AUSTIN, Texas–When is the best time to plan for an economic slowdown? When the economy is doing well, which is why one upcoming event seems ideal for credit unions.
Fresh Today
WASHINGTON–The House has voted in favor of a conference report that strikes a provision credit unions said would be harmful to military CUs under the 2019 National Defense Authorization Act (NDAA).
WASHINGTON–A credit union that has served an American Institution for nearly 40 years is about to disappear in a merger. National Geographic FCU’s membership has approved a merger into O.A.S. Staff FCU, also in Washington, effective in August.
WASHINGTON–The Financial Accounting Standards Board (FASB) has agreed to propose a credit union-backed change to its current expected credit losses (CECL) standard.
MADISON, Wis.–Credit unions set a membership growth record over the first five months of 2018, according to new data, breaking the five-month record established in 2017.
DELRAY BEACH, FL. – The $1.1-billion IBM Southeast Employees Credit Union said it is acquiring the $350-million The Oculina Bank in Vero Beach, Fla.
CLEVELAND, Ohio–A judge here has ruled in favor of a law firm over demand letters it had sent and against the Bureau of Consumer Financial Protection.
ARLINGTON, Va.—New home sales decreased 5.3% in June from the previous month, with sales retreating in three of the four regions. The median sales price also fell, which NAFCU Research Assistant Yun Cohen attributed to fewer sales in the pricier West region.
SEATTLE–The U.S. housing market, especially some of the hottest areas such as Seattle, Silicon Valley and Austin, Texas, appears to be headed for the broadest slowdown in years, according to a new report.
BOSTON–The Massachusetts Legislature has moved forward pieces of legislation related to data breaches and a bill is now before the governor for his signature.