NCUA Liquidates Chicago Credit Union

The $116,449 St. Elizabeth’s Credit Union in Chicago became the first credit union liquidation of 2018, the NCUA said Tuesday. Following a 60-day suspension last fall, the Illinois Department of Financial and Professional Regulation determined that the credit...

Savings Rate Dips to Pre-Recession Low

Consumers ended 2017 by accelerating spending faster than their incomes, squeezing their savings rate to its lowest levels since the eve of the Great Recession. The U.S. Commerce Department reported Monday that personal savings were an annualized $351.6 billion in...