A CUNA survey of some of its member credit unions suggests credit unions with less than $10 billion in assets have begun to take a hit to their debit card interchange even though they were not supposed to feel the impact of a debit interchange cap.
Participating credit unions showed drop in debit interchange for PIN transactions.
Bank regulator budget compares with 6.1% budget hike for NCUA.
Consumers plan to spend more on holiday gift giving this year, as much as a 4% increase, according to an annual survey on the topic sponsored by CUNA and the Consumer Federation of America. The two groups released the survey results in a press event Nov. 21.
Results show 3.5% to 4% increase over last year.
Association promises seasonal chestnut will offer fresh meat.
Members of Technology Credit Union voted to reject a proposal to convert their institution to a mutual bank.
Seventy-seven percent of voting members cast ballots to remain a credit union.
Small bank trade pushing hard for Congress to extend FDIC coverage of noninterest-bearing transaction accounts before it expires Dec. 31.
Using the NCUA’s midpoint estimates of remaining corporate stabilization costs, CUNA Chief Economist Bill Hampel estimates it would take four more years of assessments similar to the 2012 rate of 9.5 basis points to pay off corporate losses.