ARLINGTON, Va.—Despite a favorable outlook on the future of lending, credit union leaders stance on the economy and their credit union’s performance weakened in July, according to NAFCU’s latest Credit Union Sentiment Index (CUSI).
THE news
WASHINGTON–There are “strong indicators of widespread potential fraud”—including as much as $45 billion in duplicative payments—in the SBA’s Economic Injury Disaster Loan (EIDL) and Advance Grant program, according to a new report from the agency’s Office of Inspector General.
NEW YORK–While the mortgage markets continue to see record low interest rates, one segment of the market has seen something of a reversal.
MADISON, Wis.—The Global Women’s Leadership Network (GWLN) is reporting its first-ever virtual "Pay to NOT Play" golf festival, raising 200% of its fundraising goal.
WASHINGTON–Many of the companies that received Paycheck Protection Program loans to help maintain their payrolls are now running out of those funds and letting workers go, according to several new reports.
CEDAR RAPIDS, Iowa—The FDIC is reporting an application for Savanna, Ill.-based First Savanna Savings Bank to merge into Collins Community Credit Union here was withdrawn on June 18.
ST. LOUIS–Together Credit Union said it has signed a deal to become the title sponsor of the newly completed outdoor plaza at Ballpark Village, adjacent to the home stadium of the St. Louis Cardinals.
WASHINGTON–Unless the federal government acts, credit unions will want to brace for an influx of members under financial pressure and missing payments in the near term, as a number of aid and assistance programs are set to expire.
ARLINGTON, Va.—On a seasonally-adjusted basis, overall consumer prices rose 0.6% in June, the largest rise since August 2012.
WASHINGTON–Reports continue to grow of significant errors in the Paycheck Protection Program data released by the Small Business Administration related to which companies have received funds.