WILMINGTON, N.C. —While approximately 80% of Gen Z and 75% of Millennials have chosen a large bank as their primary financial institution, 52% are willing to switch to a community bank, 50% to an online-only institution and 47% to credit union, according to a new survey.
Fresh Today
DES MOINES, Iowa—Massive flooding driven by torrential rains in this state have credit unions scrambling to assist members, with the credit unions themselves reporting that to date they have largely escaped serious damage, the Iowa Credit Union League told CUToday.info.
WILLISTON, Vt.–A new name and brand have been announced by the credit union that has been formed by the merger of New England FCU and Vermont State Employees FCU.
WILLINGBORO, N.J. –ABCO FCU said it will unveil a new name and brand effective July 1.
SAN DIEGO–Less than six months after entering into a lending partnership with Tesla, Origence is reporting credit unions have done more than a half-billion-dollars in loans for the EVs, while a Tesla executive offered his thoughts on what has taken place to date and what he believes lies ahead.
SAN DIEGO–Success is simple. Or more precisely, success lies in simplicity. And yet leaders and organizations continue to add needless amounts of onerous complexity in failed attempts to drive success, according to one expert, who shared some examples on how to (simply) tackle the challenge.
GREENVILLE, Penn.– Bessemer System FCU is awarding a $100 one-time special dividend to each active member in good standing to “celebrate the credit union’s recent successes,” which will mean more than $330,000 infused into the local community, it said.
Will Consumers Also Need Cash With Card Purchases? Card Issuers Say Illinois Law Creates ‘Headaches’
SPRINGFIELD, Ill.–Card issuers and card companies in this state are raising significant concerns around a new law in Illinois that is the first in the nation to ban banks and credit card companies from charging retailers an interchange fee on sales taxes and tips.
BROOKLYN, N.Y.—The Eastern District Court of New York has rejected the $30-billion settlement between merchants and Visa and Mastercard that would have capped the fees the two card companies charge merchants, otherwise known as swipe fees.
WASHINGTON—The FDIC and Federal Reserve have announced said a joint review of the July 2023 resolution plan submissions of the eight largest and most complex banks in the U.S. has identified weaknesses in the plans from Bank of America, Citigroup, Goldman Sachs, and JPMorgan Chase.