WASHINGTON–A new study of credit card debt has found consumers paid off a record $60 billion of the $1 trillion they owe to credit card issuers during the first quarter, but during 2020 the same study is also projecting consumers will rack up an additional $140 billion this year.
SAN FRANCISCO—The Money Anxiety Index increased to 84.7 in May – an increase of 43.7 points since the beginning of the coronavirus crisis in February of this year.
VALDOSTA, Ga. – NCUA has placed Southern Pine Credit Union here into conservatorship.
LA CROSSE, Wis.–Marine Credit Union said it has made investments in expanded digital services and as a result plans to close 18 of its branches effective July 8.
WASHINGTON—CUNA has sent a number of letters to Capitol Hill regarding mortgage forbearances, the CARES Act & the PPP, housing assistance proposals, and FHA-insured loans.
WASHINGTON—Treasury Secretary Steven Mnuchin told the Senate he would support targeted additional aid to businesses of all sizes that have been hit hardest by the coronavirus pandemic. Mnuchin’s comments came during a hearing by the Senate Small Business Committee on Wednesday.
MADISON, Wis.—The World Council of Credit Unions hosted a webinar examining racial issues and credit unions, while also announcing a new alliance to help fight discrimination worldwide.
MADISON, Wis.–The Credit Union Executives Society said it is committing to fighting racial injustice.
OKLAHOMA CITY, Okla.–Tinker Federal Credit Union has placed an employee on administrative leave after one of its employees posted “offensive comments” on her personal Facebook page. The comments made were related to the death of George Floyd at the hands of Minneapolis Police, which has set off protests across the U.S. and the world and launched new discussions around racism.
WASHINGTON–In the wake of new attention to the problem of racism in the United States, the National Credit Union Foundation has put forth a suggested rebranding of the Cooperative Principles.
