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SCOTTSDALE, Ariz.—Are credit unions hurting themselves by not conducting sufficient benchmarking? They may very well be, says Cornerstone Advisors, which believes the hesitancy can result from the misplaced fear the exercise is simply an effort to trim jobs instead of the driver of growth it can  be.

BALTIMORE–Securityplus FCU said it paid all of its employees a $500 “Financial Health Deposit” in their last pay of 2023.

MADISON, Wis.—A bill filed in the Wisconsin House seeks to “limit the impact” of any central bank digital currency (CBDC), creating “potentially significant roadblocks to its use in the state,” according to  a new report.

WACO, Texas–– Gary Parker, who spent his entire half-century career in the credit union industry, has retired as president and CEO of 1st University Credit Union. The credit union told CUToday.info a successor has been named and will be announced in a few days.

WASHINGTON–Minutes from the Federal Reserve’s final meeting of 2023 indicate the central bank was looking to send a signal that interest rates have likely peaked, although they could be raised again in the future should inflation rise again.

CHERNIVTSI, Ukraine—The Worldwide Foundation for Credit Unions’ (WFCU) $500,000 Resilience Initiative is reporting it allowed Ukrainian credit unions that partner with the USAID/World Council of Credit Unions’ Credit for Agriculture Producers (CAP) Project to disburse loans to 100 business owners seeking to restore or grow their operations amid Russia’s ongoing invasion.

NEW YORK–A new analysis of the Federal Reserve’s plans to “tame the housing frenzy with higher interest rates has a major blind spot. More than 40% of all U.S. mortgages—most of which are fixed-rate—were obtained in 2020 or 2021 when rates were “rock bottom.”