Advanced search

WASHINGTON—The consumers are expecting mortgage rates to decline over the next 12 months can be seen in the latest Fannie Mae Home Purchase Sentiment Index (HPSI), which increased 2.9 points in December to 67.2.

SAN ANTONIO, Texas — Ecority, a nonprofit that has built a national coalition of credit unions and state-chartered green banks, said it is projecting that credit unions in the United States could finance 5.3 million projects for a total of $107 billion in just six years by “leveraging the industry’s existing branch network and digital channels along with potential grant funding.”

WASHINGTON—The Federal Trade Commission (FTC) should avoid subjecting “not-for-profit, well-regulated, state-chartered” credit unions to its proposal against unfair or deceptive practices related to fees for goods or services, America’s Credit Unions said in a letter to the agency.

SEATTLE— Strum Platform is reporting it has signed three more credit unions.

NEW YORK—Consumers spent a whopping $222.1 billion online during the holiday season as usage of flexible spending options—notably BNPL—hit an all-time high, according to new data.

WASHINGTON–Consumer credit card debt hit $1.27-trillion in November of 2023, which is 6% higher than 2022 after adjusting for inflation, according to an analysis of Federal Reserve data by WalletHub.

MADISON, Wis.– Credit union loan growth this year is likely to slow to 4-5%, CU employee productivity took a “step back” in 2023, there is likely to be a surge in mergers this year, and credit unions are poised to become a near $9 trillion industry over the next two decades, according to TruStage’s newest Trends Report.

ALEXANDRIA, Va.—The nation’s banks are ahead of credit unions when it comes to installing EV charging stations at their locations, according to one expert, who believes CUs are just beginning to see the advantages of offering the opportunity to recharge include driving loyalty, new members and possibly even payments volume.

ARLINGTON, Va.–Credit unions that have had no choice in recent years but to match other employers when it comes to raising employee pay if they want to retain employees will likely find more muted pay increases this year, according to a new report.