ST. PETERSBURG, Fla.— As digital innovation reshapes how Americans move their money, a new report from Velera shows that consumers aren’t choosing one way to pay—they’re choosing all of them.
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WASHINGTON--Applications for NCUA’s Community Developing Revolving Loan Fund (CDRLF) grants are now open through Dec. 16. The fund will award approximately $3.465 million to between 85 and 115 low-income designated (LID) credit unions, according to the agency’s Notice of Funding Opportunity.
WASHINGTON--Credit unions’ guiding principle of increasing the financial stability of members is active through the government shutdown. America’s Credit Unions President/CEO Jim Nussle shared how the association is leading credit unions in this focus with House Financial Services Committee Ranking Member Maxine Waters (D-CA) in a letter sent Tuesday.
MADISON, Wis.— The World Council of Credit Unions’ 2024 Statistical Report reveals the most detailed snapshot yet of the global credit union movement—with 412.7 million members across 67,137 credit unions in 101 countries holding more than $3.8 trillion in assets.
KENNEWICK, Wash. — When Doug Wadsworth, president and CEO of Tri-CU Credit Union, wrapped up what he describes as another time-consuming and inefficient NCUA exam earlier this year, he was left with a sense of lingering frustration.
NEW YORK—More than one million Americans have signed up for the Klarna Card since its U.S. debut on July 4, the company said, marking one of the fastest adoption rates for a new consumer payments product this year.
PHILADELPHIA— Federal Reserve Chair Jerome Powell said the central bank is approaching the point where it may slow or halt the runoff of its $6.5-trillion balance sheet, noting that liquidity conditions are tightening slightly but remain well controlled under the Fed’s “ample reserves” framework.
Washington’s Kitsap Credit Union Breaks New Ground With First-Ever Equity Investment In Fintech Firm
BREMERTON, Wash.— Kitsap Credit Union has become the first credit union in Washington State approved by the Department of Financial Institutions (DFI) to make an equity investment under the state’s newly expanded authority, RCW 31.12.436, which grants broader investment powers to state-chartered credit unions.
WASHINGTON—The Defense Credit Union Council and ALM First have entered into a strategic partnership aimed at driving meaningful value, professional education, and innovative solutions to credit unions nationwide, DCUC announced.
NEW YORK— U.S. Bank and NCUA have agreed to settle a years-long lawsuit over the bank’s oversight of residential mortgage-backed securities (RMBS) trusts formed ahead of the 2008 financial crisis, Law360 reported.