TALLAHASSEE, Fla.–The League of Southeastern Credit Unions said its board has agreed to endorse and join CUNA’s “Open Your Eyes to a Credit Union” awareness initiative.
Fresh Today
NEW YORK–Bloomberg has reportedly been telling users of its terminals to prepare for interest rates in the United States to plunge below 0%, but in this case it isn’t so much a forecast as it is preparation to avoid some of the technical glitches that have been seen in recent months.
ALEXANDRIA, Va.—The NCUA board pulled from its agenda a proposal on its risk-based net worth rule.
ALEXANDRIA, Va.–Credit unions that were members of the former Southwest Corporate FCU will receive a letter from NCUA within the next week notifying them of the amount they will receive from the distribution of the asset estate created after the defunct corporate was conserved following the financial crisis of a decade ago.
ALEXANDRIA, Va.–The NCUA board was given an update on the status of minority depository institution (MDI) credit unions, which, although they represent 10% of all credit unions, are “sadly disappearing,” according to one board member.
WASHINGTON–President Trump has indicated he is open to new stimulus checks being sent to Americans, although the White House has not taken an official position on additional spending.
WASHINGTON–NCUA has joined four federal agencies and state banking regulators in issuing examiner guidance to promote “consistency and flexibility in the supervision and examination of financial institutions affected by the COVID-19 pandemic.”
ARLINGTON, Va.—Existing-home sales continued to fall in May, tumbling an additional 9.7% to a seasonally adjusted annual rate of 3.91 million units and reaching its lowest level since 2010. But the news isn’t all bad.
JACKSONVILLE, Fla.–The number of people who failed to pay their mortgage in May rose to its highest level since 2011, but the numbers may be improving, according to a new report.
LAKEWOOD, Colo.–CU Service Network, a CUSO that provides back office services and shared branching, has announced a new name and brand: Aux.