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Improve Your Credit Card Program In 3 Key Ways

Improve Your Credit Card Program In 3 Key Ways: Foster growth and protect your returns by focusing on marketing, product development and underwriting approaches....[Read Article]

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Happy Holidays To All Who Serve

  Happy Holidays To All Who Serve 12/22/2025 10:28 am   By Grant Sheehan and Anthony Hernandez Every year, many Americans celebrate the joy of family and relief from work the holidays bring. Apart from the hustle and bustle, the holiday season is a special time to be with loved ones, engaging in family traditions and rituals, and making memories that will last a lifetime. However, not everyone gets to partake in the holiday gatherings.   There are over a hundred thousand military members serving in harm’s way or in 24-hour command center...
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Sunday Reading - The gold standard, explained

  Gold Standard       The gold standard, explained A gold standard is a system where a country’s currency is pegged to, and can be converted into, a fixed amount of gold. It’s typically meant to create a sense of security in the country’s currency: When a government uses a gold standard , its currency can be exchanged for an equivalent amount of gold—although regulations around redemption vary by country.   After the Civil War, in 1873, America adopted the gold standard for the first time. At the time, if gold was priced at $100 an ounce, each dollar  rep...
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Syracuse Fire Department Credit Union

Remember, you're not alone with  NCOFCU.org Join/Upgrade Check out some of NCOFCU's additional features: First Responder Credit Union Academy Financial Literacy Podcasts YouTube Mini's Blog Job Board
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Sunday Reading - Lake Manly Returns

  Lake Manly Returns   An ancient lake has  reemerged in California's Death Valley National Park following record rainfall this year.  Between 128,000 and 186,000 years ago, meltwater from ice covering the Sierra Nevada fed rivers that emptied into Badwater Basin, North America’s lowest point at 282 feet below sea level. The steady flow sustained Lake Manly, nearly 100 miles long and roughly 600 feet deep. The lake disappeared as Death Valley evolved into the driest place in North America , with some areas receiving under two inches of rain annually. This year, however, the park received 2.41 inches between September and November, marking its wettest autumn on record and triggering the temporary return of a shorter, shallower Lake Manly.  Above-average rainfall periodically brings Lake Manly back, including in 2023 when Hurricane Hilary dumped 2.2 inches of rain on a single August day, allowing visi...
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‘Soft Landing’ of Economy Appears More Likely, New Analysis Suggests

WASHINGTON–The U.S. economy grew more than previously thought in the second quarter, data released Thursday shows, “bolstering the case that the country may be experiencing a so-called soft landing,” according to one new analysis. Gross domestic product grew at a 3% seasonally and inflation-adjusted annual rate, the Commerce Department said in its revised estimate. That is up from the 2.8% rate reported last month, and it is far above the first quarter’s weak 1.4% expansion. Initial jobless claims for the week ended Aug. 24 also fell slightly, according to the Labor Department, another positive sign for the health of the U.S. economy, noted the Wall Street Journal in its analysis of the newest data. ‘All But Certain’ “Despite the economy's...
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Trump Administration Begins Historic Mass Federal Layoffs Amid Shutdown, Sparking Economic Fears

  10/11/2025 08:15 am WASHINGTON—The Trump Administration on Friday began carrying out large-scale federal layoffs—formally known as reductions in force (RIFs)—marking the first mass terminations of federal employees during a government shutdown in modern U.S. history. The move, which multiple reports describe as “substantial,” has set off alarm bells among credit unions, financial regulators, and member advocates who warn that the economic fallout could be far-reaching.` Reports indicate that the Treasury RIF has eliminated all CDFI Fund staff. According to POLITICO, the Treasury Department alone was preparing to terminate roughly 1,400 employees Friday under White House direction. The confirmation came as White House Budget Director Russell Vought declared on social media that “the RIFs have begun,” a message later confirmed by the Office of Management and Budget. Bloomberg Law reported that thousands of additional layoffs were underway across multiple departments, including Heal...
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Dolphin Debit & Customized Service Concepts Partner to Expand ATM Options

HOUSTON– Dolphin Debit , a provider of ATM management services, said it is partnering with Customized Service Concepts (CSC), an ATM sales and service provider in New England, to offer financial institutions in the region a complete range of ATM options. Gary Walston The two companies said the advantages the partnership bring to clients are numerous, including the ability to meet any ATM need. Dolphin Debit can provide its ATM outsourcing solutions for CSC clients, allowing credit unions to break free of the burdens of ATM fleet management and maintenance, while CSC expert technicians will provide the service for the joint Dolphin-CSC clients, the organizations said. Customized Service Concepts, LLC, with offices in Durham, Conn., and Goffstown, N.H., has served financial institutions in New England for more than 30 years. CSC provides ATM/ITM solutions as well as a broad product range that inclu...
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Buy Now, Pay Later Keeps Gaining Ground: New Study Shows Growth Surge

03/10/2025 06:31 pm Share         TROY, Mich.— A new study reveals the appeal of buy now, pay later is not waning, as the service saw significant growth last year. The J.D. Power 2025 U.S. Buy Now Pay Later Satisfaction Study shows BNPL enjoyed continued, significant growth in the number of consumers using the product year over year, with the highest usage among consumers from Generations Y and Z, and the highest growth period during the holidays. “The BNPL segment has undoubtedly grown in popularity, with more customers using these services than ever before,” said Sean Gelles, senior director of banking and payments at J.D. Power. “That’s been especially true around seasonal periods of higher spending, such as the holidays. Card-based BNPL products continue to lead the charge on satisfaction, as issuers are leveraging their existing brand awareness and equity to retain would-be defectors.” Following are some of the key findings of the 2025 study: Gene...
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MBA Lowers Mortgage Outlook Through 2023 - The 30-year fixed-rate exceed the 5% mark at 5.13% — the highest since November 2018.

Existing home purchases are likely to fall this year, but higher prices will cause originations to rise slightly. The Mortgage Bankers Association on Wednesday lowered its forecast for both refinance and purchase originations this year and next as interest rates rise faster than it anticipated and expectations rise for more aggressive actions by the Fed to curb inflation. MBA Chief Economist Mike Fratantoni said mortgage rates have risen by more than 1.5 percentage points since Jan. 1. “This rapid increase in rates, caused by a much more rapid pace of rate hikes and balance sheet reduction from the Federal Reserve, is in response to the booming job market and inflation being at a 40-year high,” Fratantoni said. “The jump in mortgage rates will slow the housing market and further reduce refinance demand the rest of this year.” Also on Wednesday, the MBA reported the fifth consecutive drop in its Weekly Mortgage Applications Survey. The number of applications in the week en...
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Email and Text Message Etiquette

As we navigate our everyday communications, I want to emphasize the importance of practicing good email and text message etiquette. This enhances clarity and ensures that everyone feels respected and valued in our interactions. Email Etiquette: 1. Use a Clear Subject Line: A subject line that accurately reflects the content of your email will help recipients know what to expect. 2. Greet Appropriately: Start with an appropriate greeting, such as "Dear [Name]", "Hello [Name]," or "Hi [Name], which sets a positive tone. 3. Acknowledge Receipt: If you receive an email that requires a response, action, or information, please acknowledge its receipt. A simple reply confirming that you have received the email helps the sender know their message was received and provides an opportunity to clarify expectations. 4. Be Concise: Keep your emails clear and to the point. Avoid excessive details unless necessary. 5. Professional Language: Use respectful and professional l...
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