WASHINGTON—The latest jobs report – with 228,000 jobs gained in November – keeps the Federal Open Market Committee (FOMC) on track to raise rates when it meets beginning today, according to NAFCU Chief Economist and Vice President of Research Curt Long.
Fresh Today
WASHINGTON—Total consumer credit rose 6.5% in October – the fastest growth pace seen since last November.
WASHINGTON—The Federal Reserve’s four rate hikes since December 2015 have cost credit card users an extra $6-billion in interest in 2017, according to a new report.
WASHINGTON—The U.S. is projected to end 2017 with more than $50 billion in new credit card debt, according to a new forecast.
VENTURA, Calif.–The huge California wildfires burning in Ventura and Santa Barbara counties have now become the fifth-largest blaze in the state’s history and are larger than both New York City and Boston combined.
ALEXANDRIA, Va.–After more than a decade of waiting, the logo of the National Credit Union Administration has been approved for an update.
BROOKFIELD, Wis.–Fiserv announced that two credit unions will convert to its Portico core solution.
KINGSPORT, Tenn.–Eastman Credit Union has announced a $13-million extraordinary dividend for 2017, the largest in its history. The credit union said its total payout to members will reach $105 million in 2018.
DUBLIN, Ohio–American Share Insurance announced that the company has been approved to provide primary share insurance in Montana.
WASHINGTON—CUNA reported that it has now received 10 nominations for the trade association’s 2018 CUNA board elections.