WASHINGTON—Total consumer credit rose 6.7% in November, again exceeding expectations. The non-revolving sector (primarily auto and education loans) posted its largest gains in a year – 7.1% – which partially reflects stronger than expected vehicle sales during the holiday shopping season, noted NAFCU Chief Economist and Vice President of Research Curt Long.
ITTA BENA, Miss.–Federal Reserve Chairman Jerome Powell will deliver remarks here during an event being sponsored by an affiliate of a local credit union.
ST. PETERSBURG, Fla.–PSCU is reporting it stopped more than $210 million in potential fraud for its members in 2018 by blocking fraud at the point-of-sale, in the call center and online, among other channels.
ERBIL, Iraq–Brian Branch, president and CEO of the World Council of Credit Unions, has been traveling in the Kurdistan region as part of discussions over whether credit unions might be established to help refugees and others in the region.
ROCK ISLAND, Ill.–Gas & Electric Credit Union here has paid a $250,000 year-end giveback to its members.
GRAY, Tenn.–Ron Scott, president and CEO of Appalachian Community FCU here, has announced plans to leave the credit union after more than eight years leading the organization.
MADISON, Wis.–The National Credit Union Foundation said it has approved grants totaling $54,000 for three organizations to work with the Center for Financial Services Innovation (CFSI) to develop financial health-related key performance indicators (KPIs) to measure the financial health and business impacts of their products and services.
HAMPSHIRE, U.K.— A new study has found retailers are set to lose some $130 billion in digital card-not-present (CNP) fraud between 2018 and 2023.
LOWELL, Mass.–Jeanne D’Arc Credit Union said it has created a new program to help its employees pay off their student loans. The credit union has partnered with Gradifi on the Student Loan Pay Down Program, through which Jeanne D’Arc said it will make direct monthly payments of $125 to employees’ student loan accounts, paying up to $10,000 on each participant’s loan.
TRENTON, N.J. – New Jersey Lt. Gov. Sheila Oliver has signed legislation that requires school districts to provide financial literacy education to middle school students in grades six through eight.
