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...
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?
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...
Employee Involved in Discrimination Incident “No Longer Working” at CU
A Sound Credit Union employee who allegedly discriminated against a black Muslim woman that ignited a social media firestorm is no longer with the Tacoma, Wash-based cooperative. The $1.4 billion Sound CU posted its announcement on Facebook Monday night, but it did...
CO-OP THINK Panel Exchanges Payment Strategies
Credit union strategies and solutions for navigating the evolving payments landscape was an industry session lunch panel emphasis at the CO-OP Financial Services THINK 17 conference in New York City. On the panel: Jess Turner, EVP, North America digital payments and...
Trades Tally Hurt from Military Lending Rules
Credit unions serving military personnel have seen a drop in consumer loans, which trade groups attribute to regulations designed to protect service members from lending abuses. CUNA and an allied group, the Defense Credit Union Council, sent a seven-page letter to...
House Dems Want Additional Committees to Examine CHOICE Act
Democrats have requested three additional House Committees to review provisions of the House Financial Services Committee Financial CHOICE Act, a move that could delay House consideration of the measure. The Financial Services Committee approved Chairman Jeb...

