MADISON, Wis.—World Council of Credit Unions (WOCCU) said it has started 2024 by adding two new member organizations: Moldova’s Central National Association of Savings and Credit Associations (CNASCA) as a direct member, and Cresol Confederation as a second associate member from Brazil.
Fresh Today
WASHINGTON—The Federal Trade Commission has announced the tentative agendafor its annual PrivacyCon event, which will take place virtually on March 6 and feature discussions on a variety of privacy and data security research.
PHOENIX– The Desert Financial Foundation, the philanthropic arm of Desert Financial Credit Union, is reporting it raised $580,000 for Credit Unions for Kids benefiting Children’s Miracle Network Hospitals and Phoenix Children's 1 Darn Cool School during its 26th Annual Desert Financial Foundation Golf Tournament.
WASHINGTON—A group of Republicans that includes Sens. Ted Cruz (R-TX), Bill Hagerty (R-TN), Rick Scott (R-FL), Ted Budd (R-NC) and Mike Braun (R-IN) has filed legislation to halt efforts by the Biden administration to issue a central bank digital currency (CBDC).
HERNDON, Va. – Led by strong growth in Same Day ACH and business-to-business (B2B) payments, the ACH Network is reporting it handled 31.5 billion payments valued at $80.1 trillion during 2023.
NEW YORK—Citi and Mastercard have entered into new agreements to provide a credit card program for customers of the department store Dillard’s.
ZACHARY, La.–A one-of-a-kind infographic explaining reasons for merging; a CU reaching more than 1,000 miles south to enter a new state; a CEO’s whose merger-related comp package is nearly 10% of the CU’s asset size. All of that and more can be found in CUToday.info’s latest review of merger disclosures filed with NCUA by credit unions seeking to combine.
WASHINGTON—Existing home sales and new single-family housing starts are expected to grow modestly in 2024 amid lower mortgage rates and slowly strengthening homebuyer sentiment, according to the February 2024 commentary from the Fannie Mae Economic and Strategic Research (ESR) Group.
NEW YORK—Total credit card debt in the U.S. has reached a record high, a challenge exacerbated by the fact people are putting less money toward paying it down, a new report reveals.
SANTA BARBARA, Calif.–With credit unions having adopted a number of different work requirements post-COVID, new data indicates fully remote workers are falling behind in one of the most-prized and important aspects of a career: getting promoted.