WASHINGTON—From replacing the CFPB’s director to a million dollars in credit union support for a senator who lost his race, political experts addressed what transpired during the latest elections and what lies ahead for the movement under a new administration.
THE news
WASHINGTON—The Defense Credit Union Council (DCUC) has sent a letter to the U.S. House and Senate ahead of the upcoming lame-duck session, emphasizing critical legislative priorities for the nation’s nearly 200 defense credit unions and the 40 million members they serve, particularly active-duty military, veterans, and their families.
MISSOULA, Mont. — A former Missoula credit union employee accused of embezzling approximately $390,000 from the vault and swapping the real money with fake funds has admitted to a theft charge, the Department of Justice reported.
NEW YORK—Despite consumers feeling better about inflation and their household balance sheets, a new study reveals credit card concerns are mounting.
WICHITA, Kans.—The $1.9-billion Meritrust Credit Union here and $1.7-billion Premier Members CU, based in Boulder, Colo., have agreed to merge.
RALEIGH, N.C.—Members of the $56.5-billion State Employee’s Credit Union have voted to re-elect four incumbent directors, Business North Carolina reported.
TALLAHASSEE, Fla.—Following a natural disaster, a warm meal can mean just as much or more to people than a short-term loan, says First Commerce CU.
WASHINGTON—Credit unions’ work serving those “left behind by big banks” is more important than ever, America’s Credit Unions wrote to a Senate Banking subcommittee ahead of its hearing this week to examine the macroeconomic impacts of tax reform that will take place next year.
LAWRENCEVILLE, Ga.— Used vehicle values shifted gears in August, Black Book reported.
NEW YORK—A new study from Bankrate, which surveyed the interest rates of 108 store cards from leading retailers in early September, found they have reached a record high since Bankrate started tracking them in 2008, CNN reported.