ARLINGTON, Va.—Two credit union economists are offering insights into what new data on consumer credit and the consumer price index mean, including on when the Fed is likely to act on rates.
Fresh Today
LOUISVILLE, Ky.--An early report indicates Kentucky’s credit unions have survived the deadly tornadoes that ripped through six states in the Midwest, killing at least 70 in the Bluegrass State. The fate of some of their members will become clearer this week
PITTSBURGH–The 38th annual Christmas Price Index—which calculates the cost of the items in the song The 12 Days of Christmas—has returned for 2021, reflecting changes brought on by the COVID pandemic and inflation.
WASHINGTON–Credit unions have received approximately 28% of the $180.3.-million distributed in the most recent Department of the Treasury Community Development Financial Institutions Fund (CDFI Fund) and Native American CDFI Assistance Program (NACA Program awards
TULLAHOMA, Tenn. – Ascend Federal Credit Union has announced it is paying out $7 million to members in the form of bonus dividend payments, loan interest refunds and reward payments for debit card use.
SAN DIEGO — Frontwave Credit Union has become the Official Credit Union of the San Diego Sockers of the Major Arena Soccer League and will be a primary sponsor for the club during the 2021-22 season.
BELLEVILLE, Mich.–Two Michigan credit unions have become the latest to announce plans to merge. The $21.5-million Unified Communities FCU, which has approximately 2,756 members, said it is seeking to merge into the $3.9-billion Genisys Credit Union in Auburn Hills, Mich., which has approximately 246,000 members.
WASHINGTON–The FDIC’s Office of Inspector General is chastising the agency for missing impermissible fees charged to customers by one of its insured banks, with the fees instead discovered by another regulator.
HOUSTON–eCU Technology, a CUSO that said it is focused on helping credit unions become “digital powerhouses” through its ORIGINS platform, has named Matthew Downing as its new president.
NEW YORK– Inclusiv said it has partnered with the UNH Carsey School Center for Impact Finance to create the Community Development Financial Institution (CDFI) Learning Center program.