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WALES, U.K.–Families in Wales are going into debt to pay for basics like food and fuel as the cost of living continues to rise, according to Cambrian Credit Union here.

ARLINGTON, Va.—Total consumer credit rose 14%, at a seasonally adjusted, annualized rate in March and is up 7.5% compared to a year ago.

LAKEWOOD, Colo.—Aux is reporting it added 12 new clients for its outsourced back-office services in Q1 2022. 

WASHINGTON—The issue of overdraft fees raised its head in yet another Senate hearing, as did questions around cybersecurity risks to credit unions.

WASHINGTON—Credit union loans outstanding increased 1.6% in March, compared to a 1.1% increase in February of 2022 and a 0.1% increase in March of 2021, according to CUNA’s latest Monthly Credit Union Estimates.

NEW YORK—Total household debt in the first quarter of 2022 rose by $266 billion (1.7%) to $15.84 trillion, according to the Federal Reserve Bank of New York’s Center for Microeconomic Data’s newly issued Quarterly Report on Household Debt and Credit.

NEWPORT NEWS, Va.– Bayport Credit Union’s BayPort Foundation raised $113,170 at its first-ever Charity Golf Classic event.

KNOXVILLE, Tenn.—Knoxville TVA Employees Credit Union believes it has the answer to a problem that has been vexing credit unions for years—how to turn unprofitable indirect members into profitable ones.

PENSACOLA, Fla.–Noting it promotes diversity, equity, and inclusion by celebrating heritage awareness months, Pen Air FCU has formed a Diversity, Equity, and Inclusion (DEI) Committee is to provide visibility, awareness, representation, pride, support, and education for all members of the Pen Air staff, every month of the year.