NEW YORK–Federal Reserve Chairman Jay Powell tempered his position on rate hikes during a speech here, leading the Dow to subsequently jump some 450 points.
Fresh Today
WASHINGTON–The U.S. economy slowed in the third quarter as CUToday.info previously reported, but revised data indicate the pace of growth will likely remain strong enough to hit the 3% target set by the Trump Administration for this year.
WASHINGTON–CUNA said it has concerns with several taxes contained in the just-introduced Tax Cuts and Jobs Act now in Congress.
WASHINGTON–Will the federal prohibition on cannabis finally end, allowing credit unions not serving the pot biz to finally do so while removing the constant threat of prosecution for those that already do?
ARLINGTON, Va.—Compliance burden remains a key driver of CU consolidation, according to NAFCU’s 2018 Report on Credit Unions.
ALEXANDRIA, Va.—NCUA is reminding that when it comes to field of membership expansion requests by credit unions a “community application based on the narrative approach must include evidence that clearly supports that the proposed area qualifies as a well-defined local community.”
SALT LAKE CITY– Entertainer Marie Osmond and comedian Bill Engvall have agreed to do a free video touting credit unions’ involvement in the current Credit Unions for Kids Vote for Miracles campaign.
MADISON, Wis.—CUNA Mutual Group has announced the acquisition of Compliance Systems, Inc., a privately held technology company specializing in compliance technology for financial services. CUNA Mutual said the acquisition will expand its lending technology capabilities.
ST. HELENS, Ore.–St. Helens Community Credit Union here is changing its name. Effective Dec.10, the credit union will operate as InRoads Credit Union.
LUTHERVILLE, Md.–First Financial FCU here has selected CU Direct’s Lending 360 comprehensive account and loan origination system (LOS).