CHICAGO–Credit unions have a story to tell. Indeed, 100 million-plus stories to tell. But they are seldom collected—until now.
Fresh Today
WASHINGTON–Fannie Mae's Economic & Strategic Research (ESR) Group has lowered its full-year economic growth forecast to 1.7%, down from 1.9% growth in the prior forecast and 2.2% at the start of the year.
WASHINGTON – Eighteen percent of U.S. adults in May named the economy in general as the most important problem facing the U.S., a slightly higher percentage than the 17% who mentioned the economy as the chief problem the prior three months, according to a new Gallup Poll. Mentions of the economy have increased slightly this year compared with last year, the company said.
SCHAUMBURG, Ill.—The total balance of open automotive loans climbed 11.1% in the first quarter of 2016, surpassing the trillion-dollar mark for the first time on record, according to a new report that also shows CUs continue to grab a greater share of the overall market.
EDWARDSVILLE, Ill.–The former business relationship manager at Scott Credit Union has pleaded guilty to a nine-count indictment related to the theft of $12 million.
PLEASANTON, Calif.—Despite a number of new payment options on the market, Americans still choose cash and credit cards above other alternatives, according to a new study from Blackhawk Network.
DETROIT—One Detroit Credit Union said it will expand an “Auto Bailout Program” that refinances existing high-interest auto loans that to date has saved more than $2 million for its members after discovering some were paying as much as 24% for auto loans.
LAYTON, Utah–CUProdigy, a technology CUSO with member credit unions nationwide, said it is expanding its relationship with Colorado-based CU Service Network to include the CUProdigy’s cloud services offering.
DES MOINES, Iowa–Spoiler alert: TMG has released a new white paper, “Yes, Credit Card Rewards Really Are Worth It.”
WASHINGTON—Credit unions that have been urged by numerous social media strategists to provide their members with information in small amounts may want to rethink the approach.