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Membership Growth Declines in Small CU's


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Sunday Reading - What's the point of a consumer electronics show?

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A Perfect Example - What Makes Credit Unions Different from Banks!

When the government shutdown hit in October and paychecks stopped, thousands of federal employees were left wondering how to make ends meet. Credit unions across the country stepped up—but Keesler Federal Credit Union went above and beyond. No loans, no hassle—just your paycheck Instead of making members apply for emergency loans, Keesler Federal launched its Paycheck Relief Program. Revolutionary in its simplicity, it worked like this: if you were a federal employee with direct deposit at Keesler Federal, your paycheck kept coming—interest-free, fee-free, and stress-free. Each qualified member could receive up to $6,000 per pay period for as long as 90 days. No hoops, no headaches. From October 1 until the shutdown ended, Keesler Federal advanced more than 5,000 paychecks totaling $6.5 million to 1,710 members. For non-members, they even offered zero-interest loans up to $6,500 with a year to pay it back. This proactive approach meant that before the first missed paycheck, Keesler Fed...
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Eight Credit Unions Pay $42 Million in Special Dividends to 1.1 Million Members

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Auto Link, Home Link, and CalcuLink Unite Under New Parent Brand: Centergy Solutions

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Temporary Corporate Credit Union Share Guarantee Expires December 31, 2012

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Home Prices Increased at Annualized Rate Near 20% in Q2

  WASHINGTON—Single-family home prices increased at the annualized rate of 19.4% in Q2, down slightly from the previous quarter’s upwardly revised 20.5%, according to Fannie Mae’s latest Home Price Index (FNM-HPI) reading. The HPI is a national, repeat-transaction home price index measuring the average, quarterly price change for all single-family properties in the United States, excluding condos. On a quarterly basis, home prices rose a seasonally adjusted 4.3% in Q2 2022, Fannie Mae said. ‘Near-Historic Pace’ “Home prices maintained a near-historic pace of appreciation in the second quarter, as low levels of housing inventory continued to support price growth,” said Doug Duncan, Fannie Mae senior vice president and chief...
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Fed Raises Rates to Highest Point Since 2001; Here's What CU Economists Are Saying

WASHINGTON—Emphasizing it remains “highly attentive to inflation risks,” the Federal Resoerve has moved to hike interest rates by 25 basis points, setting the target range for federal funds at 5.25 to 5.5%--their highest level since 2001. The Federal Open Market Committee made the announcement Wednesday at the close of its July two-day meeting here, and suggested it may not yet be done with rate increases. “Recent indicators suggest that economic activity has been expanding at a moderate pace. Job gains have been robust in recent months, and the unemployment rate has remained low. Inflation remains elevated,” the Fed stated in a release. Tighter Conditions “Tighter credit conditions for households and businesses are likely to weigh on economic...
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Earn your 1st, "First Responders Credit Union Academy" Certificate On Us!

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ATM Fees Hit an All Time High, Plus Other Findings From New Bankrate Analysis

08/21/2024 07:30 pm NEW YORK–The fees for using out-of-network ATMs continue to rise, with an average fee of $4.77 this year, according to Bankrate’s 2024 Checking Account and ATM Fee Study . “This reflects an increase from $4.73 last year and the highest annual amount since Bankrate began tracking ATM fees in 1998,” the company said in releasing the analysis. Other fees on the rise include overdraft fees, Bankrate reported, with the average having climbed this year to $27.08, up from $26.61 in 2023. “This increase comes after two straight years of declines, after the average overdraft fee had peaked at $33.58 in 2021,” Bankrate said. “Overdraft fees are still charged by 94% of accounts Bankrate surveyed, and they can run as high as $38.” ...
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