MADISON, Wis.—Summit Credit Union is reporting it has launched the 13th season of its Project Money competition with the announcement of its 2021 participants.
Fresh Today
RYE, N.Y.–A national charity said it plans to buy medical debt totaling $278 million, directly from hospitals as it seeks to speed financial relief to patients, many of whom shouldn’t have been billed at all under the hospitals’ financial-aid policies, according to a policy.
OAKLAND, Calif.–A new report has found many loan funds that are community development financial institutions (CDFIs) have “urgent, ongoing capital needs.”
WASHINGTON–As expected, the Federal Open Market Committee (FOMC) has adjourned its June meeting by leaving rates unchanged.
WASHINGTON—When the Federal Reserve adjourns its two-day meeting today, it could send a signal it anticipates raising interest rates sooner than previously expected following a spate of high inflation readings, according to one forecast.
WYANDOTTE, Mich.–Saying it recognizes the need to increase employee pay as the economy continues to re-open, Michigan Legacy Credit Union said it has increased the minimum wage for employees to $16 an hour from $13 an hour, a 23% increase. The rate increases to $18 an hour after one year of employment, MLCU reported.
WASHINGTON–Some 244 credit unions have received$401.8 million in awards from the Treasury Department’s new Rapid Response Program (RRP) as part of $1.25-billion in COVID 19 relief funds that are going to 863 community development financial institutions (CDFIs) overall.
MADISON, Wis.–Filene has announced plans to host a pair of webinars this month.
ST. LOUIS–Many in the U.S. are facing a retirement crisis that has only been made worse by the pandemic, according to new research.
MIAMI–The technology CUSO Nymbus has closed a funding round with a $5-million investment from the Curql Fund, the venture capital arm of Members Development Co.