WASHINGTON—The consumers are expecting mortgage rates to decline over the next 12 months can be seen in the latest Fannie Mae Home Purchase Sentiment Index (HPSI), which increased 2.9 points in December to 67.2.
Fresh Today
NEW YORK—Consumers spent a whopping $222.1 billion online during the holiday season as usage of flexible spending options—notably BNPL—hit an all-time high, according to new data.
WASHINGTON–Consumer credit card debt hit $1.27-trillion in November of 2023, which is 6% higher than 2022 after adjusting for inflation, according to an analysis of Federal Reserve data by WalletHub.
CALEDONIA, Mich.–With plans to retire in March, Lake Michigan Credit Union has named a successor to CEO Sandra Jelinski.
MADISON, Wis.— CUES is now accepting applications for its 2024 emerging leader program, CUES Emerge.
GREENSBORO, N.C.– Vizo Financial said it and its payments CUSO, MY CU Services, have begun onboarding credit unions on the Federal Reserve’s FedNow Service.
TEMPE, Ariz. – TruWest Credit Union has relocated its headquarters.
WASHINGTON—More than $200-billion in suspicious activities were identified by financial institutions during the calendar year 2021, according to a new report.
SAN ANTONIO, Texas — Ecority, a nonprofit that has built a national coalition of credit unions and state-chartered green banks, said it is projecting that credit unions in the United States could finance 5.3 million projects for a total of $107 billion in just six years by “leveraging the industry’s existing branch network and digital channels along with potential grant funding.”
MINNEAPOLIS, Minn.–Saying to many credit unions have tried to be all things to all people, a fintech has been launched to leverage the power of “niche experiences” in order to better engage members.