WASHINGTON–With new federal data showing inflation has hit a four-decade high, one credit union economist said consumers should brace for ongoing price increases.
Fresh Today
NORTH LIBERTY, Iowa–GreenState Credit Union said it has doubled a goal it set in 2021 and will now invest $1 billion to close the homeownership gap across its entire field of membership by 2030 as part of an effort to expand access to homeownership for people of color in throughout the Midwest.
WASHINGTON–The Senate has passed the omnibus spending package, which includes the credit union-supported Credit Union Governance Modernization Act, as well as a number of other spending priorities of credit unions.
LOS ANGELES–California Credit Union is partnering with the Worldwide Foundation for Credit Unions to raise “urgently needed” aid for Ukraine by offering a $100,000 donation match for the organization’s Ukrainian Credit Union Displacement Fund.
TULSA, Okla.–Tulsa FCU has changed its name to WeStreet Credit Union, unveiling new branding and more as part of the initiative.
IRVINE, Calif.–SchoolsFirst FCU has pledged $480,000 to the University of California, Irvine School of Education. The funding will help support new strategies for future learners in a “post-pandemic classroom,” according to the credit union.
LAKEWOOD, Colo.–Data Analytics CUSO Aux is has released a new digital banking feature in Cuery, its data analytics solution for credit unions under $1 billion in assets, that displays which members use the credit union’s online banking system and on which platforms, providing “valuable insight into member experience, device usage, and member activity.”
PHOENIX—The $2.8-billion Arizona FCU here has agreed to buy the $539-million Horizon Community Bank headquartered in Lake Havasu City, Ariz.
CHICAGO– The ongoing growth in e-commerce is likely behind a surge in shipping fraud, which is now the fastest growing type of digital fraud worldwide, according to TransUnion’s 2022 Global Digital Fraud Trends Report, which also includes details on several types of fraud that could affect credit unions and their members.
DENVER–A bill introduced in the Colorado House threatens to “widen an existing rift between banks and credit unions in this state,” according to a new report.