EL PASO, Texas–Raiz Federal Credit Union said it has been awarded two grants from the Community Development Financial Institutions Fund (CDFI).
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SAN JOSE, Calif.–Santa Clara County FCU has received its certification as a Community Development Financial Institution (CDFI) from the Treasury department.
WASHINGTON— The Consumer Financial Protection Bureau (CFPB) has issued two new reports on the financial opportunities and challenges it said are facing Southern communities.
WASHINGTON– The Worldwide Foundation for Credit Unions today will host a webinar titled “Crisis Response Efforts by Worldwide Foundation for Credit Unions - Stories from Ukraine and Turkey” June 22.
AUSTIN, Texas–The new “Global Banking Fraud Index 2023” offers some insights into the biggest banking fraud trends of the past 12 months, according to its publisher.
PURCHASE, N.Y.—Mastercard has launched a tool it says will help financial institutions set up international payments for their customers and members, including consumers and SMEs, in more than 60 currencies to over 100 markets.
PALM COAST, Fla.–The latest review of credit unions seeking to merge finds nearly all are below $10 million in assets (just two are between $40-$100 million in assets), and again uncovers CUs unable to find new managers, saying they simply can’t afford new technology (two of the CUs don’t have websites) and, in one case, offering a pretty unique formula for how it determined net worth should not be returned to members.
ARLINGTON, Va.—The credit union industry’s net worth ratio is up nearly 50 basis points from a year ago, according to a new report that also shows how CECL is impacting bottom lines.
WASHINGTON–With a short week in Washington and the July 4 recess approaching, credit unions’ attention will primarily be on Capitol Hill hearings this week.
RANCHO CUCAMONGA, Calif. – Despite an improving economic outlook, credit union members have been holding tight to their wallets, according to new report from Co-op Solutions that shows payment transaction numbers have been relatively flat.