WASHINGTON—The Small Business Administration (SBA) has released updated Paycheck Protection Program (PPP) data showing that more than four million loans have been approved in 2021, totaling almost $233 billion. With the program extended to May 31, there is roughly $58 billion in funds still available.
Fresh Today
MADISON, Wis.––CUNA Mutual Group is committing up to $1 million to the World Council of Credit Unions—if credit unions rise to a challenge.
RANCHO-CUCAMONGA, Calif.—The country is in the middle of an “experience renaissance,” which demands credit unions rethink how they serve their members.
CAMBRIDGE, Mass.–Member and customer service agents who provide different answers to the same question are the biggest “pain point” at financial institutions, according to research.
METAIRIE, La.–The long-time CEO of Greater New Orleans FCU has retired, with the credit union naming a successor.
BASINGSTOKE, U.K.– The number of users of software-based facial recognition to secure payments will exceed 1.4 billion globally by 2025, from just 671 million in 2020, according to a new study from Juniper Research.
PITTSBURGH– PNC Bank has announced what it is calling a “groundbreaking” Low Cash Mode digital offering for its Virtual Wallet customers it said is designed to help avoid overdraft fees, a move it said could save its customers as much as $150 million a year in fees.
ARLINGTON, Va.— NAFCU is launching a new award – the Congressional Credit Union Champion Award – to thank members of Congress for their support of the credit union industry and efforts to create a healthy legislative and regulatory environment that allows credit unions to thrive, the trade association announced.
SAN ANTONIO—SWBC has acquired the auto claims division of Dallas-based DIMONT, the largest provider of specialty insurance and loan administration services to the residential mortgage and auto finance industries.
MADISON, Wis.–Forty-eight people have been designated as Credit Union Development Educators (CUDEs) after completing the National Credit Union Foundation’s Credit Union Development Education (DE) training.