CHICAGO–Credit unions across the country have now surpassed the $175-million threshold in the form of bonus dividends and interest rebates based on their 2018 performance.
THE news
TULSA, Okla.–TTCU FCU announced it paid out nearly $3 million to its members in the form of member rewards dividends during 2018. The credit union said the payout of $2,984,000 was a 6% increase over 2017.
CHICAGO–A slick website has been created that seeks to challenge the value of credit unions and the “risk” from credit unions to the American taxpayer, and which suggests money saved from the tax exemption is not going where Congress is intended.
TAMPA, Fla.–University of South Florida Federal Credit Union said it is establishing new scholarships and expanding existing ones for a total of $205,000 that will support USF students studying many disciplines.
WASHINGTON—On top of all the worries facing federal workers who had been going without paychecks during the just-ended partial government shutdown, many were facing mounting credit card bills on government-issued plastic for which they could not receive reimbursement.
SPRINGFIELD, Mo.–While the partial federal government shutdown has ended, at least for now, concerns are being expressed that many of the federal workers who missed paychecks may have turned to payday lenders and other small-dollar loans that come with high rates and unfavorable terms.
ARLINGTON, Va.—A new report shows which regulations credit unions are most concerned with in 2019, while also finding the optimism of CU executives is on the rise.
LAKE MARY, Fla.—The $1.8-billion Central Florida Educators FCU here announced it intends to merge in $174-million Fidelity Bank of Florida, based in Merritt Island, Fla.
SCOTTSDALE, Ariz.–The CEOs of mid-size banks and credit unions are decreasingly optimistic about the year ahead, according to a new report.
WASHINGTON–Sen. Elizabeth Warren (D-MA) is demanding that Wells Fargo & Co. be kicked off college campuses across the country.