DALLAS–Higher rates will ultimately be good for depository institutions, according to one person, who also shared balance sheet management principles CUs should have in place.
Fresh Today
HADLEY, Mass.–A long-time supporter of green initiatives, UMassFive College FCU has been named “Sustainable Business of the Year” for 2020 in its category by the Sustainable Business Network of Massachusetts.
WALTHAM, Mass.—Resistance to P2P services is waning, as many of the reasons for not using the solution appear to be losing popularity, a new study reveals.
ARLINGTON, Va.—After a rebound in confidence in the economy and their CU’s performance in January, credit union leaders’ faith in the future dipped last month.
ARLINGTON, Va.—Existing-home sales fell 6.6% in February to a seasonally-adjusted rate of 6.22 million units, representing a 9.1% increase in sales versus a year ago, but as NAFCU's Curt Long noted, supply is having a detrimental effect on the housing market, especially when it comes to less-expensive homes.
BOSTON–The financial markets need to pick up the pace when it comes to migrating away from LIBOR, according to a new report from a Federal Reserve committee.
WASHINGTON–The Secure and Fair Enforcement (SAFE) Banking Act, which provides a number of protections for financial institutions serving cannabis businesses in states where marijuana has been legalized in some form, has been reintroduced in the Senate.
GERMANTOWN, Md.—Saying it is part of its community impact initiatives, SkyPoint Federal Credit Union has introduced a new loan to help immigrant families more easily manage government expenses related to the immigration process.
SEATAC, Wash.–The Northwest Credit Union Association said it is now arming its member CUs with a new data-rich tool to support their advocacy and public awareness work this year.
WASHINGTON—Ahead of a House Financial Services Committee hearing to examine the Treasury Department and Federal Reserve's pandemic response, NAFCU’s Brad Thaler called for the extension of several tools and flexibilities to allow credit unions to continue to support their members and communities.