NEW YORK— Not surprisingly, new research confirms that Americans who are already facing tight finances are more intensive users of buy now, pay later offerings, with the majority of them tapping the short-term installment payment programs five or more times a year.
Fresh Today
NORTH LIBERTY, Iowa–GreenState Credit Union said the $73 million loss it posted in Q4 2023 was the result of loan defaults and the fast increase in interest rates.
WILLIAMSPORT, Penn.–New Jersey-based First Harvest Credit Union said it plans to sell its branch here to Enola, Penn.-based Members 1st FCU.
PEMBROKE PINES, Fla.–Power Financial Credit Union said it is partnering with former Miami Dolphin and Hall of Famer Jason Taylor on a “mission to champion financial empowerment throughout South Florida.”
GREENBELT, Md.–With jury deliberations lasting less than 90 minutes, a former credit union employee has been convicted of conspiracy to commit bank fraud and aggravated identity theft.
GASDEN, Ala.–Alabama Teachers Credit Union has announced a new name and branding. Effective in October, the $531-million ATCU will begin operating as Emblem Credit Union.
ALEXANDRIA, Va.—With “junk fees” high on the agendas of regulators in Washington and in some states, America’s Credit Unions said it met with NCUA Chairman Todd Harper to address the issue, in addition to field of membership expansion and other matters.
WASHINGTON—In a letter from America’s Credit Unions, members of Congress were asked to “push back” against the “Big Box Bailout bill”—a reference to the Credit Card Competition Act--and to explain why interchange works for consumers, financial institutions, and small businesses.
HARRISBURG, Penn.–Three members of the CrossState Board of Directors have been reelected.
HELENA, Mont.–Montana’s Credit Unions (MCU) said it has entered into a partnership with the Personify Leadership program to present a credit union-specific model for training leaders – and up-and-coming leaders.