With Some Citing ‘Unprecedented’ Pressures, Others Citing Retiring Managers, 10 More Mergers are Announced 01/30/2022 11:15 am REVERE, Mass.–Ten more credit unions have announced plans to have their members vote on a merger during the first quarter of 2022.
State Regulators Tell NCUA Portions of its Draft Strategic Plan Deserve Additional Comment 01/30/2022 11:14 am ARLINGTON, Va.–The National Association of State Credit Union Supervisors (NASCUS) has submitted a comment letter to NCUA regarding the agency’s 2022-2026 Draft Strategic Plan, saying several issues noted in the plan’s risk analysis warrant additional comment.
In Nevada, Clark County CU Paying Out $2.4 Million as Bonus Dividend 01/30/2022 11:11 am LAS VEGAS–Clark County CU said it is paying a $2.4-million bonus dividend to members, the eighth year it has made such a payout.
Absent Any ‘Swan Events,’ No Likelihood of Recession in Next 5 Years, Forecasts CUNA Mutual 01/30/2022 11:15 am MADISON, Wis.–Absent any “swan events,” such as wars, new pandemics or meteor strikes, CUNA Mutual’s chief economist is saying credit unions should not expect to see any recession in the next five years.
U.S. Economy Shows Robust Growth in Q4 as Inventories are Rebuilt 01/30/2022 11:14 am WASHINGTON— The U.S. economy rebounded in the fourth quarter and grew by 6.9%, according to the first estimate of economic activity for year-end 2021 from the Commerce Department.
Nonfriend Request: Amount of Fraud Initiated Via Social Media Skyrockets 01/30/2022 11:13 am WASHINGTON—Consumers in 2021 reported losing about $770 million to fraud initiated on social media—about one fourth of all reported fraud losses for the year and an 18-fold increase from 2017, according to the Federal Trade Commission’s latest Consumer Protection Data Spotlight.
Community Garden Supported by Center Parc Distributes Veggies 02/01/2022 01:34 pm GARDEN CITY, Ga.– The Garden City Homestead Association’s community garden—one of nine such gardens supported by Center Parc CU-- shared its first harvest of the new year with the community. The public was invited to receive free vegetables in a distribution held at the garden.
Texas Trust CU Opens New Branch 02/01/2022 12:04 pm ARLINGTON, Texas–Texas Trust Credit Union has officially opened its new branch at the corner of West Twohig Avenue and Highway 277. The new location was completely remodeled to provide 3,094 square feet of space.
Ocala Community Adopts Whiskers the Manatee 02/01/2022 03:04 pm OCALA, Fla.–Ocala Community Credit Union has adopted Whiskers, a manatee, as part of its sponsorship of SaveTheManatees.org.
