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MADISON, Wis.–With the Federal Reserve having again raised rates at its latest meeting, the question for many is when will the next recession take place. The answer, according to CUNA Mutual’s chief economist, is later this year.

ARLINGTON, Va.–NCUA has sent a Regulatory Alert to credit unions regarding a change to HMDA’s closed-end loan reporting threshold.

NEW YORK—Credit card “friendly fraud” is on the rise, a new study shows.

HONOLULU—Hawaii Central Federal Credit Union (HCFCU) has increased its excess share insurance policy with the Excess Share Insurance Corporation (ESI), with members’ deposit accounts now insured up to $750,000.

NEWARK, Ohio – TrueCore Federal Credit Union has named a new president and CEO.

BOCA RATON, Fla.– CU First Responders Finance, LLC (CUFR), a CUSO affiliated with the National Council of Firefighter Credit Unions, said it has funded a commercial real estate loan, cash-out refinance for a volunteer fire company in Sanborn, N.Y.

FORT WORTH, Texas – Four more credit unions have announced bonus dividends/loan interest rebates to members for a total of more than $16 million. Unique among the payouts to members, one CU urged its members to consider using their funds to “pay it forward.”

MADISON—With inflation eating away at consumers’ financial reserves and the Federal Reserve focused on reducing money supply, credit unions are facing a battle for deposits that requires several steps to address, according to Mike Higgins.

WASHINGTON–Less than two months after joining CUNA to lead its advocacy efforts on Capitol Hill, Robert Lewis has left the trade group.

NAIROBI, Kenya–A fintech that has been digitizing credit unions in this country, known as saccos, and which was highlighted during a presentation at 2022’s World Credit Union Conference in Scotland, has raised $3 million in new capital.