NEW YORK—A new survey indicates that the national consumer default rates continue to rise. According to the S&P/Experian Consumer Credit Default Indices data through November, the national composite default rate stood at 1.07%, up one basis point from October 2014.
Fresh Today
ALEXANDRIA, Va.–NCUA is reminding low-income credit unions interested in providing staff training or hiring interns in 2015 to consider applying for the first round of technical assistance grants from the National Credit Union Administration.
WASHINGTON—Congress has passed a one-year extension of the Servicemembers Civil Relief Act’s (SCRA’s) post-service mortgage protections.
MADISON, Wis.—Seven people have been elected by acclimation to the CUNA board, while there is one contested election still to take place.
BIRMINGHAM, Ala.—Legacy Community FCU here has reached a deal to rename the BJCC Arena here the Legacy Arena at BJCC.
ARLINGTON, Va.—The National Association of Federal Credit Unions has launched a new membership video initiative, “Together We Are Strong,” to encourage credit unions to join the association in the fight against regulatory burdens, which it said are “strangling the industry, and the growing challenges from Wall Street banks.”
MADISON, Wis.–CUNA has promoted Jill Tomalin to deputy chief of staff, adding the title to her current role as chief operating officer. CUNA said that she will “advise CUNA President and CEO Jim Nussle and Chief of Staff Rich Meade in leading and managing all operations of CUNA.
MARLBOROUGH, Mass. –The $5.6-billion Digital FCU here has named the winners of its second annual DCU Innovation Contest, which challenges students at the University of Massachusetts-Lowell to develop an idea or product that could make a difference in the financial services industry.
SASKATOON, Saskatchewan—The Saskatchewan Environmental Society has won a $50,000 prize from Affinity Credit Union’s Business for Good Social Venture Challenge.
ATLANTA–Georgia's 136 credit unions experienced continued loan growth in the third quarter of 2014, enjoying the highest third quarter jump in more than a decade, according to data released by Georgia CU Affiliates.