WASHINGTON--The American Housing and Economic Mobility Act was reintroduced this week by Sen. Elizabeth Warren (D-MA) without any potential Community Reinvestment Act expansion for credit unions, America’s Credit Unions reported.
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NEW YORK—The global light vehicle (LV) sales rate for December reached 95.5 million units, marking the highest monthly level since August 2023, when China's recovery surged, GlobalData reported.
ALEXANDRIA, Va.—Only credit unions with more than $1 billion in assets are gaining members, according to NCUA’s 2024 Fourth Quarter Credit Union System Performance Data.
OLYMPIA, Wash.— David Tuyo has been named CEO of $4.3-billion TwinStar Credit Union, the CU announced.
LEXINGTON, Ky.—The $1.5-billon University of Kentucky FCU has become a member of the Defense Credit Union Council, DCUC reported.
HOUSTON–NCUA has granted a federal charter and Share Insurance Fund coverage to Heritage Hub Federal Credit Union here.
MIAMI—The U.S. inflation rate hit a 40-year high after the pandemic but has since cooled significantly due to factors like the Federal Reserve rate hikes. The year-over-year inflation rate sits at 3% as of January 2025, which is still above the target rate of 2%.
TALLAHASSEE, Fla.— The League of Credit Unions & Affiliates, representing Alabama, Florida, Georgia, and Virginia credit unions, is making a $450,000 contribution to America's Credit Unions' National Advocacy Fund (NAF).
NASHVILLE—The Independent Community Bankers of America (ICBA) has formally announced its new policy toward targeting the credit union tax exemption.
WASHINGTON--A new bipartisan House bill would expand credit unions’ ability to serve small businesses, America's Credit Unions reported.