WASHINGTON--Credit union loans outstanding increased 0.26% in July, compared to a 0.38% increase in the previous month and a 0.2% decrease in July 2024, according to America’s Credit Unions’ latest Monthly Credit Union Estimates.
Fresh Today
WASHINGTON--Treasury is attaching new conditions and requirements to awards issued through its Community Development Financial Institutions (CDFI) Fund, America's Credit Unions reported.
NEW YORK—Cyberattacks are rising in frequency and cost, putting Fis and fintechs— with their vast data stores and interconnected networks — squarely in hackers’ sights, PYMNTS points out, adding that a key defense for the industry is at risk.
SPOKANE, Wash.—The $5-billion Numerica Credit Union is putting veterans at the center of its newest community investment, committing $1 million over the next decade to support local veterans, active-duty military, and their families.
BAY CITY, Mich.—A Bay County man has been sentenced to more than 12 years in federal prison for robbing Sunrise Family Credit Union at gunpoint last year.
WARWICK, R.I.—Federal Reserve Chair Jerome Powell Tuesday said the central bank cut interest rates last week because weakening job conditions now pose a greater risk to the economy than inflation.
ASHEVILLE, N.C. — Federal Reserve Vice Chair for Supervision Michelle W. Bowman told bankers Monday that the central bank’s priority is shifting toward supporting a fragile labor market while maintaining vigilance on inflation — a stance she said should help financial institutions navigate slowing growth and evolving credit risks.
BANFF, Alberta, Canada – The 2025 ALM First Financial Forum kicked off this week at the Fairmont Banff Springs here.
DALLAS—BankSocial announced the launch of its integrated digital wallet and AI agent infrastructure, while also stating it has become the first Web3 platform live on the Federal Reserve’s new payment rails.
WASHINGTON— Could a new study pave the way for lifting the credit union member business lending cap?