WASHINGTON–Sixty-six candidates who received backing from credit unions in this week’s primaries in six states have won their races, according to the Credit Union Legislative Action Committee (CULAC), which is CUNA’s PAC.
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SPRINGFIELD, Ill. –The Illinois Department of Financial and Professional Regulation’s (IDFPR) Division of Financial Institutions has earned Reaccreditation from the National Association of State Credit Union Supervisors following a series of in-depth reviews and assessments by a panel of veteran state supervisors.
WASHINGTON--The Federal Reserve has announced plans to release a second tool to help community financial institutions implement the Current Expected Credit Losses, or CECL, accounting standard.
MIDDLETOWN, N.Y.–Heritage Financial Credit Union said it has now gone live on the AI-powered credit decision platform from Scienaptic AI.
MADISON, Wis.–Home affordability will worsen over the next few years, interest rate increases will restrain overall CU loan growth, and there are questions over how “sticky” many of the deposits in credit unions are, according to the new CUNA Mutual Trends Report, which also found CU membership growth slowed during the first quarter of 2022.
ALEXANDRIA, Va. –Total loans outstanding in federally insured credit unions increased $136 billion, or 11.7%, over the year ending in the first quarter of 2022, to $1.30 trillion. During the same period, total assets rose by $169 billion, or 8.7%, to $2.12 trillion, according to the latest financial performance data released by NCUA.
CHICAGO–Many young consumers are starting to wilt under the weight of car loans, according to a new analysis from TransUnion.
BOSTON–A new report suggests showing the “small business rent crisis has reached new heights, as other inflationary trends continue to impair the small business economy.”
CUPERTINO, Calif.–Apple’s Worldwide Developers Conference is famed for its previews of new hardware, software devices and, now, a buy now, pay later (BNPL) solution.
INDIANLAND, S.C.–Bill Partin, president and CEO of Sharonview FCU, has announced plans to retire.