CHICAGO–A new report just reinforces what the recent government shutdown made clear—most American households have little in savings and are unprepared for any financial challenges.
Fresh Today
ITTA BENA, Miss.–In remarks at an event sponsored by an affiliate of a local credit union, Federal Reserve Chairman Jerome Powell said the U.S. economy looks strong, but it is also seeking ways to fight poverty in those “pockets” where it exists, such as the rural communities in Mississippi.
WASHINGTON—CUNA and NAFCU have each submitted letters in response to the Consumer Financial Protection Bureau’s proposal to amend its No-Action Letter (NAL) Policy and create a “Product Sandbox” to facilitate innovation, urging the Bureau avoid creating an uneven playing field.
MADISON, Wis.–The National Credit Union Foundation is reminding those interested in registering for 2019 Credit Union Development Education (DE) Training will need to do so soon.
ONALASKA, Wis.– Altra Federal Credit Union has named a new president/CEO. The $1.5-billion Altra has selected Steve Koenen to lead the organization.
LEE’s SUMMIT, Mo.–Missouri Central Credit Union has paid out a $100,000 year-end bonus dividend to members.
LAWRENCEVILLE, Ga.—The latest report from Black Book supports predictions that used vehicle values will slide more quickly in 2019.
ST. PETERSBURG, Fla.–PSCU is reporting 23 more credit unions throughout the U.S. contracted with the CUSO for Total Member Care (TMC) contact center support services in 2018.
KINGSPORT, Tenn.–Eastman Credit Union is reporting approximately 1,000 members have been affected by card fraud, including potential compromise of PINs. The credit union told local Channel 11 it has not yet identified any skimmers located on its ATMs.
WASHINGTON—Five federal regulatory agencies, including NCUA, have issued a joint final rule to implement provisions of the Biggert-Waters Flood Insurance Reform Act of 2012 requiring regulated institutions to accept certain private flood insurance policies in addition to National Flood Insurance Program policies.