WASHINGTON–Macy’s is warning that it has seen a spike among its cardholders who are late in making payments. The company, which had earlier said it expected an uptick in delinquencies in the wake of the pandemic, now says it has been surprised at just how large that uptick has been.
NEW YORK—Bethpage FCU has named a new president and CEO to succeed the retiring Wayne Grosse.
GREENSBORO, N.C.–Saying it is acting in support of thesixth cooperative principle of concern for community, Vizo Financial said it will be $1 million to provide financial empowerment grants for credit unions.
MADISON, Wis.–The Filene Research Institute has pulled back the curtain on one of its latest Centers of Excellence, in this case the Leadership, Strategy and Governance Center.
EL PASO, Texas–Raiz FCU has signed on as the title sponsor of the Chalk the Block festival through 2025.
BUFFALO, N.Y.- Ronald Morris, 48, who was convicted of aggravated bank robbery, attempted bank robbery, and using, possessing, and brandishing a firearm in furtherance of a crime of violence in robberies at three credit unions, has been sentenced.
ALEXANDRIA, Va. – NCUA is reminding stakeholders the deadline is Sept. 5 to submit comments on the agency’s request for comment on its operating fee schedule methodology.
ROCKVILLE CENTRE, N.Y.–Ocean Financial FCU said it has partnered with the Hispanic Brotherhood to support the advancement of the Latino community through education, health, immigration, civic engagement, housing and economic assistance.
OLYMPIA, Wash.–QCash Financial, a platform that hosts an automated, small-dollar “life event loan program” featuring approval in “under 60 seconds,” is reporting that by the end of August it will enable a partner credit union to fund the millionth loan on the platform.
SAN FRANCISCO—The ongoing shift toward greater use of plastic cards over cash can be seen in Visa’s latest profit numbers, which show income is up by nearly double digits.
