WASHINGTON–Two data points “really rise to the top” of the CUC performance numbers in October, according to Mike Schenk, deputy chief advocacy officer for policy analysis and chief economist with CUNA.
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ARLINGTON, Va.—Total vehicle sales slowed in November, falling from 16.3 million annualized units to 15.6 million during the month, representing an 8.1% decrease in sales levels versus last year. Separately, new government data show job growth slowed in November.
WASHINGTON—CUNA and NAFCU have joined with other financial services trade associations to urge the Office of the Comptroller of the Currency (OCC) to postpone its consideration of Figure Bank's application for a national bank charter pending evaluation of public comments and consultation with the Federal Reserve, FDIC, and the Department of Justice.
WASHINGTON—A long-time champion of credit unions in Congress, Sen. Paul Sarbanes, has died. Sarbanes, who served from 1977-2007 in the Senate representing Maryland, including on the Senate Banking Committee, was 87.
RAPID CITY, S.D.– Two credit unions have announced new presidents/CEOs, and both found their candidates internally. In Michigan, meanwhile, a CEO has announced retirement plans after 40 years.
ALEXANDRIA, Va.–NCUA has named Elizabeth J. Fischmann as its first chief ethics counsel.
NEW YORK—Citi and Mastercard are teaming up as network partners for the digital checking and savings account Citi Plex on Google Pay, available for both Android and iOS.
JACKSONVILLE, Fla.—Jax FCU here is partnering with Lumin Digital, the credit union announced.
YOUNGSTOWN, Ohio – One of the oldest credit unions in Northeastern Ohio, which lost its primary sponsor in the 1980s, has announced plans to merge.
ELKO, Nev.– Elko Federal Credit Union has launched “We’re Kickin’ It Back to You,” a year-end $50,000 give-back for members with qualifying EFCU loans closed by Dec. 31, 2020.