, two West Virginia credit unions just 30 miles apart have been placed into conservatorship on the same day.
Fresh Today
WASHINGTON–The labor market again showed strength in the newest data released by the federal government, adding 263,000 jobs during September, clearing the way for the Fed to again raise rates but also raising questions over whether doing so is the right thing to do, according to two credit union economists.
WASHINGTON—Unregulated cryptocurrencies could pose a risk to the U.S. financial system, according to a warning from the Treasury Department.
YORK—A new report is sharing concerns over the digital asset ecosystem becoming more interconnected with the traditional financial system. The report was released by the Federal Reserve Bank of New York.
MADISON, Wis.— CUES said it will celebrate its members and honor CUES Awards winners during the CUES Member Appreciation & Awards Event, which will be held virtually Oct. 20. The event is free and open to all CUES members.
WASHINGTON–The Financial Stability Oversight Council (FSOC), of which NCUA is a member, has been newly charged with providing advice on climate-related financial risks to federal financial institution regulators.
BURLINGAME, Calif.–The Credit Union Women’s Leadership Association (CUWLA), which focuses on providing opportunities for professional growth to women CEOs of smaller credit unions, has named Linda White as its first executive director.
WASHINGTON–Labor Credit Union is reporting it has helped another member get into a new home as the result of its “Make First Time Home Buying a Reality” grant program, which it launched earlier this year.
LANSING, Mich.–Despite a challenging second quarter economically, Michigan’s credit unions reported growth in membership across all the state’s regions, according to the Michigan CU League.
WASHINGTON—The Federal Financial Institutions Examination Council (FFIEC) has updated its Cybersecurity Resource Guide for Financial Institutions.