Fresh Today

LONDON–That consumers are moving to alternative payments and disintermediating their credit unions is a staple of many meeting agendas, but one new analysis has found Banking via Facebook messaging has died due to its lack of popularity.

NEW YORK—The troubled $3-billion-plus Municipal Credit Union, whose former CEO has pleaded guilty to stealing millions from the CU, has been conserved by New York State Department of Financial Services.

ARLINGTON, Va.—Total retail sales decreased 0.2% in April after sturdy gains in March. NAFCU's Curt Long noted that despite a strong labor market, economic growth will be modest in the coming months as "consumer spending has been choppy this year as a result of the government shutdown, ongoing trade tensions, and lower tax refunds."