ALEXANDRIA, Va.—Alaska continues to perform well in key growth categories, leading the nation in median membership growth and shares and deposit growth, and coming in second in median asset growth, according NCUA’s state-level data for the first quarter of 2019 for all federally insured CUs.
Fresh Today
WASHINGTON–Sixty-five House Democrats have signed a letter to CFPB Director Kathy Kraninger calling on the Bureau to immediately withdraw actions that could lead to fewer institutions subject to Home Mortgage Disclosure Act (HMDA) reporting, less data being reported, and that potentially would replace the CFPB’s current HMDA research tool with a new one.
WASHINGTON—In a letter to the CFPB, NAFCU said it supports proposed amendments to Regulation C that would increase the institutional and transactional coverage thresholds that govern reporting of Home Mortgage Disclosure Act (HMDA) data.
WASHINGTON—On a seasonally-adjusted basis, overall consumer prices increased 0.1% in May. In response, NAFCU Chief Economist and Vice President of Research Curt Long said the association "expects that the combination of weak inflation, slowing economic growth, and ongoing trade risks will prompt a rate cut in the third quarter."
WASHINGTON—House Ways and Means Oversight Subcommittee Chairman John Lewis (D-GA) has scheduled a hearing for June 19 to discuss repealing the 21% excise tax imposed on certain not-for-profits’ fringe benefits programs, including a tax that some credit unions had to start paying this year on executive compensation plans.
RANCHO CUCAMONGA, Calif.– CO-OP Financial Services is bringing back its “Roadshow” events in 2019 to six locations across the country between July and October.
HONOLULU–University of Hawai`i Federal Credit Union (UHFCU) launched this state’s first no minimum balance, high-yield savings account and grabbed more than $1 million in deposits since its June 1 launch.
SAN DIEGO–San Diego County Credit Union said it will try to once again set a new Guinness World Record at its upcoming “SDCCU Super Shred Event.”
WASHINGTON—CUNA is expressing support for the Comprehensive Regulatory Review Act (H.R. 3198), a bill introduced by Reps. Barry Loudermilk (R-GA) and Josh Gottheimer (D-NJ).
WASHINGTON–Hope Credit Union and Hope Enterprise Corporation were recognized with the 2019 Housing Visionary Award from the National Housing Conference during a gala here that recognized organizations and individuals making significant contributions toward advancing affordable housing.