CHICAGO—Consumers spent $12.1 billion on overdraft and NSF fees in 2024, according to a new study that also shows CU members are paying more OD fees than small bank account holders and credit unions are slower to drop OD charges than banks.
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ALEXANDRIA, Va.—As the Trump Administration calls for federal agencies to cut staff--and also discusses combining federal regulators--is NCUA already making moves to downsize?
LAKE FOREST, Ill.—Credit unions seeking to avoid a liquidity crunch this year must pay attention to one key fact: deposit rates are now a function of Treasury rates.
SAN JOSE, Calif.—One credit union contends that sports team sponsorships are good investments for CUs, as long as the marketing efforts match the culture of the membership.
DETROIT—As tax reform legislation markup is underway, bankers are not missing opportunities to suggest ways to tax CUs, including a proposed tax on credit union purchases of banks.
WASHINGTON—Will the Community Development Financial Institutions (CDFI) Fund be cut? That decision is up in the air, according to one Washington analyst.
LAKE FOREST, Ill.—A new study reveals where credit unions’ biggest threat to checking is clearly coming from—fintechs.
WASHINGTON—President Trump on Friday signed an executive order that aims to eliminate seven federal agencies—including the Community Development Financial Institutions Fund (CDFI).
ST. PETERSBURG, Fla.—Velera, created through the combination of Co-op Solutions and PSCU, is advancing to a new phase of its evolution—and part of that journey includes a new headquarters location.
NASHVILLE—The Independent Community Bankers of America (ICBA) has formally announced its new policy toward targeting the credit union tax exemption.