DENVER– Denver Community Credit Union has introduced a new name and new branding. The $445-million DCCU will become Zing Credit Union effective April 21.
Fresh Today
MADISON, Wis.–The 36 hours spent recently in Rzeszow, Poland by representatives of the World Council as they looked for ways to help people in Ukraine are featured in the latest podcast released by WOCCU.
WASHINGTON—Economic damage from the war in Ukraine will contribute to a significant slowdown in global growth in 2022 and add to inflation, the International Monetary Fund (IMF) stated in its latest assessment of the world economy.
SPARTANBURG, S.C.–Carolina Foothills FCU is reporting it is seeing strong response to its Financial Inclusion Mortgage for First Time Homebuyers program, created to meet the financial needs of minority and low-income borrowers.
HAMPDEN, Maine–The challenges facing credit unions and banks in hiring and retaining front-line staff were featured in one news report here.
CHARLOTTE, N.C.—Bank of America is now offering new secured credit options targeting small businesses, including a credit card and credit line, as well as new digital resources.
ALEXANDRIA, Va.–During its meeting here the NCUA board got an update on the agency’s progress internally when it comes to improving diversity, equity and inclusion (DEI), but one board member said DEI must extend beyond its own operations, sharing as an example one group that was seeking to organize a new FCU to serve an underserved community that eventually gave up.
ALEXANDRIA, Va.–They may hail from different political parties and have different philosophies, but all three NCUA board members agreed the one issue that keeps them up at night is cyber-threats to credit unions. A member of NCUA’s staff said they have reason to lie awake.
ARLINGTON, Va.—The rising-interest-rate environment has credit union leaders more confident about the economy and the future of their credit unions, NAFCU’s latest Credit Union Sentiment Index (CUSI) reveals.
WASHINGTON—Expectations of aggressive monetary policy tightening through 2023 by the Federal Reserve are likely to further soften economic output already being weighed down by decades-high inflation and the ongoing effects stemming from the Russian invasion of Ukraine, according to the April 2022 commentary from the Fannie Mae Economic and Strategic Research (ESR) Group.