Trump Signs Exec Order Creating Council Focused on Affordable Housing 06/26/2019 07:43 pm WASHINGTON—President Donald Trump has signed an executive order to establish a new council that is focused on eliminating barriers to affordable housing.
Tariffs Blamed in Part for Slide in New Home Sales 06/26/2019 07:44 pm WASHINGTON—New home sales decreased 7.8% from April's upwardly-revised 679,000 annualized units. NAFCU Research Assistant Dhruv Singh attributed the plunging figure to the rising impact of tariffs on material costs.
Senate Banking Committee Explores Overhaul of GSEs 06/26/2019 07:45 pm WASHINGTON—Members of the Senate Banking Committee examined how to protect taxpayers while also overhauling the current housing finance system during a hearing to determine whether Fannie Mae and Freddie Mac (GSEs) should be designated as systemically important financial institutions.
Net Income at Banks Up 8.7% During Q1 06/26/2019 07:45 pm WASHINGTON–FDIC-insured commercial banks and savings institutions reported aggregate net income of $60.7 billion in first quarter of 2019, up $4.9 billion (8.7%) from a year earlier. The number of “problem” banks has also hit its lowest point since 2007.
ABA-Backed Research Report: CUs No Longer ‘Meeting the Mission’ 06/26/2019 07:46 pm WASHINGTON–A new research paper funded by the American Bankers Association claims credit unions are not just falling short of their mission to serve households of “small means,” but CU members are disproportionately from middle- and upper-income households and credit unions’ lack of “mission compliance” deepens U.S. economic inequality.
Attracting New Members in the 21st Century 07/02/2019 08:00 pm Twenty-first century technological innovations have revolutionized the ways and means by which financial institutions and consumers interact.
As Congress Heads Home for July 4, NAFCU Wants CUs to Light Fireworks Around NDAA 07/02/2019 08:05 pm WASHINGTON—As members of Congress return to their home districts ahead of the July 4 holiday, NAFCU is urging credit unions – especially defense credit unions – to connect with their lawmakers.
Is Real Reason for Municipal CU’s Conservatorship Huge Unfunded Pension Liability? 06/26/2019 07:46 pm NEW YORK–There appears to be more to the conservatorship of the $3-billion Municipal Credit Union than just a CEO who embezzled funds to pay for private limos and lottery tickets.
On 85th Anniversary Of FCU Act, NCUA Launches Digital Outreach Initiative 06/26/2019 07:47 pm ALEXANDRIA, Va.— To mark the 85th anniversary of the Federal Credit Union Act, NCUA has launched a digital outreach initiative, “85 Years of Community, Service, and Savings.”
Northwest FCU Honored by Mastercard 07/02/2019 09:15 pm HERNDON, Va.– Northwest FCU has been recognized by Mastercard for its philanthropic work as part of its 2019 Community Institution Segment Awards.
