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SIGNAL HILL, Calif.–At the same time industry analysts and consultants are expecting credit unions to see a stronger 2021 due to unrealized loan losses in 2020, many credit unions are reporting they have a similar forecast. But that doesn’t mean some CUs are reducing their provisions just yet, as at least one person is urging caution.

NEW YORK­–The student debt crisis that has engulfed many Millennials is “increasingly moving back in time to snare parents,” according to an analysis of new data.

WASHINGTON—A congressional override of President Trump’s veto of the defense spending bill means language credit unions had fought to have removed will not become law and banks will not have access for facilities on military bases.

ANTIGO, Wis.–CoVantage Credit Union deposited a record $4.2-million in patronage dividends at year-end to members who borrowed or saved with the CU. The payout marks the largest patronage payment in the history of CoVantage Credit Union, which over the last five years has returned $17 million to members through the patronage. In all, the credit union has been paying out the special patronage for the past 40 years.

HANSCOM AFB, Mass.–Hanscom Federal Credit Union senior executives David Sprague, Kris Pender and Jim Potter participated in a virtual career exploration workshop hosted by Crossroads, a youth empowerment organization, and coordinated by HFCU’s social responsibility manager, Laura Galeski.

NEW YORK–What else should credit unions potentially brace for in 2021? According to one Wall Street forecaster, a comeback for inflation and an increase in mortgage rates.

BEAUMONT, Texas – Education First Federal Credit Union has named Bruce Clark Chief Financial Officer.