NEW YORK—More major card issuers are targeting grocery store spend as they increase cash-back offers.
Fresh Today
NEW YORK—Approximately 35% of small business owners said they’ve needed to tap their own funds—via a personal credit card and/or savings, for example—to help prop up their business in the months since the coronavirus whacked the U.S. economy, a new survey from CreditCards.com has found.
WASHINGTON—Americans are rapidly shrinking their credit card debt during the pandemic.
LANCASTER, Penn.— Wheatland Federal Credit Union has signed a contract to migrate its XP2 Core Processing System to United Solutions Co. (USC).
WASHINGTON—Senate Banking Committee Chairman Mike Crapo (R-ID) has offered an amendment to the Senate’s Phase 4 stimulus package, the Health, Economic Assistance; Liability Protection and Schools (HEALS) Act – that would include additional flexibility allowing the Treasury Department and Federal Reserve to take risks in emergency lending as part of efforts to stabilize the economy.
WASHINGTON—House Financial Services Committee members Tom Emmer (R-MN) and Ed Perlmutter (D-CO) have introduced a bipartisan bill that seeks to improve existing language in the Federal Credit Union Act related to expulsion of members. The backers of the bill say it would help better credit unions, members, and employees.
WASHINGTON—The overall credit union loan-to-share ratio fell to 76.3% at the end of June, down from 84.4% at the end of 2019, according to CUNA’s latest Monthly Credit Union Estimates.
RANCHO CUCAMONGA, Calif. – Saying physical distancing and remote working have made the adoption of person-to-person payments by credit unions more essential than ever, CO-OP Financial Services said it is partnering with Zelle to offer P2P payments to credit unions in the CO-OP ecosystem.
ATLANTA – The African American Credit Union Coalition (AACUC) said it is inviting credit union professionals and industry partners to convene for a five-part “Commitment to Change Conversation Series.”
SYRACUSE, N.Y.–Syracuse Fire Department Employees FCU has named a new president/CEO. The credit union has selected Andrea M. Thune to lead the organization following the retirement of CEO Jeffrey Fragale.