Chairman Ben Bernanke made history this week when he said the Fed would keep long term rates low until unemployment drops to 6.5% or below.
Industry economists agree that if the U.S. plunges off the fiscal cliff Dec. 31, credit unions probably won’t see any ill effects right away. However, even if a so-called grand bargain is reached between Democrats and Republicans, credit unions could see the loan growth momentum gained this year grind to...
Teresa Halleck, president\CEO of San Diego County Credit Union has been re-elected chairman of the board of the California Credit Union League.
Lending, liquidity and tax exemption are three areas where the search for the Grand Bargain could impact credit unions.
A roundup of Nov. 6 results from the credit union industry perspective.
Change is inevitable at the NCUA following the announcements by Board Member Gigi Hyland and Executive Director David Marquis that they’re leaving the agency.
Whoever replaces departing board member Gigi Hyland will have some big shoes to fill when it comes to her credit union experience, industry leaders say.
Credit unions shouldn’t look for a nomination to replace Board Member Gigi Hyland soon.
NCUA mum on possible litigation
WASHINGTON — Although speakers at NAFCU’s Congressional Caucus pledged their support for credit union member business lending , not one member of Congress said MBL legislation would be passed before the end of this year.