ARLINGTON, Va.—Existing-home sales rebounded 20.7% in June to a seasonally-adjusted annual rate of 4.72 million units, representing the highest month-over-month gain on record. However, sales are remain down 11.3% versus a year ago.
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WASHINGTON—NAFCU Executive Vice President of Government Affairs and General Counsel Carrie Hunt sent a letter to the Senate Banking Committee asking for relief for CUs from the member business lending (MBL) cap.
WASHINGTON—Credit unions, members and member small businesses need resources to get them through the pandemic and recovery period, CUNA said in a letter to House and Senate leadership.
NAPERVILLE, Ill.–Citing the ongoing COVID-19 pandemic, Alloya Corporate FCU said it will host its 2020 Credit Union Executive Leadership Symposium virtually from Sept. 10-11.
MADISON, Wis.–The World Council of Credit Unions has elected a new chairman. The WOCCU board has elected Rafał Matusiak, president of the National Association of Co-operative Savings and Credit Unions (NACSCU) in Poland to lead the board following its 2020 Annual General Meeting.
WASHINGTON—The House has passed its version of the fiscal year 2021 National Defense Authorization Act (NDAA) without a provision credit unions argue would harm them when it comes to nominal leases on military bases.
NEW YORK–A credit card issuer that is partnered with some of the nation’s biggest retail brands is expressing concern issuers are currently seeing the “calm before the storm.”
WASHINGTON—In a letter to NCUA, CUNA said it generally supports the agency’s corporate credit union proposal but has concerns with several proposed changes.
CEDAR RAPIDS, Iowa—The FDIC is reporting an application for Savanna, Ill.-based First Savanna Savings Bank to merge into Collins Community Credit Union here was withdrawn on June 18.
MIDDLETOWN, Penn.–A virtual hot dog eating contest is being held today and is open to everyone. Hosted by Vizo Financial Corporate Credit Union, which has held the contest as an in-person event for the past six years, today’s virtual competition will raise funds for Children’s Miracle Network Hospital in Hershey, Penn. and is scheduled for 3:30 p.m. ET.