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NEW YORK–Just like credit unions, the nation’s banks are paying higher rates as they chase deposits. Moreover, borrowing in the federal-funds market hit $120 billion on Jan. 27, the highest one-day total in Federal Reserve data going back to 2016, according to the Wall Street Journal.

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Sarah Ermatinger

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MADISON, Wis.— The World Council of Credit Unions’ (WOCCU) has released its 2023 Global Regulatory Update in which it makes the case that the ability of credit unions to weather financial shocks draws consumers to them during times of crises, something WOCCU said “regulators must recognize and allow for to help the world recover from the current climate of economic uncertainty.”

NASHVILLE, Tenn.– Ascend Federal Credit Union has donated $115,585 to Second Harvest Food Bank of Middle Tennessee to help individuals and families have access to food this holiday season.