NEW YORK–The “more challenging operating environment” created by rising rates can be seen in a new analysis of the performance of the country’s 20 largest credit unions, with the report forecasting some overall positives for the industry even as it revises its outlook for three of those CUs to Negative from Stable, primarily based on weaker- than-expected earnings profiles largely due to NIM compression and rising credit costs.
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KANSAS CITY, Mo. – The man who became a local legend, Kansas City Chiefs superfan who dressed like a wolf and who was better known “ChiefsAholic,” has pleaded guilty in federal court to charges related to a string of 11 robberies or attempted robberies, of financial institutions in seven states, including multiple credit unions.
DUBUQUE, Iowa–A man has been arrested here after threatening on social media to damage branches of DuTrac Community Credit Union.
WASHINGTON– PAHO/WHO FCU has launched Bienestar Financial Advisors to offer investment advisory and financial planning services to its members.
NAPERVILLE, Ill.–QCash Financial is reporting it has begun offering Payment Guard insurance to its credit union clients following a new partnership with TruStage.
EUGENE, Ore.–The National Association of CUSOs is calling for entries into its 2024 2024 Next Big Idea competition.
MANCHESTER, N.H.–America’s Credit Union Museum and the African American Credit Union Coalition said they will host the premier of the “African American Voices in the Credit Union Movement” event at the museum on July 20.
WASHINGTON–The American Bankers Association and 52 state bankers associations have sent a joint letter to lawmakers in the House and Senate calling for a hearing to be held over “whether the credit union industry’s tax exemption is justified by the community benefit it produces.”
WASHINGTON–Members of the New Democrat Coalition and the Congressional Hispanic Caucus in Congress have sent separate letters to Navy Federal Credit Union CEO Mary McDuffie and to agencies and regulators across the federal government demanding answers to more than a dozen questions related to alleged mortgage lending bias at the credit union.