WASHINGTON—The decline in remittances to developing countries will be much worse than the 5% drop recorded in the wake of the 2007-2009 global financial crisis, the Institute of International Finance (IIF) said.
Fresh Today
ALEXANDRIA, Va.–NCUA has sent a letter to credit unions that discusses the enclosed administrative order approved pursuant to § 702.201 that reduces the amount of earnings retention required for credit unions classified as adequately capitalized
NOTRE DAME, Ind. – Notre Dame Federal Credit Union said it has funded in excess of 1,000 Paycheck Protection Program (PPP) loans totaling more than $177 million.
ATLANTA–With many credit unions debating what to do with their traditional summer internship programs this year when many offices remain closed, one banking firm is paying incoming junior bankers to delay starting their jobs.
TALLAHASSEE, Fla.–How has the coronavirus pandemic affected your credit union’s marketing plans?
ALEXANDRIA, Va.–In the wake of the death of George Floyd at the hands of Minneapolis Police, and the resulting attention it has shone on racism in the country, NCUA Board Member Todd Harper said he is working to develop a plan to respond.
WASHINGTON–The first meeting of CUNA’s new CU System COVID 19 Restart and Recovery Task Force was held yesterday. CUNA CEO Jim Nussle said the task force is a CU system-wide “opportunity to foster dialogue” related to recovering from the pandemic and the resulting economic consequences.
WASHINGTON–The newest monthly estimates by CUNA for credit unions’ economic performance reflect “no big surprises,” but will reflect one unanticipated bright spot: an improvement in employment, according to Mike Schenk, the trade group’s chief economist.
WASHINGTON–Six more primaries are being held today, and credit unions are again backing numerous candidates in each of the states.
ST. PETERSBURG, Fla.—Card not present transactions continue to rise as the use of cash continues to fall, according to the latest weekly data from PSCU’s Advisors Plus and Data & Analytics teams.