NEW YORK—U.S. consumers’ total outstanding balance on revolving credit, largely credit card debt, is over $1.03 trillion.
Fresh Today
ALEXANDRIA, Va.–The newly enacted rules for how members can communicate with one another during proposed mergers among credit unions has been addressed in a new Letter to Credit Unions from NCUA.
SEATTLE–If they haven’t already done so, credit unions and other employers across the country will likely feel additional pressures to raise their minimum wage following a move by Amazon to pay at least $15 an hour for all U.S. employees.
WASHINGTON–In a statement released in conjunction with a Senate Banking Committee hearing, the Independent Community Bankers of America (ICBA) called on regulators to quickly implement provisions of the Economic Growth, Regulatory Relief and Consumer Protection Act, including simpler capital rules and short-form call reports for community banks.
TAMPA, Fla.––Trellance, a CUSO that says it’s on a mission to deliver end-to-end products and services to realize growth and profitability for credit unions, has acquired IronSafe, an Illinois-based software company that offers data analytics.
BOSTON–Credit unions and banks in certain New England markets are about to get a big new competitor.
MADISON, Wis.—CUES has announced its new membership benefits are now available to the credit union community.
GREENBURG, Penn.–Westmoreland Community FCU here has changed its name. The $86-million credit union is now known as pheple FCU, which it says stands for “people helping people.”
"It's who we are, it’s what we do,” pheple FCU now says in its tagline.
MADISON, Wis. – The National Credit Union Foundation said it is currently seeking nominations for four board seats.
HAWTHORNE, Calif.–SkyOne Federal Credit Union has named a new president and CEO. The $468-million SkyOne said it has selected Joseph Whitaker to lead the organization, succeeding Eileen Rivera, who has been with the credit union for 31 years.