NEW YORK–Student-loan delinquencies surged during 2018, hitting consecutive records of $166.3 billion in the third quarter and $166.4 billion in the fourth, according to a new analysis.
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NEW YORK–JPMorgan Chase has become the first major U.S. bank to introduce its own digital token, or cryptocurrency, called JPM Coin Ledger that can be used for payments and exchange.
WASHINGTON–An economist with CUNA is forecasting a recession for the United States within the next two years.
NEW YORK—Bank mergers are occurring faster under the Trump administration; a new report indicates.
WASHINGTON–Mortgage rates continue to decline. The benchmark 30-year fixed mortgage rate fell to a new 10-month low of 4.54% from 4.57% a week ago, according to Bankrate.com’s latest survey.
WEST CHESTER, Penn. — Benchmark Federal Credit Union has named a new president and CEO. The $216-million Benchmark FCU has selected Daniel J. Machon, to lead the organization.
NEW YORK — Nine companies and organizations charged with servicing the student loans of some 30-million borrowers have repeatedly failed to do their jobs for years and the Department of Education has further failed to hold them responsible, according to a new report.
VIENNA, Va.–Navy FCU has again been named a FORTUNE “100 Best Companies to Work For” in 2019. Navy Federal ranked 29th, which is the highest it has ever been ranked in the nine years the world’s largest credit union has received this award.
BLOOMFIELD, N.J.–After a 43-year run, the season is over for NBC(NY) Employees Federal Credit Union. The $32-mmillion NBCEFCU said its members have voted in favor of merging into XCEL FCU in New Jersey.
ALEXANDRIA, Va.– NCUA is reporting its four funds earned unmodified, or “clean,” audit opinions for 2018, according to audited financial statements released by the agency’s Office of the Inspector General, with NAFCU saying it expects another distribution to credit unions this year.