MADISON, Wis.–America’s credit unions held 12% of total household savings in April, the highest percentage in credit union history and up from 11.6% one year ago, 9.2% 20 years ago and 4.3% 40 years ago, according to CUNA Mutual’s newest Trends Report, which is based on data through April.
WASHINGTON–A merchants group is saying card swipe fees charged to Americans this July 4 weekend will cost the equivalent of “full pack of hot dogs” for “patriotic American families.”
WASHINGTON—The Independent Community Bankers of America (ICBA) is urging the Commerce Department to recognize what it says are the risks posed by digital assets — including a U.S. central bank digital currency — as policymakers consider a regulatory framework.
WASHINGTON—With high housing prices affecting credit union members across the country, CUNA is pushing Congress to act on several pieces of legislation the trade group says will help ease the burden for some homebuyers.
WASHINGTON—Funding the U.S. Agency for International Development’s (USAID) Cooperative Development Program (CDP) at $50 million for FY23 would “build capacity for cooperatives around the world, including in Ukraine, according to CUNA.
LOUISVILLE, Ky.—The $316-million Class Act Federal Credit Union here has gone live with Scienaptic AI’s AI-powered credit decision platform.
ST. PAUL, Minn.–Mark Cummins, president and CEO of the Minnesota Credit Union Network, has announced he will retire in April of 2023. Cummins has led the organization for 15 years.
HOUGHTON, Mich.–Michigan Tech Employees Credit Union has a new name.
TAMPA, Fla.–Laida Garcia, president and CEO of floridacentral Credit Union, has announced plans to retire in January 2023. The CU’s board said a search for a successor has been launched with a goal of finding that person by the autumn of this year.
LANCASTER, Penn.– Everence Federal Credit Union has named a new president and CEO. The $344.3-million EFCU said it has selected Kristen M. Heisey to lead the organization.
