WASHINGTON–Many analysts have been forecasting a 75-basis-point increase in the Fed Funds rate when the Federal Open Markets Committee meets July 26-27, but now the markets are predicting it could be a full percentage point increase.
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LACEY, Wash.–Two billion-dollar-plus credit unions in the Pacific Northwest have announced plans to merge.
WASHINGTON— Economic activity in the U.S. expanded at a modest pace from mid-May through mid-July, but there are growing signs of a slowdown, according to the latest data released by the Federal Reserve as part of its Beige Book.
SANTA ANA, Calif.–Lucy Ito, the recently retired president of the National Association of State Credit Union Supervisors (NASCUS), has been named as the interim CEO of Orange County’s Credit Union.
WASHINGTON— Military credit unions are the best line of defense against predatory lenders located outside military bases, the Defense Credit Union Council (DCUC) and CUNA told the House Subcommittee on National Security.
SAN ANTONIO—SWBC has acquired AnyHour Solutions, a provider of comprehensive call/contact center-outsourcing services for financial institutions.
This acquisition allows the company to continue to expand its contact center services in the credit union, banking, and mortgage markets, according to SWBC.
SAN ANTONIO–Credit unions serving members of the military were given an update on a broad range of issues during the Defense Credit Union Council’s Military Advocacy Committee (MAC) meeting.
GERMANTOWN, Md.–SkyPoint FCU is reporting it has closed on a $7 million investment as part of the U.S. Treasury’s new Emergency Capital Investment Program (ECIP).
SANTA FE, N.M.–Guadalupe Credit Union is expanding its partnership with Co-op Solutions by adding Co-op In-House Credit processing with a goal of streamlining operations and offering better member service.
MADISON, Wis.–The Filene Research Institute said it will host a new hybrid research event called “Network: Building Your Future Through Infrastructures & Ecosystems.”