COQUILLE, Ore.—The $1.2-billion First Community CU here intends to purchase three branches from $28.8-billion Umpqua Bank.
Fresh Today
ARLINGTON, Va.—On a seasonally-adjusted basis, overall consumer prices increased 0.1% in February, matching January's growth. The Bureau of Labor Statistics reported the overall consumer price index (CPI) grew 2.3% over the 12-month period.
ARLINGTON, Va.—NAFCU, in a letter to the Federal Communications Commission (FCC), reiterated its support for a reassigned numbers database to aid in the elimination of illegal robocalls, but cautioned against certain recommendations that could increase credit unions' costs.
HERNDON, Va.—Nacha issued an Operations Bulletin this week reminding financial institutions of the importance of reviewing their business continuity plans to ensure that they are prepared to maintain ACH payment processing capabilities in the event of possible disruptions.
NEW YORK–Many credit unions have announced plans to have employees work from home where possible as they seek to reduce the risk from the coronavirus COVID19.
LONDON—Central banks will ask world leaders to back a “roadmap” for cutting the cost of cross-border payments, the Bank for International Settlements (BIS) said.
SUMTER, S.C. – Saying it is seeking to help South Carolina families priced out of today’s housing market, SAFE Federal Credit Union has introduced a “First Time Home Buyer Plus Program that allows qualifying members to purchase a home with no down payment.”
SAN FRANCISCO—The Money Anxiety Index, which measures the level of financial confidence of consumers based on actual financial behavior, decreased 1.2 index points in February reflecting consumer resiliency despite the Coronavirus.
SOUTH PORTLAND, Maine—Atlantic Regional FCU has paid $18.1 million for an office building here that will become its new headquarters.
LONDON—The United States. is 17th in terms of the most secure countries when it comes to cyber readiness, a new report suggests.