CHICAGO—Delinquency rates for credit cards and auto loans are expected to increase in 2017, but the rise should not be considered a serious warning sign—yet, according to a new report.
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WASHINGTON—Credit card companies correctly predicted the Federal Reserve’s December rate hike, with the average APR for new offers rising 18 basis points in anticipation of the move and another 13 basis points afterward.
WESTBROOK, Maine–Infinity FCU here is reporting it saved members at least $1.22 million in interest and fees through loan refinancings during 2016.
MADISON, Wis. — UW Credit Union has opened up a branch with permanent space inside the University of Wisconsin-La Crosse’s Student Union today.
LENEXA, Kan.–CommunityAmerica Credit Union said it has paid a bonus dividend of $8 million to its members, or an average of nearly $100 to every member household.
WOLFSBURG, Germany–Volkswagen is apparently moving toward an in-car payments solution. The company has acquired PayByPhone, a Canadian mobile payments company, for an undisclosed amount.
ST. PETERSBURG, Fla.–PSCU said it has deployed additional technology to minimize loyalty rewards redemption fraud for all credit unions using its CURewards program.
TUKWILA, WASH.—BECU has purchased eight buildings at the Gateway Corporate Center office and industrial park here for an undisclosed price.
ALEXANDRIA, Va.—The NCUA board Thursday voted 2-0 in favor of issuing an advance notice of proposed rulemaking on alternative capital for federally insured credit unions.
ALEXANDRIA, Va.—NCUA will share its plans for a supplemental capital rule during the agency’s open board meeting today.