WASHINGTON—The Senate Banking Committee on Tuesday will vote to advance the nominations of Rodney Hood and Todd Harper to the NCUA board, and Dr. Mark Calabria to lead the Federal Housing Finance Agency (FHFA).
Fresh Today
WASHINGTON–With the American personal savings rate at its lowest level since the U.S. financial crisis in 2008 at just 6% of disposable income, America Saves Week and Military Saves Week will kick off Feb. 25.
ARLINGTON, Va.—Existing home sales decreased 1.2% in January. Despite this decline, NAFCU Chief Economist and Vice President of Research Curt Long said he expects the market to rebound in the coming months.
WASHINGTON—CUNA and the World Council of Credit Unions have written a joint letter supporting the Internal Revenue Service’s proposed rule reducing regulatory burdens related to the Foreign Account Tax Compliance Act (FATCA).
CUPERTINO, Calif.–Apple will team with Goldman Sachs this spring to introduce a joint credit card that is paired with new iPhone features and will be aimed at helping users to manage their mone
RALEIGH, N.C.–CUNA’s chairman would like to see the Seven Cooperative Principles amended to also include language related to diversity and inclusion.
PARKERSBURG, W.V.–Two West Virginia credit unions have announced plans to merge. The $16-million Wood County Community FCU said it is merging into the $187-million West Virginia Central Credit Union, with WCCFCU members having already approved the combination.
RICHLAND, Wash.–Residents in this community have been receiving cards in the mail claiming to be from HAPO Community CU that claim to target people with mortgages and which provide a special number to call.
CHAMPAIGN, Ill.–University of Illinois Community Credit Union has named a new president/CEO. The credit union has selected Chris Harlan to lead the organization; Harlan has been serving as interim CEO since August 2018.
HERNDON, Va.– The National Automated Clearinghouse Association (NACHA) of is reporting 2018 was a milestone year, with payment volume climbing by almost 1.5 billion payments. That marks the fourth straight year the ACH Network has added more than one-billion new payments.