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ALEXANDRIA, Va.—Stating the agency has attempted to avoid charging credit unions a premium during the pandemic in order to replenish Share Insurance Fund’s sliding equity ratio, NCUA Chairman Todd Harper suggested credit unions should nonetheless prepare for a premium to be assessed.

CHICAGO – Consumer credit activity picked up in the final quarter of 2020 as balances increased across most credit products and originations activity rose from the lows observed during the early stages of the COVID-19 pandemic, according to TransUnion’s new Q4 2020 Industry Insights Report.

ALEXANDRIA, Va.–The NCUA board has voted 3-0 to approve a change involving joint ownership share accounts.

RALEIGH, N.C.–Michael J. Lord, CEO of State Employees Credit Union, the second-largest CU in the world, has announced he will retire effective Aug. 31 with plans to remain in his current role through the transition period to his successor.

ST. PETERSBURG, Fla.–A majority of credit union members and employees are struggling financially, according to a study released by PSCU that compared the financial health of credit union members and employees against a national benchmark.

SAN FRANCISCO–The City by the Bay is the latest to explore the idea of creating a public bank in favor of placing municipal funds in traditional financial institutions—although credit unions would retain their position under any future bank.

ARLINGTON, Va.—Total retail sales surged 5.3% in January after declining 1% in December and 1.3% in November. Of note, the December number was revised down 0.3% percentage points.

CAPITOLA, Calif.--Bay Federal Credit Union recently honored its top performing employees and announced the winner of its Service Excellence Award for 2020.