NCUA’s Recent Capital Markets Symposium Another Sign CU Tax Exemption Needs to End, Says ABA Exec 04/25/2023 07:29 pm WASHINGTON–The CU Capital Markets Symposium recently hosted in New York City by NCUA Board Member Rodney Hood is another sign it’s time to end the credit union tax exemption, according to one executive with the American Bankers Association.
Bank Reports $100 Billion in Deposits by Customers in Less Than a Month 04/25/2023 07:28 pm SAN FRANCISCO–A newly released earnings report reveals approximately $100 billion in deposits was withdrawn by customers of First Republic Bank in March as concerns grew over its financial condition.
Savings Yields Hit Their Highest Point in 15 Years 04/25/2023 07:30 pm NEW YORK—The returns savers stand to get on their money are the highest they’ve been in 15 years, a new report shows. The news will not come as a big surprise to credit unions that have had to move to raise deposit rates in order to attract and retain funds.
NCUA to Host Webinar Today on Upcoming CDRLF Grant Round 04/25/2023 07:27 pm ALEXANDRIA, Va.–NCUA said it will host a webinar today to discuss the upcoming 2023 Community Development Revolving Loan Fund grant round and other topics of interest to small and MDI credit unions.
After 3 Months of Feeling More Positive, Would-Be Homebuyers Now More Cautious 03/09/2023 07:25 pm WASHINGTON—Would-be homebuyers are feeling more cautious.
Bureau Has ‘Failed to Recalibrate Approach,’ Missed Opportunities to Leverage CUs’ Mission, CUNA Tells CFPB 03/09/2023 07:24 pm WASHINGTON—The Consumer Financial Protection Bureau has missed many opportunities to leverage credit unions’ mission and history to the benefit of consumers, CUNA wrote to the House Financial Services Subcommittee on Financial Institutions and Consumer Credit.
Family of 6 Makes Big Changes to Their Finances, Wins Pen Air’s NOW Program Competition 03/09/2023 07:24 pm PENSACOLA, Fla.–A family of six has been named as the winners of Pen Air Credit Union’s NOW program, a financial advising competition that seeks to transform financial futures and which rewards winners with a $5,000 cash prize.
After Long Career That Included Entering CU’s Biz Plan in Radio Contest, James Norris to Retire 03/09/2023 07:24 pm GERMANTOWN, Penn.–After 42 years in credit unions, James H. Norris has announced plans to retire as CEO of SkyPoint FCU.
Collabria Financial Renews Partnership With Co-op Solutions 03/09/2023 07:23 pm CALGARY, Alberta– Collabria Financial, Canada’s largest B2B2C digital credit payments issuer, has renewed its long-time partnership with Co-op Solutions for Full-Service Credit processing, the company is reporting.
