WASHINGTON–The Federal Reserve has opted to make no changes in interest rates following the conclusion of its meeting here, but it has indicated it could move as soon as next month to cut rates if the United States and China aren’t able to find ways to resolve their trade dispute.
ORLANDO, Fla.–Credit unions face three “existential” challenges, one of which is a self-inflicted “heart attack,” according to CUNA’s CEO, Jim Nussle.’
ORLANDO, Fla. – Three more states have signed on with CUNA’s Open Your Eyes to a Credit Union awareness initiative.
ORLANDO, Fla.–It may seem obvious, but real-time payments are really about time–and consumers increasingly expect to use as little as possible to make purchases or exchange money, according to one person.
ORLANDO, Fla.–Executives from small credit unions here were given a reminder and an update on the resources available to them.
MADISON, Wis.–CUNA Mutual Group has announced the launch of Horizon II, a new generation of the MEMBERS Horizon Variable Annuity.
MENLO PARK, Calif.–Facebook has formally announced its plans to launch a cryptocurrency called Libra, saying it will offer a secure blockchain-based payment system backed by hard assets and designed for mainstream users.
MADISON, Wis.–Credit union loan balances and membership growth both slowed during April, with the number of new members joining CUs down significantly. Adjustable-rate mortgages showed surprising growth however, while net charge-offs showed a small decrease.
AMARILLO, Texas–Education Credit Union here has named a new CEO. The $268-million ECU said it has selected Eric Jenkins to lead the organization.
WINSTON-SALEM, N.C.–Truliant Federal Credit Union has filed a lawsuit against BB&T and SunTrust Banks as they plan to merge and form a new $28-billion bank to be called Truist. The credit union’s complaint alleges the new name is too similar sounding to its own.
