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MADISON, Wis.—The National Credit Union Federation of Korean (NACUFOK) has made a “sizeable donation” of facemasks to the World Council of Credit Unions.

NEW YORK—The COVID-19 pandemic has exacerbated the rising cost of compliance for financial institutions, a new report reveals.

SAN FRANCISCO—Wells Fargo is embarking on its biggest push to expand a major business line since it named a new CEO, launching a roster of credit cards aimed at competing with popular products from larger rivals, Bloomberg reported.

SEOUL, South Korea—Another digital wallet has bitten the digital dust, and this time it’s LG’s contactless mobile payments service in the U.S.

WASHINGTON—When the Federal Reserve adjourns its two-day meeting today, it could send a signal it anticipates raising interest rates sooner than previously expected following a spate of high inflation readings, according to one forecast.

WASHINGTON– “The devil is going to be in the details,” according to one analysis of what a new Internal Revenue Service proposal could mean for credit unions.

WYANDOTTE, Mich.–Saying it recognizes the need to increase employee pay as the economy continues to re-open, Michigan Legacy Credit Union said it has increased the minimum wage for employees to $16 an hour from $13 an hour, a 23% increase. The rate increases to $18 an hour after one year of employment, MLCU reported.

FALL RIVER, Nova Scotia–For the second time in 2021, multiple credit unions in Canada’s maritime provinces are looking to consolidate. 

LOWELL, Mass. – Jeanne D’Arc Credit Union recently held its 11^th Annual We Share A Common Thread Foundation Fundraiser, raising more than $95,000 to support the Foundation’s mission.

JACKSON COUNTY, Miss.–An Alabama man has been arrested here after allegedly attempting to rob a credit union for a second time in a matter of months. He had also been arrested earlier for attempting to rob another credit union.