WASHINGTON—The Financial Accounting Standards Board (FASB) is set to meet Wednesday, and the agenda includes several items of interest for credit unions.
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WASHINGTON—NAFCU has joined with Inclusiv on a letter to the Department of Housing and Urban Development (HUD) that makes several requests.
WASHINGTON—CUNA has updated its Military Lending Act (MLA) credit card fee spreadsheet for the fourth quarter of 2021.
DUBLIN, Ireland–Credit union funds that have been looking for a home appear to have found some homes looking for funds.
BANNOCKBURN, Ill.– Great Lakes Credit Union (GLCU) is reporting it has received $10 million in secondary capital through a partnership with Brean Capital.
SEOUL, South Korea—The Bank of Korea is reporting it has successfully completed the first phase of its central bank digital currency (CBDC) mock testing, which started in August 2021.
MADISON, Wis.–Absent any “swan events,” such as wars, new pandemics or meteor strikes, CUNA Mutual’s chief economist is saying credit unions should not expect to see any recession in the next five years.
MADISON, Wis.–A new report is forecasting credit union loan growth of 9% in 2022 (even as the smallest CUs show negative growth), while the pace of deposits will slow and membership will rise slightly, according to CUNA Mutual’s Trends Report.
REVERE, Mass.–Ten more credit unions have announced plans to have their members vote on a merger during the first quarter of 2022.
WASHINGTON— The U.S. economy rebounded in the fourth quarter and grew by 6.9%, according to the first estimate of economic activity for year-end 2021 from the Commerce Department.