SEOUL, South Korea—The Bank of Korea is gearing up for a pilot of its central bank digital currency, and it has chosen three regions to be part of the historic test.
Fresh Today
MADISON, Wis.–The World Council of Credit Unions will hold a webinar today titled “Navigating the Changing Landscape of Services Marketing in the Credit Union Industry.”
ALEXANDRIA, Va.–NCUA has sent a Letter to Credit Unions with a reminder that effective Sept. 1, all federally insured credit unions must notify the agency as soon as possible, and no later than 72 hours, after the CU reasonably believes it has experienced a reportable cyber incident or received a notification from a third party regarding a reportable cyber incident.
LAHAINA, Maui–In response to the devastating fires in Maui, emergency loans are being offered, NCUA said its examiners are working with affected credit unions, and fundraising efforts are underway.
ARLINGTON, Va.–With the U.S. economy continuing to prove to be “more resilient than expected” even in the face of high inflation, a NAFCU economist said data to be released this week should offer a strong signal on where the Fed is headed with rates.
WASHINGTON–The average rate on the 30-year mortgage hit 7.09% in early August, its highest point since 2002, according to the Mortgage Bankers Association and historic data from Freddie Mac.
BOWIE, Md.–Two credit unions have named new leadership.
COLORADO SPRINGS, Colo.–A former Army Ranger who was part of the “Blackhawk Down” mission that was immortalized in the book and movie of the same name shared lessons in leadership with credit unions here, including reminding that too often organizations become too wrapped up in the numbers, rather than “bringing people up.”
COLORADO SPRINGS, Colo.–What is the Defense Credit Union Council’s (DCUC) view of the proposed merger between CUNA and NAFCU?
ARLINGTON, Va.–With Congress in recess, NAFCU said it is already looking ahead to September and the return of Congress, where a key focus will remain on opposition to the Credit Card Competition Act.