Straight to The Point: August 15, 2018

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star3 The National Credit Union Foundation, in conjunction with the California and Nevada Credit Union League, has activated CUAid to direct relief funds to credit union people affected by the wildfires in Northern California – The Point

star3 The members of Northern Credit Union voted to convert the credit union to a state charter from a federal charter – The Point

star3 CUNA Mutual Group’s annual Discovery Conference will be held tomorrow, Aug. 16, at 10 a.m. This complimentary online conference features leading keynote speakers and expert breakout presenters who will provide updates on the economy, lending, data and analytics, payments and more – CUNA Mutual Group

star3 President Donald Trump signed the National Defense Authorization Act for fiscal year 2019 at Fort Drum, enacting the legislation without a provision that could have negatively impacted military credit unions – CUNA

star3 U.S. household debt continued to increase in the second quarter, propelled by an advance in mortgage borrowing, according to a Federal Reserve Bank of New York report that also noted a decline in seriously delinquent student loansBloomberg

star3 The nation’s online banks are starting to lead the way and pay higher rates on deposits, which could force credit unions to act now to defend their depositsCUToday

star3 As trade war tensions heighten and the Trump administration imposes more tariffs, credit unions are persevering in the midst of uncertaintyCU Journal

star3 Fintech startups are going after borrowers who have less than stellar credit, sending out about 35 million credit card offers in the mail for the first six months of 2018PYMNTS

star3 Among the most high-profile legislation passed by the Legislature this year was a package of bills responding to the #metoo movement and striking out against sexual harassmentNew York’s State of Mind

 

 

 

 

 

 

 

 

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