MADISON, Wis.–Credit unions should expect an ongoing decline in mortgage originations as rates rise, but also should expect to continue to benefit from increasing economies of scale, as CUs have become “significantly more productive over the past 21 years,” according to a new forecast from CUNA Mutual Group.
ALEXANDRIA, Va. – The NCUA board has unanimously approved, by notation vote, an extension of the effective date of its temporary final rule, which modified certain regulatory requirements to help ensure that federally insured credit unions remain operational and can address economic conditions caused by the COVID–19 pandemic.
WASHINGTON—The outlook for full-year 2021 economic growth has been revised upward to 5.5%, an improvement of 0.7% points compared to last month’s projection, due primarily to stronger-than-anticipated consumer spending and inventory investment data, according to the December 2021 commentary from the Fannie Mae Economic and Strategic Research (ESR) Group.
WASHINGTON—An inquiry by the Consumer Financial Protection Bureau’s into tech companies’ payments practices is getting support from CUNA, which said it strongly encourages the Bureau to carefully examine and regulate these entities moving forward.
WASHINGTON—The House Armed Services Committee has directed the Department of Defense to conduct a study on financial institutions on military bases.
BEAVERTON, Ore.–An embrace of the concept of remote work combined with being an early adopter of digital solutions for members has led Rivermark Community Credit Union to sell one of its two administrative buildings.
SAN JOSE, Calif.—Purchases through buy now, pay later platforms such as Klarna and Affirm were up more than 20% in 2021 from 2020 on Cyber Monday, according to a new report from Adobe Analytics.
PLYMOUTH, Mich.–After some 40 years with Community Financial Credit Union, CEO William “Bill” Lawton has announced plans to retire in July of 2022.
LANSING, Mich.–After what began with a local sheriff livestreaming his interaction with a CU employee he introduced as the “happiest teller in the United States,” Dort Financial Credit Union has been named the winner of the CU Link Banking Built for People "Stories" competition as well as the official Banking Built for People Credit Union Community Champion of the Year.
CARMEL, Ind.—This holiday season Allied Solutions is donating $150,000 to pediatric hospitals and community-based organizations that deliver hunger-relief programs to individuals and families in need.
