CO-OP to sponsor Filene initiative to keep credit unions at forefront of fintech

CO-OP Financial Services and Filene Research Institute announced yesterday an initiative to launch the next Filene Center of Excellence — the Center for Emerging Technology — to provide research and education to credit unions on financial technology. The Center for Emerging Technology will formally launch later this year and will produce three major research studies and host one academic […]

NCUA extends deadline to receive suggestions for call reports

In its continuing effort to receive feedback on improving the Call Reports process, the NCUA is giving credit unions an additional two weeks to comment on possible changes. The deadline for comments is now Aug. 15. The original deadline was Aug. 1. Possible changes to the call reports include optional sections for small credit unions. […]

CUNA economists release new forecast with positive CU growth

In the latest glimpse at the future by CUNA economists yesterday, the U.S. economy is expected to grow by 2.25 percent in 2016, and 2.5 percent in 2017. CUNA economists lowered their outlook for U.S. gross domestic products (GDP) growth by 0.25 percent for both 2016 and 2017, respectively, in the June 2016 CUNA Economic […]

Britain’s divorce from the EU causes global financial turmoil

The most prevalent topic in financial news today is Brexit and its effect on economic conditions world wide. The surprising vote to leave the European Union has left many flummoxed, but CUNA economists expect credit unions to be safe from serious financial repercussions. According to CUNA economists, “Our outlook for credit union financial operations is […]

Dates set to fill Hubbard’s vacant seat in the House

With the Alabama Speaker of the House position vacated by the conviction of Mike Hubbard, Gov. Robert Bentley has set dates for a special election to fill the seat. Since Hubbard’s conviction on June 10, Victor Gaston has been serving as acting house speaker. The primary for the Lee County seat, if necessary, is scheduled […]

Rubio looks to return to the U.S. Senate

Three months after ending his presidential campaign, Marco Rubio announced yesterday he will run for re-election to the U.S. Senate. While campaigning for the presidency, Rubio repeatedly asserted he would not seek re-election to the Senate, but amid GOP concerns about maintaining control of the majority Republican legislative branch, Rubio reversed course and will throw […]