NCUA to open grant process; $2 million available

Low-income credit unions seeking support to grow, train staff, and improve security should consider applying for Community Development Revolving Loan Fund assistance grants from the NCUA, which will offer $2 million in grant opportunities. NCUA’s Office of Small Credit Union Initiatives, which administers the grants, will accept applications between June 1 and June 30. To […]

Credit Union Business magazine features South Florida CEO

Tropical Financial Credit Union, based in Miramar, FL, was featured in the April edition of the Credit Union Business magazine. The magazine’s editor and publisher wrote a column on the success of Tropical Financial CEO Rich Helber in making the credit union profitable again. The column points out that in 2010, when Helber took over, […]

Consumer debt highest since Great Recession

A new study by CardHub finds that Americans have the highest average of debt since 2008 – the Great Recession. The study shows that the average household has $7,800 in credit card debt. That means that 2016 might be a repeat of 2008. With consumer confidence high, more people are spending more than they can […]