ARLINGTON, Va.—Total consumer credit fell 19.6% in April at a seasonally-adjusted, annualized rate, but is up 1.6% versus a year ago. NAFCU Chief Economist and Vice President of Research Curt Long expects a continued fall as unemployment remains high in a slow-recovering economy.
Fresh Today
NEW YORK—A new survey has found 44% of Millennials considered one of three megabanks—Bank of America, JPMorgan Chase, and Wells Fargo—their primary bank, and that mobile apps impact those decisions.
MARLBOROUGH, Mass.–With credit unions still updating their own hastily developed response plans to the coronavirus pandemic, many are now also developing plans in response to the protests taking place across the country.
MADISON, Wis.–A credit union’s billboard here that was tagged with graffiti is not only not being taken down, it’s being called a “powerful message.”
WASHINGTON–The Independent Community Bankers of America (ICBA) has added its voice to those urging the Treasury Department and Small Business Administration to make the Paycheck Protection Program loan-forgiveness process less complex and onerous for borrowers and lenders.
WASHINGTON— The Federal Reserve has expanded its Main Street Lending Program to allow more small and medium-sized businesses to be able to receive support.
WASHINGTON – NAFCU said it has redeveloped its BSA and Summer Regulatory Compliance Schools from in-person events to virtual platforms.
MIAMI LAKES, Fla.— JetStream Federal Credit Union is partnering with ALLOY Insurance Partners to create JetStream Insurance Group, LLC.
MADISON, Wis.–The CUNA Councils have announced an “ALL TOGETHER” campaign aimed at building membership.
OXFORD, Maine–As part of a month-long initiative, Oxford FCU executed a three-phase campaign called Operation Brighter Days to lift the spirits of its staff, members, and community, and to remind everyone that brighter days are ahead.