NEW YORK–The nation’s largest banks have been quietly laying off workers all year, and “some of the deepest cuts are yet to come,” according to a new report.
Fresh Today
ARLINGTON, Va.—Existing home sales fell 2% in September to a seasonally-adjusted annual rate of 3.96 million units, representing a 15.4% decrease in sales versus a year ago, new data show.
BOULDER CITY, Nev.– Boulder Dam Credit Union, has named a new president and CEO. The $815-million credit union has selected Steele Hendrix to lead the organization and succeed the retired Eric Estes.
DUBUQUE, Iowa—Dupaco Community Credit Union is reporting that nearly 74,000 of its participating members received a share of more than $3.3 million in “Thank Use Ownership Perks” for 2023.
ARLINGTON, Va.–The National Cooperative Bank said it has closed a $2.5 million subordinated debt loan to Encurage Financial Network Credit Union in Chicago.
JACKSONVILLE, Fla.–VyStar Credit Union used International Credit Union Day to announce an expansion of its participation in several global initiatives.
SOUTH JORDAN, Utah–Ground has been broken on a new privately funded ballpark for the Salt Lake Bees, the Triple-A affiliate of the Los Angeles Angels, with America First Credit Union to have the naming rights to the ballpark and the nearby sports and entertainment plaza to be known as America First Square.
SACRAMENTO, Calif.—While a recent Senate vote was welcomed by credit unions and other financial institutions, not everyone is equally receptive to the Senate’s resolution of disapproval of a CFPB rule.
WASHINGTON—The Federal Trade Commission has released its new report, Protecting Older Consumers, 2022-2023, A Report of the Federal Trade Commission, which has that older adults reported losing more than $1.6 billion to fraud in 2022.
CHAPEL HILL, N.C.–Driven by what it called a “slight improvement” in advisor productivity and another year of gains in financial advisor headcount, credit unions overcame the “challenges of an uncertain economy to post gains in revenue from their investment services businesses last year,” according to the 2022-2023 Kehrer Credit Union Survey.