Fresh Today

Fresh Today

ARLINGTON, Va.—Total retail sales decreased 0.3% in January – the biggest decline in nearly a year. NAFCU Research Assistant Yun Cohen said retail sales were down due to slowing vehicle sales.

ALEXANDRIA, Va.—NCUA’s decision today to return $735.7 million to CUs from the National Credit Union Share Insurance Fund in the third quarter of 2018 is not enough, according to NAFCU, while CUNA said it is still evaluating the distribution.

ALEXANDRIA, Va.-The National Credit Union Share Insurance Fund shows a significant increase in reserves to reflect “probable and estimable” losses by specific credit unions, which is widely believed to refer to losses by CUs that made loans for taxi medallions that have plummeted in value.