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ALEXANDRIA, Va.–NCUA has sent to Congress its report on Minority Depository Institution (MDI) credit unions—which represent about one in 10 federally insured CUs—saying they remain “well positioned to provide access to safe, fair, and affordable financial products and services within under-resourced communities.”

NEW YORK–Credit unions’ lending volumes are tightly tied to auto loans, and a surprise in 2022 has been just how strong auto sales have been this year.

NEW YORK–With most credit unions either having settled upon their post-pandemic work policies, or are still experimenting with various approaches, at least one analysis is suggesting there are “damaging consequences” from of the mandated return to office.”

NEW YORK–While the headlines, including in CUToday.info, have been ablaze about the proliferation of generative AI tools like ChatGPT, with many predicting the new tech will replace workers in various fields, not everyone agrees.

ANCHORAGE, Alaska–Global Credit Union has laid off 185 employees, including 78 in its home state of Alaska.

WASHINGTON—While the Fed opted not to raise rates at its June meeting, some members of its Federal Open Markets Committee did favor pushing rates up further, according to the minutes of the meeting just released by the Fed.

LITTLE ROCK, Ark. — Arkansas Federal Credit Union is reporting it has received certification as a community development financial institution from the Treasury Department.

LONDON—In what are being described as “tough” rules, the U.K.’s Financial Conduct Authority (FCA) has introduced new requirements for companies advertising cryptoassets.

FARMINGTON HILLS, Mich.–Alliance Catholic Credit Union said it has added five more interactive teller machines (ITMs) from Dolphin Debit to its ATM fleet.