Fed’s Vice Chair Suggests Pace of Rate Increases May Need to Slow 10/04/2022 07:20 pm WASHINGTON—The vice chair of the Federal Reserve is indicating she wants to slow down the pace of rate increases being instituted by the Fed and in the process find the rate that will gradually bring inflation back to the Fed’s target of 2%.
Average Member Relationship Hit New High in Q2, Analysis Finds 10/04/2022 07:20 pm WASHINGTON– The average member relationship at U.S. credit unions hit $23,388 in the second quarter of 2022, the highest balance on record, according to an analysis by Callahan & Associates.
Advice, Warnings On How Best to Respond 10/04/2022 08:37 pm WASHINGTON—As rates continue to rise and more credit unions feel liquidity pressures, at least one CEO is cautioning that any CU pricing auto loans well below 4.78% (this week) is risking “institutional suicide.”
WOCCU, USAID Partner With Ecuador on New Guide 10/04/2022 09:22 pm QUITO, Ecuador—Saying they have a goal of facilitating effective and inclusive employment solutions for migrants, refugees and local residents, the United States Agency for International Development (USAID), World Council of Credit Unions’ (WOCCU) Economic Inclusion Project (EIP), the Ecuadorian Ministry of Labor, CONQUITO and Program Sin Fronteras have joined together to develop “The Guide for the Hiring of Human Talent in Ecuador.”
CULAC Set to Spend $2.5 Million on Ads for These 8 Candidates Before General Elections 10/04/2022 07:20 pm WASHINGTON–The Credit Union Legislative Action Council (CULAC), CUNA’s PAC, said it will spend more than $2.5 million on advertisements in support of eight credit union “champions” for Congress between now and election day in November.
Tedesco Honored by Catholic Charities of Long Island 10/05/2022 10:01 am OCEANSIDE, N.Y. – Joe Tedesco, president & CEO of Ocean Financial Federal Credit Union (OFFCU) was honored by Catholic Charities of Long Island at the organization’s annual golf classic at the Huntington Crescent Club in Huntington, N.Y.
DCUC Names Laverty Communications Specialist 10/05/2022 09:57 am WASHINGTON, DC – The Defense Credit Union Council has named Haleigh Laverty Communications Specialist.
Westerly Community Credit Union Hires Melchione as a Business Development Officer 10/05/2022 11:19 am WAKEFIELD, R.I.--Westerly Community Credit Union has hired Shannon Melchione as a Business Development Officer.
