WASHINGTON–The average rate on the 30-year, conventional, fixed-rate mortgage jumped to 3.77% in November from 3.47% in October (highest rate since January at 3.87%), according to the National Association of Realtors (NAR). The average commitment rate for all of 2015 was 3.85%.
OGDEN, Utah—The merger of Goldenwest and Health Care Credit Union has been approved after a special meeting of HCCU members. The merger is expected to be completed in the first quarter of 2017.
MEMPHIS, Tenn.—A robber wearing a Santa Claus mask held up a branch of Memphis City Employees Credit Union here.
MERRITT ISLAND, Fla.–Two more credit unions have announced they will increase their minimum wage.
SANTE FE, N.M.—Del Norte Credit Union is helping consumers, some struggling to pay their bills, afford groceries as Christmas approaches.
WASHINGTON—The Supreme Court has said it will hear the case of TC Heartland v. Kraft, which is expected to be closely watched by banks and credit unions due to its implications for financial institutions facing litigation from patent trolls.
ANN ARBOR, Mich.–Credit union member satisfaction is at a four-year low, according to a new study.
ALEXANDRIA, Va.–The NCUA board today approved rules related real estate and occupancy, the Freedom of Information Act, and the Texas Member Business Lending rule.
WASHINGTON—CUNA has written to the Consumer Financial Protection Bureau to reiterate its continuing concerns with the Bureau’s proposed Company Response Survey.
WASHINGTON–A new Congress and administration in 2017 have credit unions counting on progress on several priorities, but also concerned over any discussion that might affect the credit union tax exemption.
