WASHINGTON–New data around employment in the United States show some of the challenges being created for credit unions around the more-than-a-century-old concept of field of membership.
Fresh Today
ALEXANDRIA, Va.–NCUA has published a set of guidelines aimed at clarifying federally insured credit unions’ (FICUs) authority to establish relationships with third-party providers that offer digital asset services to their members, including investments such as cryptocurrency.
WASHINGTON—The Federal Housing Finance Agency (FHFA) issued a proposed rule that would require Fannie Mae and Freddie Mac, the government-sponsored enterprises’ (GSEs), to develop, maintain, and submit annual capital plans to the FHFA.
RANCHO CUCAMONGA, Calif.— The Thanksgiving Day/Black Friday/Cyber Monday weekend brought mixed results to the retail sector, as year-over-year increases for in-store traffic was offset by a decline in online sales to dampen overall growth, CO-OP Financial Services reported.
RADCLIFF, Ky.–In the wake of the devastating tornadoes in this state, Abound Credit Union is matching donations and offering two storm-relief lending options to help Kentucky storm victims, and is also offering storm-relief loans.
CHUBBUCK, Idaho–Idaho Central Credit Union has become ethe second CU to announce it will offer bitcoin services to members through NYDIG and the Alkami platform.
WASHINGTON–With the holiday (spending) season here, a new report has identified 2022’s Cities with the Most & Least-Sustainable Credit Card Debt.
SEATAC, Wash.— The Northwest Credit Union Foundation is reporting 12 Northwest credit unions with CDFI certification will receive tens of millions of dollars in Emergency Capital Investment Program grants.
ALEXANDRIA, Va.–NCUA is urging credit unions to take advantage of its new cybersecurity testing tool.
TACOMA, Wash.–CU Strategic Planning is reported that its client credit unions received more funding from Treasury grants in one day—approximately $500 million–than all credit unions had received combined in history up until that point.