UNION TOWNSHIP, Ohio–Sharefax Credit Union here has announced plans to build a new headquarters building. The CU said it will build a new four-story, 33,282-square-foot building to include its main office and a retail branch in the Ivy Pointe Commerce Park.
Fresh Today
NAIROBI, Kenya–This country’s largest cooperative bank has agreed to bail out one of the country’s largest credit unions, which has been having liquidity issues in recent months.
CHARLOTTE, N.C.–More than one-in-five Americans are reporting they have had a credit card declined in the past year, according to a new survey.
NEW YORK–Auto dealers across the country say they are reducing the inventory on their lots in preparation for a slowdown in sales, with one going as far as to say he knows a recession is coming.
ARLINGTON, Va.—Existing-home sales fell 1.7% to a seasonally adjusted annual rate of 5.3 million units in June, a slight retreat from gains made in the previous month.
GRAY, Tenn.–Appalachian Community FCU here, which has returned a $1-million grant to the federal government, said it’s getting back to the basics and is not in a position to support grant-funded activities.
RICHLAND, Wash.–Two billion-dollar-plus credit unions in Washington announced they have received regulatory and member approval to complete a merger, and now plan to work to integrate systems and also select a name.
GREAT FALLS, Mont.–Two Montana credit unions have announced plans to merge. By a 279-11 vote, members of the $5-million Shelby Community Credit Union have voted in favor of combining with 1st Liberty Credit Union.
ARLINGTON, Va.–Federal regulators need to continue to reject the “cockeyed worldview” of big banks, especially when it comes to allowing those banks to take on even more risk.
WASHINGTON—Ahead of this week’s hearing examining the proposed merger between SunTrust and BB&T, NAFCU encouraged members of the House Financial Services Committee to look at big bank riskiness and the impact a potential merger would have on consumers, community institutions and competition.