NEW YORK–Actress and comedian Sarah Silverman has posted a video on Facebook in which she says she pulled all of her money out of a bank and put it in a credit union, and she’s urging others to do so, too.
THE news
WASHINGTON—At the end of 2016 some 1,118 credit unions reported a loss, a new report indicates.
BEIJING, China—The People’s Bank of China (PBOC) is getting closer to becoming one of the first major central banks to issue digital money that can be used for any type of purchase.
WASHINGTON—Keith Stone, president and CEO of The Finest Federal Credit Union in New York, N.Y., testified before Congress that constraints on the credit union chartering process and the overall regulatory burden are hurting credit unions.
BURNSVILLE, Minn.–For the first time in its 90-year history, Firefly Credit Union opened a student-run branch.
CARLISLE, Penn.—Cornerstone FCU and Belco Community CU are confident their merger plans will be approved by NCUA.
WASHINGTON–In the wake of the move by the Federal Open Market to increase the federal funds target rate a quarter-point to a range of 0.75 to 1%, analysts are expecting more increases to come and said the decisions will only work to boost CU ROA.
ALEXANDRIA, Va.–While federally insured credit unions saw continued improvement in nearly every category during the fourth quarter of 2016, the highest median growth rates for loans could be found in Oregon, Alaska, and Washington, while CUs in Connecticut and Pennsylvania lagged, according to state-level data compiled by the NCUA.
NEW YORK—A new report sets taxi medallion values in New York City at about half their peak 2014 value.
CHICAGO–March Madness is here, and so is CUToday.info’s bracket contest.