Sales figures show some members may be waiting it out over the next few months, paying down debt.
SAN ANTONIO — The economy will improve slightly, but consumers will continue to be cautious about spending and talking on new debt, CUNA's top economists said at a session during America's Credit Union Conference.
Credit unions may be gearing up to assist members even more given that the sale of new cars experienced a 25% increase in January.
Last year, Congress passed landmark legislation to reform the interchange fee system in America. This bipartisan effort came after years of congressional hearings and Government Accountability Office studies that made clear that the interchange system was on an unsustainable course.
Garden Savings Federal Credit Union, Parsippany, N.J., has announced the promotion of Robert Anselmo to chief retail officer. Anselmo has more than 18 years of experience in the financial services industry including the past four at Garden Savings, where he served as vice president of retail sales and service.
Credit unions and other lenders looking to increase access to inventory financing for auto, boat, RV and other dealerships will be able to do so again through the relaunch of an SBA pilot loan program.
With the sale of new cars experiencing a 25% increase in January, credit unions are gearing up to assist members in a still highly competitive market.
Andrews Federal Credit Union, Suitland, Md., announced Jim Hayes as its new executive vice president/chief financial officer.
Skyline's DirectFED Payment Solutions said it has signed the $124 million Right Choice Credit Union of Houston and the $4.2 million University of
HarborOne Credit Union, Brockton, Mass., announced that Barry Koretz was appointed chairman of the board of directors.