WILLIAMSPORT, Penn.–Horizon FCU said it is moving to eliminate all of its certificates of deposit with the exception of those with 12-month terms—and then plans to eliminate those in 2024.
Fresh Today
WASHINGTON—With Treasury Secretary Janet Yellen appearing before Congress this week, NAFCU has sent a letter to members of the House Financial Services committee expressing concerns it has over issues it said will affect credit union.
LAWRENCEVILLE, Ga.—Used vehicle values declined slightly in May, according to a new report from Black Book.
JUNEAU, Alaska–A Juneau man who formerly worked for an armored car service has pleaded guilty to charges of theft, embezzlement, and misapplication of funds by a person connected in a capacity with a bank and credit union for stealing nearly $580,000.
ATLANTA—The U.S. Court of Appeals for the Eleventh Circuit has sided with Chase Bank in a Fair Credit Reporting Act (FCRA) lawsuit, determining the bank upheld its requirements under the law to conduct a “reasonable” investigation into the plaintiff’s dispute of inaccurate information furnished to the credit reporting agencies (CRAs).
OAK RIDGE, Tenn.–Y-12 Federal Credit Union said it has developed and launched a program called Y-Fi @ Work, which it is describing as a comprehensive financial education program dedicated to supporting organizations that actively seek to engage their employees on the importance of financial independence.
BANNOCKBURN, Ill.–Great Lakes Credit Union (GLCU) said it has launched its Foundation for Financial Empowerment, a 501(c)(3) nonprofit organization.
BASINGSTOKE, U.K.– The value of digital prepaid card transactions will exceed $3.98 trillion globally by 2028, up from $528.7 billion in 2023, according to a new study from Juniper Research.
SAN MATEO, Calif.–A new survey of what American workers expect when it comes to bonuses offers some insights for credit unions as they continue to work to recruit and retain employees.
ALEXANDRIA, Va.–Jim Hayes, whose hiring was big news when the world’s second-largest CU, State Employees Credit Union in North Carolina, looked outside the organization to name him as its new CEO in 2021, is leaving SECU to join State Department FCU effective July 31