WASHINGTON—Ahead of a hearing on entrepreneurship and veterans by the Senate Small Business Committee, NAFCU sent a letter that urges passage of the Veterans Members Business Loan Act, which would exempt loans made to veterans from the credit union member business lending (MBL) cap.
Fresh Today
WASHINGTON–United Nations FCU and OAS FCU will co-host the 6th Annual United in Sustainability Summit on Nov. 30 in Washington at the historic Organization of American States Building.
MADISON, Wis.— CUES is reporting that through Dec. 31, credit unions joining CUES at the Unlimited Membership tier may choose to purchase Unlimited+ Membership at no additional cost, a savings it said ranges from $1,100 to $1,480 for U.S. credit unions, depending on their asset size.
PASADENA, Calif.— Wescom Credit Union said it has unveiled a fixed rate feature on a home equity line of credit for its members, “allowing them to tap into their home’s equity while safeguarding the loan from rising interest rates.”
RANCHO CUCAMONGA, Calif, –With consumers now accustomed to tapping their debit and credit cards at the point of sale, they will soon also be empowered to do the same at credit union-operated ATMs, according to Co-op Solutions, which has introduced “Contactless ATM Access” for all NCR Atleos terminals now, and for Diebold and Hyosung terminals in 2024.
MADISON, Wis. – Summit Credit Union StartingBlock, a locally based startup hub, are reporting they have welcomed seven women entrepreneurs into the 2023 cohort of the Summit Credit Union Fellowship for Women Entrepreneurs.
EAST LANSING, Mich. — Two Michigan credit unions have announced plans to combine.
SALT LAKE CITY—America First Credit Union said it has entered into a 10-year naming rights agreement with the University of Utah Athletics Department to name the Utah baseball program’s future on-campus home America First Ballpark.
GARDEN CITY, Ga.–In part II of this latest three-part review by CUToday.info of what members are being told about the newest CU mergers that have been proposed, in addition to the typical reasons being cited—such as “improved products and services”—this report finds CUs citing capital constraints, another with 32% net worth saying it can’t compete, a CU paying flat share distributions regardless of account balances, members confused over what the name of the merged CU will be, and much more.
WASHINGTON–New data showing a slowdown in consumer prices makes it increasingly likely the Fed not only won’t raise rates in December, but may even begin reducing rates in 2024, according to credit union economists and other analysts.