NAIROBI, Kenya--Microsoft East Africa, through the support of its 4Afrika initiative, has signed a Memorandum of Understanding (MoU) with the World Council of Credit Unions (WOCCU) to help accelerate digital transformation within the Savings and Credit Cooperative (SACCO) sector.
Fresh Today
OKLAHOMA CITY, Okla.–Fourteen years after a research project was launched that offered $1,000 to the families of newborns to open a college savings account in the child’s name, the results are starting to be seen.
HENDERSON, Nev.–Today’s credit unions look nothing like they did in1971, and who knows what 2071 holds, so the best response is to just keep on fighting, according to one CU CEO.
WASHINGTON—The Consumer Financial Protection Bureau has formally delayed the mandatory compliance date of the General Qualified Mortgage (QM) final rule to Oct. 1, 2022 from July 1, 2021.
MADISON, Wis.–The CU industry loan-to-share is expected to hit an eight-year-low, and yield-on-assets ratio should hit an all-time low by year end, according to a new forecast from CUNA Mutual. ROA is also expected to decline.
WASHINGTON—The Federal Open Market Committee (FOMC) will hold the second day of its two-day meeting today and is expected to adjourn by holding the federal funds target rate range at its current 0% to 0.25% for the foreseeable future.
TROY, Mich.–Customer satisfaction with the nation’s banks has surged as more consumers have switched to digital-only banking, according to new research from J.D. Power. Perhaps most interesting–even though 24% of customers say they are worse off financially, overall customer satisfaction still increased.
NEW YORK–There are five factors companies and credit unions should focus on in designing a hybrid office as more employers bring workers back after a year in which many have been working from home.
ARLINGTON, Va.—Quarterly credit card agreements are due to the CFPB April 30 in accordance with the Truth in Lending Act (TILA).
GRAND PRAIRIE, Texas–Texas Trust Credit Union said it has signed a naming rights deal with AEG Presents to rename The Theatre at Grand Prairie as the Texas Trust CU Theatre at Grand Prairie.