NEW YORK—Last week’s disappointing employment numbers were labeled a “big jobs miss” by two economists in credit unions, who offered their thoughts on how the report might change things.
Fresh Today
NEW YORK–While it may seem difficult to believe given the deposit inflows of the past year, not every government stimulus dollar went into savings and checking accounts.
LOS ANGELES–Members are more likely to be borrowing for home improvement projects now if the price of lumber is any indication.
WASHINGTON–Fraud or improper payments accounted for more than $90 billion of the government’s emergency pandemic aid for the unemployed and small businesses, according to a report from a federal watchdog.
WASHINGTON—Saying it is responding to the “forceful opposition” by bank lobbyists to legislation that would allow credit unions to add underserved areas to their fields of membership, NAFCU has sent a letter to the House Financial Services Committee over what it has termed “misleading” attacks.
WASHINGTON–The National Credit Union Foundation said it is committing a minimum of $100,000 from its CUAid program to support Louisiana-based credit union employees and volunteers affected by Hurricane Ida.
WASHINGTON—The Federal Housing Finance Agency (FHFA) announced that Fannie Mae and Freddie Mac can each invest up to $850 million annually in the Low-Income Housing Tax Credit (LIHTC) market as equity investors.
LUFKIN, Texas–In Texas, two long-time CU leaders have announced retirements.
SAN DIEGO– USE Credit Union (USECU) President and CEO Jim Harris has announced his retirement following a 15-year career leading the CU.
WASHINGTON—The Treasury Department has told financial institutions they may process personal remittances to Afghanistan.