Rate Cut Sparks Debate Over Consumer, CU Impact 09/18/2024 07:06 pm PLANO, Texas—The Federal Reserve may be moving fast to change directions on rates, analysts are saying after the FOMC cut rates by 50 BPs Wednesday, marking the Fed’s first rate reduction since 2020.
Fed Cuts Rates By 50 BPs 09/18/2024 06:33 pm WASHINGTON—As expected, the Federal Reserve reduced interest rates today, cutting the federal funds rate by one-half percentage point to 4-3/4 to 5%.
Velera Unveils New Annual Conference: VeleraLIVE 09/18/2024 06:17 pm ST. PETERSBURG, Fla.– Velera—formerly PSCU/Co-op Solutions—announced details about its new annual conference: VeleraLIVE.
ACU Highlights Credit Union Efforts Prior To Tax Reform Hearing 09/18/2024 06:15 pm WASHINGTON—Credit unions’ work serving those “left behind by big banks” is more important than ever, America’s Credit Unions wrote to a Senate Banking subcommittee ahead of its hearing this week to examine the macroeconomic impacts of tax reform that will take place next year.
Two Florida CUs To Combine To Form $2.7-Billion Organization 09/18/2024 06:18 pm MERRITT ISLAND, Fla.—Two large Florida CUs—$1.4 billion Launch Credit Union here and $1.3 billion Community Credit Union of Florida, based in Rockledge—plan to merge, the Viera Voice reported.
