WASHINGTON–A new study by the Federal Reserve Board suggests the growth of nonbanks has improved customer satisfaction with mortgage services.
THE news
NEW YORK—Inflation is already putting a strain on the upcoming holidays, and one report indicates credit unions may have both lending and financial education opportunities as a result.
NORTH LIBERTY, Iowa–GreenState Credit Union said it has eliminated 42 jobs, citing a decline in loan applications in certain areas.
WASHINGTON–The federal government is significantly beefing up its enforcement around digital assets and crypto.
WASHINGTON–Mortgage rates climbed above 6% last week, their highest point since late 2008 and more than double their level at the same time in 2021.
ARLINGTON, Va.—Total retail sales grew in August following a decrease of 0.4% in July.
WASHINGTON–Mortgage loan applications: they were down 23% during the week ending Sept. 2 versus the same week one year earlier, according to the Mortgage Bankers Association.
NEW YORK—Consumer satisfaction with credit cards is rising again, after previously declining for two straight years.
ALEXANDRIA, Va.–CUToday.info’s latest review of disclosure forms filed by nine credit unions seeking to merge has found two CUs, both of which posted losses over the first six months, seeking to combine; several CUs with capital north of 22% again not distributing any of that net worth to members; just one acquiring CU of more than a billion in assets (a rarity), and one small CU that still operates out of a person’s home and which does business by phone only.
BANNOCKBURN, Ill.–Great Lakes Credit Union (GLCU) said it has introduced an 18-month certificate of deposit that will be available for a limited time.