NEW YORK–The question for many forecasters in 2022 isn’t whether the Federal Reserve will raise interest rates this year, it’s how often. Now Goldman Sachs has issued an advisory to clients predicting the Fed will raise rates four times as it seeks to respond to high inflation and low unemployment.
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ALEXANDRIA, Va. – NCUA said it has extended its deadline to allow federally insured credit unions more time to complete and submit the voluntary Credit Union Diversity Self-Assessment until Jan. 31.
ALEXANDRIA, Va.—Following the NCUA board’s approval of a final rule that simplifies the risk-based capital requirements for eligible, complex credit unions, NCUA has modified its Call Report Form 5300, beginning with the March 2022 reporting cycle.
LA CROSSE, Wis.–Credit unions in two states have named new CEOs.
FAYETTEVILLE, NC — Fort Bragg Federal Credit Union said it has paid out $1 million in Loyalty Dividends to 21,800 qualifying members.
WASHINGTON—Through a new Public Notice, the Federal Communications Commission (FCC) has issued additional guidance regarding Reassigned Number Database information for callers.
GRAND COULEE, Wash.–Colleen Manley, who started her 43-year career in credit unions as a teller and who rose to CEO of Coulee Dam FCU prior to its 2021 merger with STCU, has died unexpectedly from natural causes.
BROOKFIELD, Wis.— Fiserv has received a 2022 BIG Innovation Award for AllData Connect.
WASHINGTON—Led by credit cards, total consumer credit rose 10.9%, at a seasonally adjusted, annualized rate, in November and is up 5.8% compared to a year ago. Revolving credit, primarily credit cards, rose 23.3% during the month and is up 5.7% compared to November 2020.
WASHINGTON—One of the strongest proponents in Congress backing legislation that would change federal law and allow financial institutions to serve cannabis businesses legally has announced he will not seek re-election this November.