MUNICH, Germany—The microchip shortage plaguing so many industries could also disrupt the U.S. and global payments systems, the Smart Payment Association is warning.
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GENEVA, Switzerland – Sixty-five percent of global banking executives believe branch-based banking will be “dead” within five years, according to a new report.
DENVER–Denver Community Credit Union said it has launched a new solution for members that offers free access by members who use digital banking to their credit score and credit report daily.
ALEXANDRIA, Va.–Newly released data show that while overall membership in federally insured credit unions continued to grow during the year ending in the first quarter of 2021, 55% of federally insured credit unions had fewer members at the end of Q1 than a year earlier.
ALEXANDRIA, Va.—NCUA said it plans to conduct its second Diversity, Equity, and Inclusion (DEI) Summit in a virtual environment on Nov. 2–4.
WYANDOTTE, Mich.–Saying it recognizes the need to increase employee pay as the economy continues to re-open, Michigan Legacy Credit Union said it has increased the minimum wage for employees to $16 an hour from $13 an hour, a 23% increase. The rate increases to $18 an hour after one year of employment, MLCU reported.
WASHINGTON– “The devil is going to be in the details,” according to one analysis of what a new Internal Revenue Service proposal could mean for credit unions.
LAWRENCEVILLE, Ga.— The national shortage of new and used vehicles led to another record value-retention month, according to Black Book.
ARLINGTON, Va.–With the Paycheck Protection Program now having exhausted close to a trillion dollars in funding, the next big question for credit unions and borrowers alike will be the loan forgiveness process.
ALEXANDRIA, Va.–Federally insured credit unions reported net income growth of $11.3 billion, or 134.9%, over the year ending in the first quarter of 2021, according to new data released by NCUA.