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WASHINGTON–The American Bankers Association said it is “disappointed” in a statement by the chairman of the FDIC that higher capital standards for banks are likely ahead.

WASHINGTON — Bank economists expect credit conditions to soften over the remainder of 2023 due to the economic headwinds faced by consumers and businesses, according to the American Bankers Association’s latest Credit Conditions Index.

PENSACOLA, Fla.–PenAir Credit Union has introduced what it is calling a “vibrant, new identity.”

MADISON, Wis.–The Worldwide Foundation for Credit Unions has launched a “Resilience Initiative” in Ukraine, with $500,000 allocated for credit union loans targeting vulnerable populations and sustainable development.

TEMPE, Ariz. –TruWest Credit Union said it is now paying members who use its High Yield Checking Account 4% APY on checking balances of up to $10,000.

PALM COAST, Fla.–In part II of this latest review of credit unions seeking to merge, CUToday.info has found nearly all are below $10 million in assets (just two are between $40-$100 million in assets), and again uncovers CUs unable to find new managers, saying they simply can’t afford new technology (two of the CUs don’t have websites) and, in one case, one offering a pretty unique formula for how it determined net worth should not be returned to members.

MILWAUKIE, Ore.--The North Clackamas Chamber of Commerce has named Embold Credit Union CEO Aaron Goff the 2023 Joseph Krumm Humanitarian of the Year.

VANCOUVER, Wash.–Columbia Credit Union has presented a donation of $10,394.72 to the American Heart Association following fundraising for the organization’s Heart & Stroke Walk.

EUGENE, Ore. — SELCO Community Credit Union has been named one of the top credit unions in Oregon by Forbes as part of its 2023 list of “America’s Best Credit Unions in Each State.”