COLUMBIA, S.C./RALEIGH, N.C.–New analysis released by the Carolinas Credit Union League has found nearly6.5 million Carolinians shared $526.7 million in direct benefits as credit union members in 2022. The findings are based on data compiled by CUNA Economics and Statistics.
PARSIPPANY, N.J.–Garden Savings FCU has introduced an artificial intelligence-powered phone assistant named, Alex.
NEW YORK—Another consumer survey, another finding that consumers are feeling significant anxiety around their finances that offers an opportunity to credit unions.
NEW YORK—Households are facing a shrinking reserve of savings and a growing mountain of high-interest consumer debt, another report as found.
DUBLIN, Ireland–Social enterprise funder Community Finance Ireland (CFI) has announced plans to collaborate with this country’s credit unions on a co-lending project to help enhance lending to charities and sporting groups.
WASHINGTON—The White House is supporting a plan that would impose a 30% tax on the electricity used in cryptocurrency mining. The tax, which would potentially be included in the next federal budget, seeks to minimize the nascent industry’s impact on climate change, Yahoo News reported.
MADISON, Wis.–A new analysis from CUNA Mutual’s chief economist is offering some insights into what is taking place in the savings market and driving consumer behavior.
WASHINGTON–Annual share growth at credit unions has slowed for seven straight quarters now, mirroring the decline in the personal savings rate, according to new analysis by Callahan & Associates.
WASHINGTON—Greater clarity around federal rules related to credit unions serving cannabis businesses is needed, NAFCU said in a letter to the Senate Banking Committee.
DENVER–The Tenth Circuit Court of Appeals has declined to revive a trademark lawsuit between two credit unions.
