DALLAS—A new report on second quarter economic data suggests that although the forecasts for economic growth and unemployment have improved, questions regarding to what extent consumer spending will contribute to GDP growth remain. “Moreover, concerns remain on whether or not the employment profile of the economy will improve enough so as to instill enough confidence to entice more consumers to open their wallets,” said Brian Turner, executive director with Meridian Alliance.
Fresh Today
SAN RAFAEL, Calif.—U.S. consumer confidence has improved to a point not seen in the last six years, according to the Money Anxiety Index. The consumer confidence metric dipped to 69.2, below the 50-year average of 70.7, signaling improving financial confidence according to Dan Geller, chief research officer of the index.
SAN ANTONIO—Randolph Brooks FCU has made the rewards available on its debit card even more attractive.
BISMARCK, N.D.—The Credit Union Association of the Dakotas (CUAD) is hosting its New Ideas Conference here this week.
TORTOLA, BVI—Venture capitalists continue to place bets on Bitcoin-related businesses, even as many remain skeptical of the business model and regulation is scant.
VIRGINIA BEACH, Va.—Chartway FCU’s “We Promise Foundation” is reporting that for the first time it has surpassed the $1-million mark in contributions.
RALEIGH, N.C. – State Employees’ Credit Union (SECU) is reporting that more than 600 members have taken advantage of an expanded auto loan program that now includes used vehicles in the two months it has been available.
AUSTIN, Texas—How are people using all those apps financial institutions have rolled out for mobile devices?
WINSTON-SALEM, N.C.—Truliant Federal Credit Union is reaching out to members here about appearing in a future advertising campaign.
WASHINGTON – Scores on the third triannual America Saves Personal Savings Index (PSI) rose between January and May of this year, restoring losses between last September and this January, according to the Consumer Federation of America, which administers the Index.