WASHINGTON—NAFCU, along with other industry trade groups, has written to the House of Representatives sharing opposition against the Forced Arbitration Injustice Repeal (FAIR) Act.
Fresh Today
NEW YORK—A new survey has found that COVID-19 added pressure to a lot of households’ personal finances.
WASHINGTON– The Federal Reserve Wednesday approved its first interest rate increase in more than three years.
MADISON, Wis.–The Worldwide Foundation for Credit Unions, the charitable and engagement arm of World Council for Credit Unions, said it is disbursing the first $50,000 from its Ukrainian Credit Union Displacement Fund to the Podolsk Regional Development Agency (PARD), a Ukrainian non-governmental organization that is providing humanitarian assistance to hundreds of refugees from Kyiv, Kharkiv, Mariupol, Kherson, Melitopol and other cities who are seeking refuge in the Vinnytsia region of western Ukraine.
ALEXANDRIA–Federally insured credit unions experienced continued growth in assets and loans during 2021, an increase in ROAA, and a decline in the total delinquency rate, according to the NCUA’s fourth-quarter state-level data, which also continue to show growth problems among small FCUs—and issues with overall CU membership growth.
WASHINGTON–When the Federal Reserve’s Open Market Committee (FOMC) adjourns its two-day meeting today, it is expected to do so by increasing rates by a quarter-point.
TIGARD, Ore.–As Russian troops attack the city, the in-laws of one credit union CIO here are trapped in Kyiv, while more than a dozen Oregon credit unions have raised $67,000 to date to help people in the country.
RANCHO CUCAMONGA, Calif.– In a retail and employment marketplace that continues to evolve rapidly, especially with Russia’s invasion of Ukraine affecting global markets, new data from Co-op’s member credit union payment portfolio data show mostly strong month-over-month results across several merchant categories in both debit and credit during February.
MOSCOW—Wealthy Russians are trying to move some of their wealth from Europe to Dubai as a result of Western sanctions, while crypto companies are being warned they must comply with sanctions on Russia and Belarus.
ALBUQUERQUE, N.M.– America First Credit Union has opened its first branch in New Mexico. The Utah-based credit union already operates in its home state, Nevada, Arizona and Idaho, and said its newest branch is the 119th in its network.