WASHINGTON—New-home sales fell 18.2% in February from January's upwardly revised rate of 948,000 annualized units to 775,000 units during the month. This represents the sharpest month-over-month decline since 2013, noted NAFCU's Curt Long.
Fresh Today
WASHINGTON—Ahead of this week’s Senate Small Business Committee hearing with representatives from the Small Business Administration (SBA) to discuss the agency's coronavirus relief programs, NAFCU pushed for lawmakers' support of legislation that would allow credit unions to expand access to credit to small businesses in their communities.
MADISON, Wis.–Research shows 97% of firms with more than 1,000 employees are investing in DEI programs. The same holds for many credit unions. But are these investments actually working? The Filene Research Institute is launching an effort to find out.
WASHINGTON—Treasury Secretary Janet Yellen and Federal Reserve Chair Jerome Powell told the House Financial Services Committee, as part of update on implementation of coronavirus relief and the Fed's monetary policy, that they have worked to provide considerable assistance and continue to do so.
CENTENNIAL, Colo.–Clean Energy Credit Union said it is partnering with Organic Valley, an organic food brand and independent cooperative of organic farmers based in La Farge, Wis., to launch the “Powering the Good Loan Fund.”
WASHINGTON–The Biden administration has reversed a controversial Trump-era policy that will lead to the cancellation of roughly $1-billion in student debt for borrowers who were defrauded by their colleges, according to numerous reports.
WASHINGTON–Two new committees will focus on the impact of climate change on financial stability, according to a Federal Reserve Board governor.
ENFIELD, Conn.–Enfield Community FCU has named a new president and CEO. The credit union has selected Myron Kolinsky to lead the organization.
WASHINGTON–The National Credit Union Foundation said it will host four “philosophy workshops” for directors, young professionals, CUSO employees and new CU employees, respectively.
ALPHARETTA, Ga.–During its recent Raddon Conference, the company said it identified five takeaways that can help credit unions “navigate a path to prosperity.”