CAPITOLA, Calif.–With broad swaths of California having been hit by heavy rains, snowstorms and flooding, credit unions have been offering relief to members. Among them: Bay Federal Credit Union, which serves Santa Cruz and Monterey counties and which it said “is here to support our members as they begin to clean up and repair their homes and businesses.”
WASHINGTON–Senate Housing, Transportation, and Community Development Subcommittee Chair Sens. Tina Smith (D-MN) and Ranking Member Mike Rounds (R-SD) have introduced the CDFI Bond Guarantee Program Improvement Act.
WASHINGTON–Trade groups, individual credit unions and regulators across the country have responded to the two bank failures last week with resources and messaging aimed at reassuring consumers and members about the health of credit unions.
TUCSON, Ariz.–Pima FCU has been approved to expand its field of membership to Navajo County, Arizona. The $1-billion Pima Federal said it worked with Dollar Associates to facilitate the expansion.
PHOENIX—Just in time for March Madness, consumers can now use their debit cards to place sports wagers at one betting location.
ONTARIO, Calif.–The California and Nevada Leagues has announced plans to host its first-ever ever CU Impact forum.
CHICAGO –The Federal Reserve’s FedNow Service will start operating in July, according to the Fed, which has provided additional details on how financial institutions can prepare for the launch.
ST. LOUIS–While the costs of home ownership due to high interest rates is getting significant attention, a new report reminds that while it may be less visible, current homeowners are also feeling the pain of expensive housing costs.
SPRINGFIELD, Ill.—A bill in Illinois to revamp the state’s crypto licensing requirements has advanced, putting crypto companies “on notice,” according to a new report.
WASHINGTON—The Treasury Department’s quest to build a company ownership database meant to battle dirty money has hit a roadblock, with a key national banking group calling on Treasury withdraw its “fatally flawed” plan.
