WASHINGTON–Inflation in the U.S. hit its highest point in more than 30 years, according to data released by the Labor Department today. One CU economist said the new numbers could force the Fed to rethink its approach to rates.
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LAS VEGAS–Speaking to the NACUSO Network meeting here, NCUA Board Member Rodney Hood highlighted what he said are the silver linings for credit unions from the pandemic, where the agency stands on cryptocurrencies, and why he doesn’t believe credit unions need any additional oversight when it comes to consumer protection.
LAS VEGAS–The interest in partnering with fintechs and investing in fintechs, especially to drive new sources of lending, was evident from the beginning of the NACUSO Network Conference here, but credit unions were cautioned to proceed carefully by several legal experts.
LAS VEGAS–Variable Ventures and the National Associations of CUSOs have teamed to create the CUSO Challenge, which is looking to champion five “major initiatives.”
LAS VEGAS--The good news for American Heritage Credit Union? It grew by $1 billion in approximately 18 months. The bad news for American Heritage Credit Union: It grew by nearly $1 billion in assets in one month.
LAS VEGAS–It’s time to be brave and “rethink everything” when it comes to what a credit union’s member commitment should look like, according to one person.
JACKSONVILLE, Fla. — VyStar Credit Union has launched a Military Heroes Mortgage Program.
ARLINGTON, Va.—Total consumer credit rose 8.3%, at a seasonally-adjusted, annualized rate, in September and is up 4.9% compared to a year ago. Revolving credit, primarily credit cards, rose 11.8% during the month and is up 2.7% compared to September 2020.
PALM DESERT, Calif.--Bill Cheney, president and CEO of SchoolsFirst FCU, has been awarded the Leo H. Shapiro Lifetime Achievement Award by the California and Nevada Credit Union Leagues. The award, which recognizes excellence in credit union philosophy and a lifetime of contributions to the credit union industry, was presented during the leagues’ REACH Conference.
SAN DIEGO–USE Credit Union has expanded its relationship with PSCU to include debit and credit processing services.