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.
In a move that may signal a broader trend reversal, the Target shopping chain has announced it will stop issuing its Target branded credit card with a Visa logo and will instead issue only its in-house Target branded card.
With spring having sprung and the economy continuing to show signs of a rebound, consumers opened up their wallets last month and caused retail sales to increase 1.6% last month, the Commerce Department reported today.