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ST. PETERSBURG, Fla.–Even though high inflation is affecting everything from energy prices to groceries, consumer purchasing activity during September showed continued resilience in both credit card and debit card volume, according to the October 2022 edition of the PSCU Payments Index.

SPOKANE, Wash.— Two families will soon purchase their new homes in East Central Spokane in partnership with Habitat for Humanity and volunteer support from 19 local credit unions here.

WASHINGTON–The Federal Trade Commission is investigating whether Visa’s and Mastercard’s security tokens restrict debit-card routing competition on online payments, according to a new report.

DAKAR, Senegal.—Four credit unions that piloted World Council of Credit Unions’ (WOCCU) Gender Investing Framework Toolkit (GIFT) in Senegal have seen evidence of better performance in loans to female entrepreneurs.  

BOSSIER CITY, La.–Barksdale FCU said it has completed its purchase and assumption of Greenbrier, Ark.-based HomeBank of Arkansas.

NEW YORK–The combination of ongoing inflation and the Federal Reserve’s pledge to keep raising rates until it is able to bring inflation under control will drive the American economy into a 1990-style mild recession starting in the Spring of early 2023, according to Fitch Ratings.

ALEXANDRIA, Va.—The NCUA board will be hosting its 2023 budget briefing today.

BIRMINGHAM, Ala. – Avadian Credit Union has expandedits Business Services Lending Team. The team will be led by Larry J. Uptain, who was promoted to Commercial Lending Manager, and include Blake Watkins, Clint Phillips and Quintin Milton.

ALEXANDRIA, Va.–With its new Information Security Examination (ISE) procedures scheduled to go live for all credit unions before year-end, the NCUA board got an update on cybersecurity risks to both the agency and credit unions during its meeting here.