NEW YORK–Just like credit unions, the nation’s banks are paying higher rates as they chase deposits. Moreover, borrowing in the federal-funds market hit $120 billion on Jan. 27, the highest one-day total in Federal Reserve data going back to 2016, according to the Wall Street Journal.
Fresh Today
BARTOW, Fla. —A member of MidFlorida Credit Union has filed a lawsuit alleging she was injured as a result of “banking while Black.”
GLENDALE, Ariz.–Who will win the upcoming Super Bowl between the Philadelphia Eagles and the Kansas City Chiefs? If the outcome is based on lending performance of credit unions in the respective markets, it will be the Chiefs, according to an analysis conducted by Callahan & Associates.
RANCHO CUCAMONGA, Calif. – Co-op Solutions has introduced its “Strategic Provider Program,” which it said will give credit unions access to “pre-vetted, best-in-class products and services outside of Co-op’s core offerings, while also helping to streamline their procurement processes.”
WASHINGTON—NAFCU has a message to lawmakers on Capitol Hill it said is meant to “set the record straight on credit unions and the credit union difference,” after a banking group made taxing credit unions one of its priorities for the 118th Congress, adding that “it is unfortunate” that this continues to occur.
MUSCLE SHOALS, Ala.—The $1.3-billion Listerhill Credit Union said it has selected the Digital Customer Service (DCS) solution from Glia to here to “streamline” its online member service.
AUSTIN, Texas–Austin Telco FCU has announced a partnership with the Major League Soccer team Austin FC to become the Official Credit Union of the club.
IRVINE, Calif.– Origence Lending Services, a division of Origence, is reporting it saw record results for 2022, capping an 83% increase over 2021 and a 266% increase in loans funded over 2020.
STURGIS, S.D.–Six more open C-suite positions for which credit unions are seeking candidates have just been added to CUToday.info’s free job board, the Gig.
HONG KONG—The Russian co-founder of a Hong Kong-based cryptocurrency exchange that facilitated more than $700 million worth of illegal activity on the world's largest cybercrime marketplace is in a Florida jail cell following his arrest by the FBI.