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HAUPPAUGUE, N.Y.—When a members’ legitimate debit card transaction is wrongly identified as fraud and declined, that puts the credit union at risk for losing not only that transaction but many more from the cardholder, asserts one credit union says it has found an answer to the problem.

WASHINGTON–Minutes released from the January meeting of the Federal Reserve’s Open Market Committee reveal the Fed has a “considerably stronger outlook” for economic activity in 2021 than it did when it previously met in December of 2020. But while it sees a likelihood of higher inflation, it does not anticipate raising rates in the near future.

ALEXANDRIA, Va.–NCUA said its four funds have again earned unmodified, or “clean,” audit opinions for 2020, but the agency’s Office of Inspector General (OIG) also said there are challenges for credit unions that could affect future audit performance.

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.

WASHINGTON—In a letter to the Small Business Administration related to the Paycheck Protection Program and its original and Second Draw programs, CUNA said there remains room for improvement.

ALEXANDRIA, Va.—During NCUA’s open board meeting today, credit unions should learn if they will be assessed a premium related to the National Credit Union Share Insurance Fund (NCUSIF) and, if so, a when.