NEW YORK–Credit unions have seen record high levels of deposit inflows as the result of the pandemic, affecting loan-to-share ratios, margins and even the share insurance fund—but the inflows could be even stronger.
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HAMPSHIRE, U.K.–A new survey conducted by Juniper Research has found that more than 50% of U.S. consumers wanting to change banks would consider a digital-only bank.
ARVADA, Colo.—Sundie Seefried is ending her 20-year career as CEO of Partner Colorado Credit Union to become the CEO of a new cannabis banking company owned by Partner Colorado, the CU announced.
MADISON, Wis.—CUES announced it is set to recognize and celebrate the diversity, equity, and inclusion efforts of credit unions through the new DEI: Catalyst for Change Award.
ARLINGTON, Va.—On a seasonally-adjusted basis, overall consumer prices rose 0.3% in January, with the Bureau of Labor Statistics reporting the overall consumer price index (CPI) grew 1.4% over the 12-month period.
WASHINGTON—The Small Business Administration (SBA) has issued a new procedural notice to revise procedures related to hold codes on first-draw Paycheck Protection Program (PPP) loans and other error messages.
NAPERVILLE, Ill.–Alloya Corporate FCU and TruLync, a wholly owned subsidiary of the Minnesota Credit Union Network (MnCUN), have entered into a partnership under which Alloya Corporate will acquire TruLync’s item processing services.
RALEIGH, N.C.–Three years after launching a partnership, two credit unions in separate states are reporting they and their members are each seeing the benefits.
HARRISBURG, Penn.–Pennsylvania State Employees Credit Union has introduced a new campus ambassador initiative in partnership with SocialLadder, that it said will empower student influencers to actively seek out opportunities to reinforce the credit union’s brand awareness, financial education, and member acquisition efforts.
WASHINGTON—Twenty-seven credit unions are among 86 financial institutions and financial advisory firms that have earned a seal from AARP recognizing the steps they’ve taken to help stop financial exploitation.