WASHINGTON—Stronger-than-expected job gains pushed back fears of a recession, sending the stock market to a record high.
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NEW YORK—Despite inflation improving, new data show consumers’ balance sheets are not improving.
RALEIGH, N.C. – In response to the catastrophic flooding, landslides and widespread destruction in western North Carolina from Hurricane Helene, the SECU Foundation has approved a $3.75 million disaster relief package to assist communities affected, the League of Southeastern Credit Unions reported.
SALT LAKE CITY, Utah – A federal grand jury here has returned an indictment charging residents from Texas and Louisiana after they allegedly robbed $200,000 from a credit union ATM while it was being serviced by a technician, the Department of Justice reported.
ARLINGTON, Va.—National Association of State Credit Union Supervisors will hold its 59th annual meeting, the State System Summit, from Oct. 21-23, at the Broadmoor in Colorado Springs, Colo.
WASHINGTON—Federal Reserve Financial Services has issued new resource guides for the FedNow Service, providing information on service readiness, onboarding, and additional guidance for institutions looking to join FedNow, America’s Credit Unions reported.
SAN FRANCISCO—Visa plans to purchase a fraud prevention vendor founded by a Cambridge University doctoral student to provide protection against payment fraud and financial crime risks, Bank Info Security reported.
PHOENIX—The $3.3-billion OneAZ Credit Union has agreed to buy $624-million 1st Bank Yuma, based in Yuma, Ariz., marking the 17th such deal of 2024, a one-year record for these agreements.
VALDOSTA, Ga.—At the $26-million Georgia Power Valdosta FCU, despite the CU serving the local power company, the biggest problem with getting back to business has been a lack of electricity, CEO Kim Cowart said.
WASHINGTON—Mortgage applications decreased 1.3% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Applications Survey for the week ending Sept. 27.