WAUSAU, Wis.—The layoffs at the $4.3-billion Connexus Credit Union continue. Following layoffs of 16 workers in November and 18 employees in January, the credit union has reportedly laid off dozens of workers this month.
Fresh Today
MCLEAN, Va.--The 30-year fixed-rate mortgage averaged 6.89% this week, Freddie Mac reported.
WASHINGTON—Real gross domestic product declined at an annual rate of 0.2% in the first quarter of 2025, following a 2.4% increase in real GDP during the fourth quarter of 2024, according to the second estimate from the U.S. Bureau of Economic Analysis.
WASHINGTON—The Senate comes back to Washington next week and begins work on the Big Beautiful Bill.
REDONDO BEACH, Calif.—Another credit union is reporting it may have suffered a data breach.
WASHINGTON--Vice President J.D. Vance this week stated he supports the Senate passing a clean version of the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act (S. 1582) without any amendments, America's Credit Unions reported.
WASHINGTON--The D.C. District Court has set a June 12 motion hearing in the legal challenge from dismissed NCUA board members Todd Harper and Tanya Otsuka, America's Credit Unions reported.
MOUNTAIN VIEW, Calif.—The Financial Services Information Sharing and Analysis Center (FS-ISAC) is partnering with Google in a new initiative that merges Google’s threat detection expertise with FS-ISAC’s intelligence-sharing network to combat fraud in the financial sector, FS-ISAC said.
WASHINGTON— According to a new report from cybersecurity firm Imperva, over half of all web traffic is now automated, with financial institutions ranking among the top targets for malicious bots.
TROY, Mich.—The weakening of consumers’ balance sheets is creating an opportunity for credit unions, a new study suggests.