LAKE FOREST, Ill.—The pace of overdraft price cuts by financial institutions could quicken, according to new data that show the big players are forcing down the price of the service at a record pace.
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KYIV, Ukraine–The CEO of a credit union in Ukraine—who has employees fighting on the front lines of that country’s war with Russia–shared with credit unions around the world an update on events in Ukraine and at his credit union during a webinar hosted by the World Council of Credit Unions on International Credit Union Day.
MADISON, Wis.–The number of credit union members globally this International Credit Union Week is approaching 400 million, served by nearly 88,000 CUs, according to a new analysis that also found “major gaps” in different parts of the world in terms of offerings and priorities, while some regions are seeing strong membership growth and others are seeing declines.
DAKAR, Senegal.—Four credit unions that piloted World Council of Credit Unions’ (WOCCU) Gender Investing Framework Toolkit (GIFT) in Senegal have seen evidence of better performance in loans to female entrepreneurs.
QUITO, Ecuador–As part of an International Credit Union Week look at credit union activities around the world, CUToday.info today turns its focus to Peru and Ecuador, where credit unions are seeking to provide assistance to at least some of the more than five-million people who have fled hyper-inflation and an oppressive political regime in neighboring Venezuela.
KYIV, Ukraine–It’s International Credit Union Week, and while there are more than 85,000 credit unions in the world, CUToday.info is kicking off a week-long series on various CU developments around the globe with a focus on the country that has much of the world’s attention, Ukraine.
IRVINE, Calif.—Forecasting a “garden variety recession” in 2023 that may last a year, one economist is telling credit unions to pay close attention to delinquencies that are now rising and will likely reach levels even higher than before the health crisis.
OKLAHOMA CITY, Okla.—The “No. 1 credit union” in the country credits its success to diligently eliminating service friction—better known as “pain points” for members—over the last few years.
DUNEDIN, Fla.–Another credit union has stepped into the cryptocurrency space, saying it made the move because members are at the very least, “cryptocurious.”
LAWRENCEVILLE, Ga.—While reports of high used car prices continue, new data from Black Book reveal the depreciation rate on used vehicles this year will likely exceed the typical annual depreciation rate.