WASHINGTON–After topping 7% just over a month ago, the average rate on the traditional 30-year mortgage has now declined more than 50 basis points.
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ALEXANDRIA, Va.–NCUA has approved moving management and oversight of its Austin, Texas-based Asset Management and Assistance Center (AMAC) activities from the Southern Region to an independent office led by the president of AMAC.
WASHINGTON—Economic activity in November was flat or moderately up over September, although the growth rate was down from the modest pace of the earlier month, according to the latest analysis released as part of the Federal Reserve’s Beige Book.
WASHINGTON—Recent failures of cryptocurrency and blockchain based financial platforms have demonstrated that an unregulated, unsupervised structure is not viable and poses serious risks to consumers and the economy, CUNA wrote to the Senate Agriculture Committee ahead of its hearing on the FTX bankruptcy.
RACINE, Wis.–Educators Credit Union said it has paid out a record $5.1 million with its 2022 “Member Loyalty” payout.
PHOENIX––SunWest FCU has selected the Origence arc platform, including arc DX, arc OS, and arc MX.
MIAMI–Miami Firefighters Federal Credit Union has named a new president and CEO. The $159-million CU said it has selected Bryan S. Woodward to lead the organization.
The draft is being savedPreview
LAWRENCEVILLE, Ga.–Peach State FCU is reporting that members of two separate credit unions—both of which are across the state line in South Carolina—have voted in favor of merging into the $831-million PSFCU
WASHINGTON–The nation’s FDIC-insured banks reported aggregate net income of $71.7 billion in third quarter 2022, an increase of $7.3 billion (11.3%) from Q2.