NEW YORK–The accelerating costs related to car ownership are taking a toll on Americans—and can be seen in rising delinquencies, according to a new report.
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WASHINGTON—The U.S. economy will experience moderate growth in 2024 while avoiding recessions, America’s Credit Unions’ economists forecast in ACU’s January Economic Update.
WASHINGTON– U.S. banks had loaned out more than $1 trillion to non-deposit-taking financial institutions, also known as “shadow banks,” as of Jan. 31, according to a new report from the Federal Reserve.
VIENNA, Va.–The nation’s 10 largest credit unions at year-end 2023 all finished with in the black, with net income at each larger than the assets of many credit unions.
FORSYTH, Ill.–Decatur Earthmover Credit Union said it is partnering with the Community Foundation of Macon County on a first-of-its-kind, comprehensive, $1-million grant funding collaboration called “Moving Forward.”
NEW YORK–While the future of branches remains the subject of debate, with credit unions coming down on both sides of the question, the nation’s largest banks are going all in on branch expansion.
ELKO, Nev. – Elko FCU has announced a total bonus payout and dividend of $750,000 to members through the 2023 calendar year. Deposited to accounts in January, the $750,000 member payout is its largest single-year dividend and payout in its 64-year history, according to the $263-million Elko Federal.
MEMPHIS–A Tennessee appellate court has rejected a decision by Tennessee’s state regulator that blocked the purchase of a bank by a credit union.
WASHINGTON—At least 18 senators have now indicated their support for cryptocurrency—but even more stand in firm opposition, according to a new report.
RIDGECREST, Calif.–AltaOne FCU has selected PSCU/Co-op Solutions to provide it with debit and credit card processing services and support.