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RANCHO CUCAMONGA, Calif.—In the wake of a ransomware attack that shut down 60 credit unions, cyber security experts are warning many CUs are just one compromised key supplier away from being shut down, too. It’s a growing threat they say can have numerous  downstream effects on many organizations.

WASHINGTON–The lowest mortgage rates the market has seen in six months has more home shoppers back in the market, but the same can’t be said for those who already own homes and who might previously have considered selling, according to a new report.

NEW YORK–In early 2024, credit unions are going to need to be wary of members who have accumulated loan debt during the holidays that isn’t showing up on credit reports.

WASHINGTON–Some of the governors with the Federal Reserve have offered some additional insights into their thinking around the direction of rates in 2024, although there is some disagreement around how many rate cuts might take place and when.

WASHINGTON–The banking industry is facing a “$160 billion” conundrum when it comes to commercial real estate, according to a new report.

EAU CLAIRE, Wis.–Royal Credit Union made a $5,000 gift to Feed My People food bank to support the purchase of a barcode scanning system at the food bank. 

WALTHAM, Mass.–Merrimack Valley Credit Union (MVCU) held its annual toy drive to support children and families in need throughout Massachusetts.