WASHINGTON–CUNA has sent a letter to Congress in response to a letter from the American Bankers Association on the Expanding Financial Access for Underserved Communities Act.
Fresh Today
MARLBOROUGH, Mass.— The Cooperative Credit Union Association (CCUA) said it has partnered with the Defense Credit Union Council (DCUC) to assist credit unions in Delaware, Massachusetts, New Hampshire and Rhode Island in “recognizing and providing for the unique financial needs of members of the United States Armed Forces and their families.”
DALLAS—Southwest Airlines is taking the bonuses on its cards to new altitudes, but it is not increasing the cards’ fees.
WASHINGTON—NAFCU, along with other industry trade groups, has written to the House of Representatives sharing opposition against the Forced Arbitration Injustice Repeal (FAIR) Act.
NEW YORK—A new survey has found that COVID-19 added pressure to a lot of households’ personal finances.
WASHINGTON– The Federal Reserve Wednesday approved its first interest rate increase in more than three years.
MADISON, Wis.–The Worldwide Foundation for Credit Unions, the charitable and engagement arm of World Council for Credit Unions, said it is disbursing the first $50,000 from its Ukrainian Credit Union Displacement Fund to the Podolsk Regional Development Agency (PARD), a Ukrainian non-governmental organization that is providing humanitarian assistance to hundreds of refugees from Kyiv, Kharkiv, Mariupol, Kherson, Melitopol and other cities who are seeking refuge in the Vinnytsia region of western Ukraine.
ALEXANDRIA–Federally insured credit unions experienced continued growth in assets and loans during 2021, an increase in ROAA, and a decline in the total delinquency rate, according to the NCUA’s fourth-quarter state-level data, which also continue to show growth problems among small FCUs—and issues with overall CU membership growth.
WASHINGTON–When the Federal Reserve’s Open Market Committee (FOMC) adjourns its two-day meeting today, it is expected to do so by increasing rates by a quarter-point.
TIGARD, Ore.–As Russian troops attack the city, the in-laws of one credit union CIO here are trapped in Kyiv, while more than a dozen Oregon credit unions have raised $67,000 to date to help people in the country.