More CUs Announce Year-End Payouts, Bringing to More Than $133 Million the Total Amount Reported by CUToday.info to Date 01/02/2023 03:22 pm PASADENA, Calif.– Credit unions across the country continue to announce bonus dividends and loan-interest rebates, bringing to more than $133 million the amount reported by CUToday.info to date as being returned to members at year-end 2022.
Digital Banking Is Not The Big Threat 01/02/2023 04:16 pm SCOTTSDALE, Ariz.—If credit unions wonder about the future of branches, it isn’t digital banking that’s that presents the greatest threat or promise—instead, it’s chatbots, says one person.
New Year, New Requirement: CUs With Offices in California Will Need to Disclose NSF, OD Income in 2023 01/02/2023 03:20 pm SACRAMENTO, Calif.–Among the most significant laws going into effect in 2023 that will have a bearing on credit unions is SB 1415 in California, which requires CUs and banks subject to the authority of the Department of Financial Protection (DPFI) to disclose the revenue they earn from overdraft and nonsufficient funds fees.
New Year, New Expectations: Lowest Average Annual Pay Workers Say They Are Willing to Accept is Now $73k, Fed Study Finds 01/02/2023 03:21 pm NEW YORK– The lowest average annual pay that workers were willing to accept from a new employer is $73,667, according to a new survey by the New York Federal Reserve Bank.
New Year Here, But Old Debts to Follow: More and More Middle Americans Turning to Credit Cards for Purchases 01/02/2023 03:22 pm DULUTH, Ga.—As the country enters a new year, a sizeable segment of middle class of America is turning more often to credit cards to make up for income shortfalls and rising prices, according to a new survey.
