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ALEXANDRIA, Va.–The first review of 2023 of credit unions seeking to merge has found some new developments as well as some old reasons being cited when it comes to telling members why a combination would be in their best interests.

WASHINGTON –Sens. Mark R. Warner (D-VA) and Mike Crapo (R-ID) have formed the Senate Community Development Finance Caucus (CDFC), which they are describing as a bipartisan caucus dedicated to supporting the missions of Community Development Financial Institutions (CDFIs) and Minority Depository Institutions (MDIs) to “scale their activities and fuel more lending in low- and moderate-income (LMI) communities.”

WASHINGTON—Despite ending 2022 on a stronger-than-anticipated footing, the economy is still expected to slip into a modest recession beginning in the first half of 2023, the January 2023 commentary from the Fannie Mae Economic and Strategic Research (ESR) Group is predicting.

ALLEN, Texas—One credit union has implemented a new training program it says is not only helping to retain current staff in a highly competitive jobs environment, but also attracting new employees.

TAMPA, Fla.– Trellance, a provider of analytics, cloud and talent solutions to credit unions, has released its strategic priorities for 2023, including a new line of business as well as strategic priorities within existing solutions and services the CUSO said will allow it to prioritize and align with the needs of credit unions based on emerging trends for 2023.

WASHINGTON—Credit union loans outstanding increased 1.2% in November, compared to a 1.3% increase in October 2022, and a 0.7% increase in November 2021, according to CUNA's latest Monthly Credit Union Estimates.

WASHINGTON–The gap between expenses and revenue is narrowing as revenue growth begins to catch up with operating expense growth, according to a new analysis by Callahan & Associates.