What Does a Low Rate Increase Through 2022 Mean for Your Card Portfolio?

CO-OP offers three steps to right-sizing your payments portfolio and addressing members' needs amid the downturn.

By Deb Wieczorek | August 10, 2020 at 10:00 AM

After cutting its benchmark Federal Funds interest rate three times in 2019, the Federal Reserve followed up with two emergency rate cuts in March 2020 in an attempt to shield the economy from the devastating impacts of the COVID-19 crisis. The Federal Funds Rate now matches the historic lows of the 2009-11 Great Recession, sitting within a target range of 0-0.25%.

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Payments/Credit/Debit

1 CU Loses Nearly $300,000 in Four Hours With ATM Skimming Device

2 New Hires Include SVP of Consulting at Velera

3 Virginia CU Goes Federal, Joining 14 Other Charter-Switching CUs

4 Credit Union's Internal Investigation Leads to Employee Grand Theft Charge

5 Boomers Are Not Enough: How to Attract Younger Consumers

Credit Union Times Luminaries Awards 2024
November 07, 2024 - Orlando

This event shines a spotlight on the individuals, teams, projects and organizations that are changing the financial industry.
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Consulting Best Firms to Work For 2024
September 12, 2024 - New York

Consulting Magazine identifies the best firms to work for in the consulting profession.
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October 15, 2024 - Los Angeles

Join the industry's top owners, investors, developers, brokers & financiers at THE MULTIFAMILY EVENT OF THE YEAR!
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Alternative Data Is No Longer 'Alternative' for Credit Unions

By Tammy VanWambeke | July 26, 2024

Using it can help credit unions extend opportunities for financial health, spurring positive economic change.

Alternative Data Is No Longer 'Alternative' for Credit Unions

Boomers Are Not Enough: How to Attract Younger Consumers

By Peter Noteboom and Atanas Stoyanov | July 24, 2024

McKinsey & Company shares five actions that can help credit unions.

Boomers Are Not Enough: How to Attract Younger Consumers

What Do Inventory Surges and a Growth in Prime Financing Mean for CUs?

By Melinda Zabritski | July 22, 2024

Experian provides insights into the new and used auto lending market based on data from Q1 2024.

What Do Inventory Surges and a Growth in Prime Financing Mean for CUs?

Embracing a Modern Tech Stack and Architecture for Seamless Payment Experiences, Increased Efficiencies and Lower Operating Costs link

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