VALLEY FORGE, Penn.–The average balance in employer-sponsored savings plans in 2022 was $112,572, well below the $141,542 recorded in 2021, according to the latest “How America Saves” report from investment firm Vanguard.
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WASHINGTON–Rep. Maxine Waters (D-CA) is calling for a hearing on how banks and other financial firms are using artificial intelligence.
ALEXANDRIA, Va.—When the NCUA board meets Thursday it will vote on a request for comment on its operating fee methodology, as well as on a proposed interpretative ruling and policy statement related to the Minority Depository Institution (MDI) Preservation Program.
ARLINGTON, Va.—Total retail sales increased 0.3% in May, further reversing declines in February and March.
ST. PETERSBURG, Fla.—Higher prices for many goods and services are still weighing on consumer spending decisions, according to a new PSCU report that also takes a deep dive into the money services sector.
ATLANTA–A federal judge here has ruled that LGE Community Credit Union cannot force class settlement from a suit that accused the CU improperly charging overdraft fees on an individual who sued separately in state court.
BALTIMORE—Twenty low-income credit unions are among the 44 institutions into which investment management firm T. Rowe Price said it has placed a total of $50 million aimed at providing capital to lenders that “empower small and diverse business owners and support under-resourced communities.”
WINSTON-SALEM, N.C. – Truliant FCU said it has completed the installation of 742 solar panels on the roof of its new Hanes Mall Operations Center.
NAPERVILLE, Ill.–Alloya Corporate said it’s ninth annual Credit Union Executive Leadership Symposium will return to The Palazzo at The Venetian Resort in Las Vegas Sept. 6—8.
BASEL, Switzerland —The World Council of Credit Unions (WOCCU) was joined by representatives from Australia, Canada, Poland, and the United States to make a sweep through three countries and to visit with key international standard setting bodies.