House Passes Comprehensive CREDIT Act, Which Seeks to Reform Credit Reporting 01/30/2020 07:53 pm WASHINGTON–The House has passed the Comprehensive CREDIT (Credit Reporting Enhancement, Disclosure, Innovation and Transparency) Act of 2020, which aims to reform certain aspects of the credit bureaus.
InterLutions’ I-Care Employee Benefits Sees Record Growth in 2019 01/30/2020 09:03 pm MILWAUKEE, Wis. – InterLutions is reporting its I-Care Employee Benefits program grew at a record pace in 2019 as the result of partnering with 18 new credit unions and nearly doubling the overall pool of insured employees under the I-Care program.
SECU's CUIS Closes 2019 With $1 Billion in Assets 01/31/2020 12:03 pm RALEIGH, N.C.– Credit Union Investment Services (CUIS), a wholly-owned subsidiary of State Employees’ Credit Union (SECU), reported it reached a historic milestone by closing out 2019 with member investment accounts having accumulated assets of more than $1 billion.
Ent CU Collects 1,200 Pounds of Food During Drive 01/30/2020 09:03 pm COLORADO SPRINGS, Colo. – Ent Credit Union’s 2019 Holiday Food Drive, held in November and December at its more than 35 service centers, collected 1,204 pounds of donated, non-perishable food items in support of area food banks.
CU Loans Outstanding Show Second-Slowest November in Six Years; Savings Growth is Up 02/03/2020 07:49 pm WASHINGTON—Credit union loans outstanding grew 0.56% in November, compared to an 0.64% increase in October, according to CUNA’s Monthly Credit Union Estimates for November 2019.
Economy Grew By 2% in Q4, as Trade, Geopolitical Uncertainty Drag on Performance 02/03/2020 07:48 pm ARLINGTON, Va.—The U.S. economy grew by 2.1% in the fourth quarter, remaining unchanged from its third quarter pace, according to the Commerce Department's initial GDP estimate.
NAFCU Urges NCUA to Consider Variable Rate on Interest Rate Ceiling 02/03/2020 07:49 pm ALEXANDRIA, Va.—In response to NCUA's decision to extend the 18% loan interest rate ceiling until Sept. 10, 2021, NAFCU is urging the agency explore the adoption of a variable interest rate, and encouraged the board to publish an advanced notice of proposed rulemaking (ANPR).
