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ARLINGTON, Va.—Sales of new cars and trucks in the U.S. fell 3.7% in August, according to Autodata Corp., and depressed sales are likely to continue into September, said NAFCU Research Assistant Yun Cohen in a NAFCU Macro Data Flash report.

WASHINGTON—While many credit unions and NAFCU oppose any move by NCUA to increase the NCUSIF’s normal operating level to 1.39%, one analyst is arguing that the level should be closer to 2%—similar to the FDIC’s target for its insurance fund.

ALEXANDRIA, Va.–Total assets in federally insured credit unions grew by more than 7% and more than 4.5 million members joined those same CUs in the year ending with the second quarter of this year, according to data released by NCUA.

As the new chairman of the World Council of Credit Unions was recently stepping to the podium before an audience from around the world, he admitted he was uncomfortable with public speaking.

ARLINGTON, Va.—Asset securitization could do a lot for the future of federal credit unions, but how much of an impact it will have depends largely on the guidance NCUA provides on the practice, asserts one analyst.

LAKE FOREST, Ill—Overdrafts have always collected the most revenue for all related service charges. Now, for the first time, credit card interchange has exceeded overdraft revenue to become the top money maker among all service charges, reports Moebs $ervices.

CHICAGO–Good management doesn’t happen without good leadership habits, according to Marcel Schwantes, principal and founder of Leadership from the Core.

WASHINGTON–CUNA Strategic Services and CU RateReset said they have formed a new  alliance to provide credit unions with a solution to retain existing loans and generate more loans while giving their members more power over products. 

SANTA ROSA, Calif. – Redwood Credit Union (RCU) said it has welcomed Deanna Schutz to the mortgage lending team as an external mortgage loan officer.

FITCHBURG, Mass.–IC FCU has helped raise funds to help local firefighters.