News
Mortgage Rates Fall To Seven-Week Low As Homebuyer Demand Edges Higher
49+ min ago (208+ words) CU Today MCLEAN, Va. Mortgage rates declined for the second consecutive week, with the average 30-year fixed-rate mortgage falling to its lowest level in seven weeks, offering a modest boost to affordability as home purchase demand continues to strengthen, according…...
Freedom's Financial Guardians: Why Defense Credit Unions Embody The Spirit of Independence
2+ hour, 5+ min ago (843+ words) Every Fourth of July, Americans gather beneath fireworks, wave flags, and celebrate the birth of the greatest experiment in self-government the world has ever known. We remember the courage of those who pledged "their Lives, their Fortunes and their sacred…...
Velera Board Appoints Three New Associate Directors
2+ hour, 47+ min ago (310+ words) CU Today TAMPA" Velera announced the appointment of three new associate directors to its board of directors Chuck Fagan The following credit union executives have been named to the board: Kelly Botti, president and CEO of Trumark Credit Union, Penn…...
Florida Launches Antitrust Probe Into FICO, Alleges Credit Score Giant Abused Monopoly Power
3+ hour, 9+ min ago (269+ words) CU Today TALLAHASSEE, Fla." Florida Attorney General James Uthmeier has opened an antitrust investigation into Fair Isaac Corp (FICO), alleging the company may have abused its dominant position in the credit-scoring market by raising prices, suppressing competition and increasing borrowing…...
MSUFCU Opens Interactive "Money Lab" to Teach Kids Financial Skills
2+ hour, 57+ min ago (178+ words) CU Today "Through hands-on opportunities to participate in real banking activities, we're helping make financial education more engaging, meaningful, and memorable." The Money Lab functions as a working credit union branch where, with parental guidance, youth members can open specialized…...
America's Credit Unions Clarifies What Credit Unions Can'And Can't'Do With New Trump Accounts
3+ hour, 24+ min ago (196+ words) WASHINGTON--With Trump Accounts set to officially launch July 4, America's Credit Unions updated its frequently asked questions document to clarify the role of credit unions now and in the future. Credit unions do not have a role to play yet,…...
The Question Every Credit Union CEO Should Be Asking About Fintech
18+ hour, 43+ min ago (845+ words) DALLAS" Credit unions are right to pursue fintech partnerships, but as RAI Partners co-founder Brian Scott argued, the real risk is mistaking innovation itself for a strategy. Scott argued that too many credit unions are becoming mesmerized by "the shiny…...
Warsh Says Fed Independence, 2% Inflation Target Will Hold
22+ hour, 36+ min ago (210+ words) SINTRA, Portugal'Federal Reserve Chairman Kevin Warsh used his appearance at the European Central Bank Forum on Central Banking to stress that the Fed will remain independent and committed to its 2% inflation target, even as President Trump continues pressing for lower…...
AI Can Pick The Payment Plan'But Consumers Still Want The Final Say
18+ hour, 41+ min ago (437+ words) CU Today...
Fed: Credit Card Use Outpaced Debit Growth for First Time In Nearly A Decade
22+ hour, 19+ min ago (236+ words) CU Today WASHINGTON'Americans continued shifting away from checks and cash in 2024, with the number of noncash payments climbing to a record 236. 6 billion and credit card use growing faster than debit card transactions for the first time in nearly a decade,…...