ST. PETERSBURG, Fla.—PSCU has announced a patronage dividend of $25.4 million for the cooperative’s 2017 fiscal year operations. Based on the cooperative’s financial strength, the CUSO also previously distributed a payment of $5.5 million related to the prior issued capital credits.
Fresh Today
ALEXANDRIA, Va.—The NCUA board has approved two issues before it: changes to its emergency merger rule and the renaming of certain offices within the agency as part of its reorganization.
WASHINGTON—The Department of Defense (DOD) has published guidance on changes to the Military Lending Act (MLA).
FORT WAYNE, Ind.–The $120-million Fire Police City County FCU said it is moving its core processing system over to CU*BASE, the flagship solution from CU*Answers.
WASHINGTON–Any credit union that has reviewed a loan application knows that increasingly applicants are earning a living as part of the so-called “gig economy” and likely doesn’t hold a steady position.
IRVINE, Calif.–Americans’ equity in their homes continues to rise as the housing market remains robust.
LONDON—The European Commission approved rules this week to increase competition and toughen up security in how people pay for goods and services across the European Union, pitting banks against financial technology firms, Reuters reported.
WASHINGTON—At a time when card networks and other electronic payment providers have delivered record growth and seen ongoing upward volume trends, there’s little evidence to support the conclusion that cash is dying.
WASHINGTON–As expected the Federal Open Market Committee at its meeting today moved to increase rates by a quarter-point to a range of 1.25% to 1.50%.
DES MOINES, Iowa–More states are adopting programs that create tax-favored accounts to help first-time homebuyers save for down payments on homes.