ARLINGTON, Va.—Total retail sales decreased 0.3% in January – the biggest decline in nearly a year. NAFCU Research Assistant Yun Cohen said retail sales were down due to slowing vehicle sales.
Fresh Today
HAUPPAUGE, N.Y.–GrooveCar will host its next webinar in its ongoing series on Feb. 22 at which it will address video marketing and engagement strategies.
MADISON, Wis.–The World Council of Credit Unions is seeking nominations from its member organizations for the World Council Young Credit Union Professionals (WYCUP) scholarship program, an international networking and educational opportunity for emerging credit union leaders.
WINSTON-SALEM, N.C.–Allegacy FCU here has entered into a partnership with Wake Forest Baptist Medical Center that it said is focused on improving both the physical and financial wellbeing of its community.
MIAMI BEACH, Fla.—“When Should Credit Unions Say ‘I Do’ To Vendors?”
WASHINGTON—Seven states have agreed to a multi-state compact that standardizes key elements of the licensing process for money services businesses (MSB), which includes fintechs.
ALEXANDRIA, Va.—NCUA’s decision today to return $735.7 million to CUs from the National Credit Union Share Insurance Fund in the third quarter of 2018 is not enough, according to NAFCU, while CUNA said it is still evaluating the distribution.
ALEXANDRIA, Va.-The National Credit Union Share Insurance Fund shows a significant increase in reserves to reflect “probable and estimable” losses by specific credit unions, which is widely believed to refer to losses by CUs that made loans for taxi medallions that have plummeted in value.
WASHINGTON–The House has passed two pieces of legislation that have the backing of credit unions.
ALEXANDRIA, Va.—Credit unions will learn more about future equity distributions from the National Credit Union Share Insurance Fund (NCUSIF) today when the NCUA board votes on a final methodology for distributing the refunds to CUs.