CFPB has resources to prevent elder abuse

Elder abuse is very common in the United States. Research shows that 17 percent of abuse in Americans over the age of 65 is financial exploitation. Studies show that only one in 44 cases is ever reported. The Consumer Financial Protection Bureau (CFPB) posted new resources to its blog this month to help credit unions […]

How millennials are changing the global economy

Millennials have grown up when technology has made its greatest strides. Many millennials remember a time before cell phones became mainstream, but are the same people who couldn’t live without them today. Unlike their Gen X or Baby Boomer parents, this group has experienced a wave of technological change, globalization and economic disruption that will […]

Treasury, NCUA partner to increase opportunities for low-income credit unions

The National Credit Union Administration (NCUA) and the U.S. Treasury Department’s Community Development Financial Institutions Fund, Monday, signed an agreement that will streamline the application process for low-income credit unions to become certified as Community Development Financial Institutions (CDFI). Credit unions that obtain CDFI certification can access training and competitive award programs provided by the […]

Credit unions have a steady November

November is typically a slower month for credit unions, but the CUNA Mutual Group trends report finds a steady month with many positives. Loan growth was positive for the month with every asset size category of credit unions showing higher loan growth, year over year. Driving the growth was auto loans, home equity lines of […]