Fresh Today

QUEBEC, Canada—Despite U.S. credit unions’ enormous assets and membership ranks compared to the rest of the world, the United States did not make it on a new Top 10 list of the “most cooperative economies in the world.”

ARLINGTON, Va.—Credit union member growth declined 2.9% in August year over year, and share growth was down 3.4% year over year, according to new analysis released by NAFCU as part of its Economic and CU Monitor.

DURHAM, N.C.—Duke University FCU has named Daniel Berry as its new president/CEO effective Dec. 1.

WASHINGTON--The U.S. Department of the Treasury is soliciting comments concerning the Community Development Financial Institution (CDFI) Certification Application process.

BIRMINGHGAM, Ala.—During a year in which consumers are increasing their revolving debt, credit card debt fell slightly in August for the first time since February.

WASHINGTON—The Consumer Financial Protection Bureau has announced a new Project Catalyst research pilot to examine the effectiveness of early intervention credit counseling for consumers who are at risk of default on their credit card debt.

 

WASHINGTON—Large banks now have stronger balance sheets as they emerge from the financial crisis, but work remains to be done in adjusting business models to reflect new economic realities of lower profitability and greater regulatory requirements, according to a new report from the International Monetary Fund.