JACKSONVILLE, Fla.–VyStar Credit Union said it is calling off its plan to aquire Georgia-based Heritage Southeast Bancorporation. The news comes at the same time VyStar is working to return its online and mobile banking solutions to full functionality after they crashed in mid-May.
Fresh Today
ALEXANDRIA, Va.—During Thursday’s NCUA board meeting, the agency shared generally postiive feedback from its new post-examination survey, although the overall tone did not reflect some of the views that have been shared in other forums.
ALEXANDRIA, Va.—The NCUA board today will receive a briefing and update on the post-exam feedback survey.
WASHINGTON–Inflation. The war in Ukraine. The midterms. Mass shootings. Baby formula shortages. Soaring gas prices. Is this year setting a record in Washington for issues grabbing the attention of Congress and sidelining the CU agenda, or does it just feel that way?”
WASHINGTON–Mortgage rates continue to rise, having jumped significantly even prior to the Federal Reserve’s meeting this week at which it announced it was pushing up rates.
ALEXANDRIA, Va.–Fraud played a role in two of the three most recent credit union failures, which in total cost the insurance fund just over $1 million.
WASHINGTON–The Federal Reserve’s Open Market Committee has voted to increase interest rates by three-quarters of a percentage point, a quarter-point more than many analysts had expected as it seeks to temper ongoing inflation.
ATLANTA–Several experts in the automotive field are predicting lower prices for vehicles lie in the future, which would be welcome news to many auto-shoppers.
WASHINGTON–The House has passed legislation that would ease expansion of credit union field of membership into underserved areas.
WASHINGTON—Although it has credit union support, NAFCU wants Congress to revisit several aspects of the Financial Services Racial Equity, Inclusion, and Economic Justice Act package, which includes the just-passed Expanding Financial Access for Underserved Communities Act, saying it brings greater regulatory burden.