ALBANY, N.Y.—The New York State Department of Financial Services (DFS) and State University of New York (SUNY) have signed a memorandum of understanding (MOU) expressing their intent to launch a new SUNY-related virtual currency program, “SUNY BLOCK,” according to New York Superintendent of Financial Services Linda A. Lacewell.
Fresh Today
PURCHASE, N.Y.—Mastercard has announced a partnership with the fintech firm Octet Europe.
MADISON, Wis.–The International Credit Union Regulators’ Network (ICURN) held its annual conference virtually with more than 200 credit union supervisors on six continents.
CALGARY, Alberta–Credit Unions of Alberta have launched a video contest initiative aimed at setting up Alberta high school graduates for future financial success.
NEWBURGH, Ind.–Heritage Federal Credit Union said it has reached an agreement to purchase the branches of The Elberfeld State Bank in Elberfeld, Ind.
ALEXANDRIA, Va.–New data released by NCUA for credit unions at the end of Q1 show a jump in provisions for loan losses that can be seen in net income, ROA is down nearly half from one quarter earlier, and loan and membership growth is down in every asset category except credit unions of more than $1 billion.
CHARLOTTESVILLE, Va.–For the first time in nine years, new vehicle loans held by credit unions decreased over a previous quarter, according to data from S&P Global Market Intelligence. Used car loans were up slightly, however.
ARLINGTON, Va.—Credit union leaders are showing a slight improvement in their outlook on the economy and their organization’s futures.
WASHINGTON–A composite index of corporate CEOs’ plans for the next six months has hit its lowest reading since the second quarter of 2009.
WASHINGTON–The Federal Reserve not likely to cap short-term Treasury yields as part of its initial package of economic stimulus measures, but will most likely reserve the option to do so later, according to a new report.