WASHINGTON—The Federal Reserve's latest Beige Book data reveal that almost all districts saw a rebound in economic activity – but remained well below pre-coronavirus pandemic levels – as more non-essential businesses were allowed to reopen.
Fresh Today
HENDERSON, Nevada–Four unique perspectives on systemic racism and what really needs to occur within and outside of credit unions if real change is to occur were shared as part of an online discussion.
HENDERSON, Nev.–Emotional intelligence is a key component of diversity, equity and inclusion, and when it’s lacking, DEI often fails. But one person offered some suggestions on how to effectively use emotional intelligence to make a difference.
MADISON, Wis.–When historians look back on 2020, one person believes the first thing they will see are the “shocking disruptions to evolutionary patterns” in the markets and the broader society at large.
HENDERSON, Nev.–It isn’t just credit union leaders in the U.S. wrestling with operational, member, bottom line and other issues for which few had prepared prior to the coronavirus pandemic.
LOUISVILLE, Ky.– Jefferson County FCU has announced a name change. The $130-million credit union is now called Advanz Credit Union.
PHILADELPHIA– Seventeen credit unions have joined to raise more than $220,000 to collectively purchase and donate 30,000 Personal Protective Equipment medical gowns to healthcare facilities throughout Pennsylvania, New Jersey and Delaware.
MADISON, Wis.– The National Credit Union Foundation said it has joined with PSCU to launch a new CUAid Disaster Recovery app to “streamline and connect credit union organizations with one another when disasters strike to quickly coordinate resources.”
WASHINGTON—The House Appropriations Committee has advanced the fiscal year 2021 financial services and general government (FSGG) bill to the full House without any amendments.
SAN FRANCISCO–During the first quarter of 2020, net interest margin (NIM) dropped 29 bps for banks and 21 basis points at credit unions, according to data from their respective regulators and reviewed by Analyticom, a behavioral economics research firm.