INDIANAPOLIS--Indiana Members Credit Union has signed a lease to take most of the remaining office space in the second phase of the Bottleworks District development in downtown Indianapolis.
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NEW ORLEANS–In partnership with the NFL’s New Orleans Saints, Keesler FCU said it has launched the Kicks for Kids program, benefitting Covenant House New Orleans. For every Saints field goal made during the regular season, Keesler Federal Credit Union will donate $1,000 to Covenant House.
WASHINGTON – A year after explosive allegations about a toxic work environment, the Federal Deposit Insurance Corp. has selected Boston Consulting Group (BCG) Federal Corporation to advise and assist the agency in implementing its Action Plan for a Safe, Fair, and Inclusive Work Environment, which includes recommendations from a separate independent third-party review and the FDIC Office of the Inspector General.
NEW YORK—Adoption rates of open banking payments globally are increasing, with more than 58% of fintechs now offering the type of payment for financial services products, according to a new report.
NEW YORK—Chase has issued a “First Banking” debit card that is aimed at kids and teams that the nation’s largest banks said is designed to soothe parents’ fears when it comes to giving children easy access to money.
WASHINGTON–Newly released jobs numbers make it increasingly likely the Federal Reserve will cut rates by as much as half a point when it meets later this month.
ALEXANDRIA, Va.— Even with assets growing, net income ($15.7 billion) at federally insured credit unions was down $1.8 billion, or 10.1%, in the first half of 2024, compared with the first half of 2023, NCUA’s Quarterly Credit Union Data Summary shows.
WASHINGTON— The nation’s 4,539 commercial banks and savings institutions insured by FDIC reported aggregate net income of $71.5 billion in second quarter 2024, an increase of $7.3 billion (11.4%) from the prior quarter, according to new data from the agency.
CHICAGO–Balances continue to rise across all credit products, led by share growth among consumers in the super prime and subprime risk tiers, according to the newly released Q3 2024 Credit Union Market Perspectives Report from TransUnion.
WASHINGTON—Responding to what it called “misinformation” about credit unions shared by the Tax Foundation during a segment on CNBC this week, America’s Credit Unions has sent a letter to the foundation.