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LAHAINA, Maui–In response to the devastating fires in Maui, emergency loans are being offered, NCUA said its examiners are working with affected credit unions, and fundraising efforts are underway.

MILWAUKEE—Credit unions with a clear vision of their future are doing a better—and more cost-effective—job of constructing operations centers today, according to one expert, who outlined the right and wrong ways to build these in-demand facilities.

ARLINGTON, Va.–With Congress in recess, NAFCU said it is already looking ahead to September and the return of Congress, where a key focus will remain on opposition to the Credit Card Competition Act.

NEW YORK–Americans now collectively owe more than $1 trillion on credit cards.

ALEXANDRIA, Va.–NCUA has sent a Letter to Credit Unions with a reminder that effective Sept. 1, all federally insured credit unions must notify the agency as soon as possible, and no later than 72 hours, after the CU reasonably believes it has experienced a reportable cyber incident or received a notification from a third party regarding a reportable cyber incident.

ARLINGTON, Va.–With the U.S. economy continuing to prove to be “more resilient than expected” even in the face of high inflation, a NAFCU economist said data to be released this week should offer a strong signal on where the Fed is headed with rates.

WASHINGTON–The average rate on the 30-year mortgage hit 7.09% in early August, its highest point since 2002, according to the Mortgage Bankers Association and historic data from Freddie Mac.