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.
Despite heavy snow in some regions and in contrast to the usual pattern of slower consumer purchasing in the winter, retail sales rose 0.3%, the Commerce Department reported today.
Despite last week's blizzard that literally shut down Washington, Tower Federal Credit Union is still optimistic about the findings from a new report that show the region has several qualities that may make it ideal for stronger economic growth this year.
Consumers were more willing to spend money last month as retail sales increased 0.5%, the Commerce Department reported today.
TNB Card Services, the card processing arm of credit union owned Town North Bank, saw an 11% increase in the numbers of credit card accounts and a $1.5 increase in retail sales with credit cards.