WASHINGTON–The nation’s federally insured banks reported profitability improved during the third quarter when compared to the first half of 2020, even as the combined net interest margin fell to a record low, according to data released by the FDIC.
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TULLAHOMA, Tenn.– Ascend Federal Credit Union said it is paying out approximately $4.1 million in bonus dividends and loan interest refunds to members.
EWING, N.J. –Credit Union of New Jersey has selected CO-OP Financial Services to provide it with PIN, Debit and Full-Service Credit processing, as well as other solutions.
WASHINGTON—According to the Commerce Department's second estimate for third quarter economic growth, the U.S. economy rebounded 33.1%, remaining unchanged from the initial estimate.
OLYMPIA, Wash.–The Volunteer Leadership Institute-Hawaii 2021 is going virtual. The popular meeting had been scheduled for Maui in January.
MADISON, Wis.— The Credit Union Executive Society has announced two additions to its board.
SAINT PAUL, Minn. – The Minnesota Credit Union Network has presented its Outstanding Credit Union Volunteer of the Year and Outstanding Credit Union Professional of the Year awards. The awards were presented virtually during the MnCUN 2020 Annual Conference.
ALEXANDRIA, Va.—Minutes from the Federal Open Market Committee's (FOMC) November videoconference meeting suggest the Fed is "positioning itself for an increase in asset purchases in December" to help sustain economic growth, said NAFCU’s Curt Long.
WASHINGTON–The Senate has approved by a 56-39 vote the nomination of Kyle Hauptman to serve on the NCUA board.
WASHINGTON– The Consumer Financial Protection Bureau has issued its final Advisory Opinions Policy as part of an effort to publicly address what it said is “regulatory uncertainty” in its existing regulations and to provide guidance to entities on outstanding regulatory uncertainty.