Syndicated

The S&P 500 (.SPX), rose to an all-time intraday high on Tuesday and was on track for a record close, lifted by investor confidence that the Federal Reserve is set…

Total assets, shares and deposits, and membership at federally insured credit unions declined at the median over the year ending in the second quarter of 2024, while loans outstanding increased.…

Community financial institution leaders should always be on the move. Learning new things. Tackling new challenges. Growing, growing, growing. Because if you’re not growing…you’re stagnating. Like the antelope and lion…

The RTPⓇnetwork and FedNowⓇService continue to increase in volume. At the Nacha Smarter Faster Payments conference in May 2024, Mark Majeske, a former team member who designed the RTP network,…

Traditional credit union savings products continue to see declining balances, but certificate of deposits are booming. During the last 12 months, share draft balances declined 2.8%, regular shares balances fell…

I think it’s safe to say none of us like sitting in meetings discussing things we may or may not be involved in while everyone and their monkey’s uncle has…

A little more than a year after Alex Chriss became PayPal’s president and CEO, the ecommerce payments giant has launched a major assault on in-store spending that includes major consumer…

When the Federal Reserve meets Wednesday, officials are expected to mark the end of an era as they cut interest rates for the first time in four years and chart…

Funding for the federal government is scheduled to expire Sept. 30. House Republicans had announced a continuing resolution but pulled it from the House floor without a vote last week.…

It was great to see so many of you this week at our 2024 Congressional Caucus. Credit union advocates welcomed Congress back to Washington, D.C., and our first Caucus as…

In a recent conversation with a credit union board member, she expressed frustration over the increasingly automated and predictable nature of their monthly board meetings. This shift towards efficiency and…

DCUC engaged Congress on the credit union tax exemption status by sending aletterand questionsto the Senate Committee on Financeahead oftoday's hearing, “The 2025 Tax Policy Debate and Tax Avoidance Strategies.”…

Previous SAVE participants have been placed into forbearance – meaning they are not required to make payments and interest is not accruing on their loans – until further notice, following…

Wall Street's main indexes rose on Friday as investors reevaluated the possibility of a bigger interest rate cut by the Federal Reserve next week, while Photoshop maker Adobe tumbled after…

Sandy, Utah-based Mountain America Credit Union is selling off its operations in Albuquerque, New Mexico, to Sandia Laboratory Federal Credit Union. Details of the sale were not disclosed. The $19.6…

The credit union tax status was not discussed during the Senate Finance Committee hearing on tax avoidance Thursday. In advance of the hearing, America’s Credit Unions President/CEO Jim Nusslewrote a…

The average rate on a 30-year fixed mortgage fell this week as potential homebuyers and investors turn their attention to the Federal Reserve’s interest rate decision on Wednesday. At 6.2%,…

In a rapidly evolving financial landscape, small credit unions play an essential role, particularly for underserved, underbanked communities, and communities of color. These financial institutions, often overshadowed by their larger…

U.S. consumer prices rose slightly in August, but underlying inflation showed some stickiness amid higher costs for housing and other services, further dashing hopes of a half-point interest rate cut…

Marketing is a critical component of your financial institution’s business strategy. It drives customer acquisition and retention, promotes high-margin products, builds brand equity, facilitates cross-selling and up-selling, improves customer experience,…

Multiple members of Congress addressed the audience at the 2024 Congressional Caucus Wednesday, following two previous days of members and other policymakers taking the stage. Rep. Pete Aguilar, D-Calif., who…

United Credit Union in Chicago is rebranding as Vicinity Credit Union. The $293 million-asset organization said the name better reflects its “deep-rooted” connections to the neighborhoods it serves in Cook…

The S&P 500 index closed higher on Wednesday with a boost from the technology sector offsetting investor disappointment at the early morning inflation report, which crushed hopes the Federal Reserve…

Strategic planning sessions are a staple in the financial services industry. Leaders huddle up, analyze data and map out the future of their bank or credit union. But sometimes these…