In yet another sharp policy clash with House Financial Services Chairman Jeb Hensarling (R-Texas), panel ranking Democrat Maxine Waters (D-Calif.) told federal agencies today that she considers her communications with them subject to federal open records statutes....
Credit Union Industry News & Updates
The Credit Union & Banking worlds are changing faster today than they ever have. Keep informed about what’s going on in the industry.
WHAT’S GOING ON AT CREDIT UNIONS?
Black Hills FCU Moves Toward Conversion Kickoff
The $1.09 billion, Rapid City, S.D.-based Black Hills Federal Credit Union prepares for the kickoff of its new core implementation process in the third in a series documenting its system overhaul. This inside look previously followed BHFCU's pre-conversion choices,...
Using Tech to Survive and Serve
The $80 million, York, Penn.-based Heritage Valley Federal Credit Union learned to survive against bigger financial institutions by supplying innovative services to members, and educating and lending to those underserved by other options. “Our tag line is...
Healthy Jobs Lift On-Time Mortgage Payments
Strong job and wage growth helped mortgage delinquencies continue to diminish in the first quarter of 2017, the Mortgage Bankers Association reported. Mortgages that are late —but not in foreclosure — accounted for a seasonally adjusted 4.71% of all...
Consumer Optimism Highest in Nearly Four Years: New York Fed
Last month, consumers reported the highest level of financial optimism since June 2013, according to the Survey of Consumer Expectations by the Federal Reserve Bank of New York. Expectations for household income growth and overall financial situation reached a record...
6 Actions Employers Can Take to Boost Retirement Savings
Lots of people point to self-indulgent millennials or debt-beleaguered GenXers or negligent boomers as the reason for the retirement crisis and the cause of their own hardships. But a Morningstar study instead points the finger at employers, and...