MADISON, Wis.—Minority households comprise 30% of all U.S. households, but account for just 23% of household income and 10% of household wealth. Now new research from the Filene Research Institute has found minority households are significant customers for nonminority-owned financial providers and offers ways financial institutions can help close the gap.
Fresh Today
SYRACUSE, N.Y.–Millions of Americans have bought tickets for a chance to win Empower Federal Credit Union here—or at least an amount equal to the credit union’s asset size.
ARLINGTON, Va.—NAFCU Monday urged leaders of the House and Senate to support NCUA’s proposed updates to its field-of-membership rules, saying the changes will help credit unions better serve their members.
KEARNEY, Neb.–The former Kearney Federal Credit Union has unveiled a new name.
BROOMFIELD, Colo.–Community Financial Credit Union announced that it is distributing $300,000 to reward its most loyal members as part of its Member Bonus program.
PHILADELPHIA–Two CUSOs offering member business lending services have merged.
WASHINGTON–New year-end numbers show just how robust 2015 was for the economy.
WASHINGTON—The Federal Housing Finance Agency Tuesday announced changes to Federal Home Loan Bank membership eligibility requirements, and those changes do not include a proposal that FHLB members, such as credit unions, hold 10% of their total assets in residential mortgage loans on an ongoing basis.
LAWRENCEVILLE, Ga.—The average price of a used vehicle for model years 2010-2014 declined 1.8% during December, 2015, according to Black Book.
HARRISBURG, Penn.—A legislative effort in Pennsylvania to update the state’s definition of money to cover digital currencies was reportedly stalled last year due to an ongoing budget impasse.