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RALEIGH, N.C. -- Coastal Credit Union has named two new VPs--in Consumer Lending and Business Applications.

MADISON, Wis.–Credit union lending is likely to continue to slow throughout 2023, to approximately 9%, while the credit union average return on equity (ROE) ratio—considered one of the more important credit union metrics because it determines the long-run sustainable asset growth rate--fell to -7.0% in 2022, from 7.8% in 2021, as rising interest rates reduced the value of available-for-sale investments, according to CUNA Mutual’s latest Trends Report.

WASHINGTON — Newly released minutes from the Federal Reserve’s March meeting show officials are seeking to remain flexible when it comes to future rate decisions. The paradox for the Fed remains that the labor market remains strong, even as inflation continues to be high, although it cooled in March, according to new data from the Bureau of Labor Statistics.

GREENSBORO, N.C.–– Vizo Financial Corporate Credit Union, which serves 1,100 credit unions throughout the U.S. and Canada, said it has received the 2023 Gallup Exceptional Workplace Award (GEWA).

WASHINGTON—A final rule issued by the Small Business Administration (SBA) to amend SBA loan program regulations and to lift the moratorium on licensing new small business lending companies (SBLCs) will increase fraud risks and costs for lenders and small businesses, NAFCU is asserting.

PARIS—The French Parliament has passed new legislation that modifies the regulatory framework applicable to digital asset service providers based in France, or that provide services in France.

AUSTIN, Texas--For the third consecutive year, UFCU has received the 2023 Gallup Exceptional Workplace Award, which recognizes organizations that elevate the employee experience and make a difference for employees every day.