CHICAGO—Despite the emphasis on digital wallets, credit cards aren't going away soon, a new report indicates. In fact, a new TransUnion report found credit card usage to be at an all-time high.
Fresh Today
AUSTIN, Texas–A great question to ponder over Labor Day Weekend: Will you and your credit union be doing hard labor in finding new ways to grow and be relevant to members, or will you greatly ease that labor by learning from the very best CUs in the country?
WASHINGTON—The Financial Accounting Standards Board (FASB) during an open meeting this week indicated it would propose additional amendments in the coming months to further clarify its current expected credit losses (CECL) standard.
ARLINGTON, Va.—The U.S. economy grew an upwardly revised 4.2% in the second quarter – the fastest growth pace in nearly four years, according to the Commerce Department's second estimate released this week.
RALEIGH, N.C.–Coastal Credit Union said it is making a $2-million commitment over the next three years to CUNA’s national awareness initiative.
ST. PETERSBURG, Fla.—PSCU reported that it has set a new company benchmark, announcing it has converted a record number of credit and debit accounts on behalf of multiple new owner credit unions in just four months.
WASHINGTON—CUNA has submitted its comment letter in response to NCUA's risk-based capital proposal, arguing the rule in its current state is functionally unnecessary.
ALEXANDRIA, Va.–Credit unions have approximately two weeks to offer comment to NCUA on changes it is proposing to its consumer complaints records system.
RALEIGH, N.C. –– Constellation Digital Partners, LLC has released Aquarius 1.1, the developers’ portal of its cloud-based marketplace.
VIRGINIA BEACH, Va.–A woman who was tasered and shot at by police last week after authorities say she allegedly stabbed a credit union teller has appeared in court here.