ALEXANDRIA, Va.–NCUA will host a webinar today to explain its Simplified CECL Tool, which the agency said was created to help small credit unions implement the Current Expected Credit Losses accounting standard
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SNELLVILLE, Ga.–With its annual meeting scheduled to be held virtually on August 4, the African-American Credit Union Coalition (AACUC) said it is now seeking qualified candidates from the general membership to serve on its board.
NEW YORK—The upshifting to digital-based auto financing among dealers and lenders continues, growing by more than 10% in Q1 2023 over Q1 2022, a new report shows.
ENDWELL, N.Y.–Visions Federal Credit Union is reporting it has reached a philanthropic milestone—it has made $10 million in philanthropic donations to community organizations since 2013.
BROOKFIELD, Wis.–Fiserv has released its annual Corporate Social Responsibility (CSR) Report, which details the company’s commitment to its people and “positive impact on communities around the world,” and which provides an update on progress on CSR and Environmental, Social and Governance (ESG) programs.
DECATUR, Ill.–Land of Lincoln Credit Union said it is acquiring Nokomis Savings Bank in Nokomis, Ill. Terms of the deal were not released.
WASHINGTON–With the Federal Reserve largely expected to raise rates another 25 basis points before it adjourns its May meeting on Wednesday, a new analysis by WalletHub has found the 500 basis points in increases since March 2022 will cost people with credit card debt at least $33.4 billion over the next 12 months.
WASHINGTON— Private sector wage growth in the first quarter was 5.1%, the same as the fourth quarter of 2022, according to the new Employment Cost Index released by the Bureau of Labor Statistics.
WASHINGTON—The House of Representatives is in recess this week, and both CUNA and NAFCU say they will be focused on Senate hearings as well as the comment deadline for the CFPB’s credit card late fee proposal—although most eyes in Washington this week will be across town on the Fed.
WASHINGTON–CUNA said it has “serious reservations” over the “troublesome recommendations” made in a new GAO report.