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MADISON, Wis.–A decline in higher yielding credit card loan balances has lowered the credit card to total loan ratio to 5% today, close to the lowest in credit union modern history, according to TruStage’s newest Trends Report, which also found new-auto loan balances fell 0.1% in May, savings balances rose at a 4.0% seasonally-adjusted, annualized growth rate and the disparity between small and large credit unions’ return-on-asset ratios decreased significantly over the last year.

BOISE, Idaho — Idaho Central Credit Union has issued a clarification regarding its terms and conditions for using its eBranch after a member raised concerns.

CHICAGO– As consumers continue to await interest rate relief in the form of the rate cuts many analysts are predicting for September, credit products continue to serve to bridge the financial gaps that may exist in many household budgets, according to the new Q2 2024 Quarterly Credit Industry Insights Report (CIIR) from TransUnion.

KENNIWICK, Wash.–A “quick-thinking” employee at a credit union here is being credited with helping to save a mother after she was targeted in a virtual kidnapping scam. 

SACRAMENTO, Calif.–A new bill is being introduced in the California Assembly that seeks to put limits on the NSF fees credit unions and banks can charge.

FRANKFORT, Ky.–Commonwealth Credit Union has made a $550,000 donation to Baptist Health in Richmond, Ky. to purchase a high-fidelity simulation lab.

NEW YORK—Even as U.S. consumers accumulated debt at a slower rate in the second quarter, the number  of credit card holders who have fallen behind on their bills has hit levels not seen in more than a decade, according to new data.

HONOLULU—All three credit union-backed candidates in Hawaii have won their primaries and will continue on to the November elections, while four states are holding their primary elections this week – Connecticut, Minnesota, Vermont, and Wisconsin.

LIBERTY LAKE, Wash.—The $5.8-billlon Spokane Teachers Credit Union here has agreed to buy $550-million Community Bank based in Joseph, Ore., the CU reported.