THE news

ITTA BENA, Miss.–In remarks at an event sponsored by an affiliate of a local credit union, Federal Reserve Chairman Jerome Powell said the U.S. economy looks strong, but it is also seeking ways to fight poverty in those “pockets” where it exists, such as the rural communities in Mississippi.

NEW YORK–Inclusiv, which was formerly known as the National Federation of Community Development Credit Unions, and the African-American Credit Union Coalition (AACUC) have joined forces to celebrate African American credit unions in a social media campaign that illustrates the impact of credit unions on their members and communities. February is Black History month.

NEW YORK–Many auto dealers have started 2018 with heavy inventories of unsold vehicles on their lots, with analysts suggesting the situation could put pressure on manufacturers to cut factory output as U.S. auto sales cool, according to a new report.

RANCHO CUCAMONGA, Calif. – CO-OP Financial Services announced its COOPER Fraud Analyzer is now part of CO-OP Shared Branch services to participating credit unions, with all network transactions flowing through the interface of this account-based risk management solution.

TAMPA, Fla.–University of South Florida Federal Credit Union said it is establishing new scholarships and expanding existing ones for a total of $205,000 that will support USF students studying many disciplines.