RANCHO CUCAMONGA, Calif.—Year-over-year spending inside the CO-OP Financial Services credit and debit portfolio increased last month for the first time since the pandemic arrived, the CUSO reported.
Fresh Today
ST. PETERSBURG, Fla.–Overall card payment volume growth rates returned to an upward trend for the week ending Aug. 9 while card-not-present growth also continues, according to the latest numbers released by PSCU’s Advisors Plus and Data & Analytics teams.
WASHINGTON–Credit unions are watching primaries in three states today, including one race in which they have made a significant investment.
ARLINGTON, Va.–The ongoing effects of the coronavirus combined with the presidential and congressional elections growing ever closer makes it increasingly likely the passage of any CU priorities in Congress will have to come as amendments to other legislation, according to one person with NAFCU.
ARLINGTON, Va.—Retail sales continued to recover in July and rose 1.2%, following an 8.4% rise in June.
CINCINNATI—Lease credit approvals continue to decline as lease applications increase.
TOTOWA, N.J.–The long-time leader of North Jersey FCU who has been called a “trailblazer on inclusivity” has announced plans to retire. The credit union said a search for a replacement is now underway. Separately, Texas Trust CU has announced a new president.
MODESTO, Calif.–The CEO of the $343-million Mocse FCU has announced plans to retire, with the credit union also naming a successor.
ALBUQUERQUE, N.M.–Kirtland Federal Credit Union is reporting that as a result of its Jump Start Down Payment Assistance program, it has been able to finance nearly $1.25 million in mortgages since the program started in late 2019.
MENLO PARK, Calif.–Facebook has created a new internal group focused on payments.