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LANCASTER, Penn.–How a chance meeting played a role in why one person was eager to join a start-up credit union, as well as how the CU itself came to be, has been detailed in a new report, which describes the new CU as “embodying the original, long-forgotten vision for community development finance."

JACKSONVILLE, Fla.–Home homeowners are losing wealth as high mortgage rates weigh on home values, at least on paper, as the once red-hot housing market cools quickly, according to a new report.

LONDON–Membership in the United Kingdom’s credit unions continues to rise “amid a growing hunt for affordable credit products as the cost of borrowing rises sharply and the cost-of-living crisis worsens,” according to a new report.

LONDON—As CUToday.info has been regular reporting, concerns over consumers getting into financial trouble from buy now, pay later (BNPL) offerings continue to rise.

NEW YORK—e-Commerce sales in the United States reached $250 billion in the first quarter of the year, representing a 6.6% increase from 2021.

NEW YORK—After American Express dropped its 0% APR balance transfer offer during the pandemic, the pricing offer is making its return.

MONTPELIER, Vt.–The former CEO and four former board chairs at Vermont State Employees Credit Union have published a joint letter calling for members to vote against a proposed merger with New England FCU, suggesting more than a million dollars has been spent to date to suggest the “merger will somehow produce more of everything and everything will be better.”

MADISON, Wis. –The 14^th cohort of “Crash the GAC” will return when CUNA hosts its annual Governmental Affairs Conference early next year, according to the Filene Research Institute, the Cooperative Trust and CUNA. Applications for Crash the GAC are now open and the deadline to apply is Dec. 2, the organization said.

WASHINGTON–Mortgage loan applications: they were down 23% during the week ending Sept. 2 versus the same week one year earlier, according to the Mortgage Bankers Association.