DES MOINES, Iowa–Curql Collective,a CUSO that makes venture capital investments in various companies on behalf of credit unions, and CUNA Mutual Group through its CMFG Ventures arm, were part of a $50 million funding round in Los Angeles-based Zest AI.
ST. PAUL, Minn.–Three credit unions and the Minnesota Credit Union Network have filed suit against Minnesota’s state regulator after it barred credit unions from acquiring banks.
WASHINGTON–Ongoing mortgage rate increases are being blamed for new data showing the number of first-time homebuyers is at an all-time low. The first-time buyers were also the oldest they have ever been.
WASHINGTON–The economy continues to add jobs at a strong clip even though the Fed has been raising rates in an effort to cool things down and tame inflation. But one credit union economist believes the data indicate the Fed rate increases are slowly having the desired effect
LAWRENCEVILLE, Ga.—The used car market continues to return to more normal levels of depreciation, according to the latest data from Black Book, although valuations still remain far above where they were two years ago.
WASHINGTON—NAFCU is calling on Treasury to not “deter technological innovation” as it focuses regulation digital assets.
MADISON, Wis.–Registration has opened for the World Council of Credit Unions’ World Credit Union Conference, scheduled for July 23-26 in Vancouver, British Columbia.
COLUMBIA, Md.–Credit unions in the District of Columbia, Maryland and Virginia have now raised more than $1.6-million toward their $3-million fundraising goal to go towardChildren’s National Medical Center, according to the MD|DC Credit Union Association.
NEW YORK–JPMorgan Chase & Co is reporting it has conducted its first live trade on a public blockchain. It is a demonstration of a technology credit unions are increasingly being told will change everything in finance from the financial transactions to crypto to automobile titles to mortgage deeds.
EAST LANSING, Mich.–Michigan State University FCU (MSUFCU) is reporting it has entered into a new relationship that will seek to member engagement campaigns from its mobile app, beginning with a Game Day campaign launching in conjunction with Michigan State football home games. This will be followed by Game Day campaigns for MSU women’s basketball, men’s basketball and men’s hockey, the credit union said.
