WASHINGTON—NAFCU has awarded Reps. Tom Emmer (R-MN) and Ed Perlmutter (D-CO) the NAFCU Credit Union Champion Award in recognition of their “leadership and track record of success on important credit union industry issues.”
Fresh Today
WASHINGTON—Two senators have unveiled a wide-ranging legislative proposal to regulate cryptocurrencies and other digital assets.
BROOKLYN, N.Y.–Polish & Slavic FCU is reporting it has set two new records this year by awarding 488 young members with scholarships that totaled $551,000, which is $51,000 more than it has awarded before.
BROOKFIELD, Wis.—Gift card usage is on the rise, according to Fiserv’s Q2 Gift Card Gauge, a quarterly survey of more than 1,000 U.S. consumers which measures consumer spending habits in relation to gift cards.
NEW YORK–A new study offers insights into just how much inflation is costing depositors when it comes to their funds in interest-bearing accounts.
WASHINGTON—A top United States financial crimes enforcement official has directed the crypto industry to proactively blacklist “problematic” wallets even before Treasury officials order them to do so, according to a new report.
BASEL, Switzerland—Using distributed-ledger technology (DLT) to cut the cost of cross-border payments requires regulators to stop looking at individual entities like banks, and start looking at the whole decentralized network, according to one new analysis.
INDIANAPOLIS–A review of newest half-dozen disclosure forms by credit unions proposing to merge finds some of the usual reasons being cited, but also one case of a board of an acquiring CU apparently deciding if the CU it is merging in will return any capital to members, a CU being acquired that had double the net income of the acquiring CU (even though the former is half the size of the latter) and just one CU returning any of its net worth to its owners.
KOLOA, Kauai–The most frequent question asked of Co-op Solutions by credit union leaders, according to one company executive, is a common one: where should the CU should be investing?
JACKSONVILLE, Fla.–VyStar Credit Union reports it continues to make “notable progress” in restoring service to its online banking platform, and that it will no longer be “proactively refunding” fees that resulted from the outage effective this week.