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Credit Union National Association Chief Economist Bill Hampel has predicted that consumer spending during the upcoming holidays could increase by as much as 3% compared to 2008's numbers.
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More than 15 national, international, and local media outlets covered the tenth annual projection of consumers' holiday spending plans produced by a national survey sponsored by the Credit Union National Association (CUNA) and Consumer Federation of America (CFA). CUNA and CFA also used the opportunity to provide consumers with tips to help keep holiday spending debt under control.
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Credit unions are as important as they have ever been to U.S. consumers, especially in the current troubled economic environment, a Massachusetts credit union CEO wrote in a column for a local financial publication.
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Although an unprecedented number of small credit unions indicated they would not be providing wage increases for all of their employees in 2009, the majority will provide wage increases for at least some of their employees, according to CUNA's recently released 2009-2010 Small Credit Union Staff Salary Survey.
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The Temporary Corporate Credit Union Share Guarantee Program has received another extension from its parent agency, the National Credit Union Administration. The agency is pushing the expiration date past the current sunset of Dec. 31, 2011 to let the program run until March 31, 2012.
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Credit union leaders and supporters can now register for the 22nd Annual Herb Wegner Memorial Awards Dinner, presented by the National Credit Union Foundation Feb. 22, during CUNA's 2010 Governmental Affairs Conference.
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Members United Corporate FCU recorded a net loss of $149.6 million for October, according to financial statements released Friday.
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Co-op Services CU Friday ended its 100 days of giving away $100 bills to 100 people.
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Credit Union of New Jersey, Ewing, is offering a new furlough loan product to help state employees affected by mandatory furloughs. The product is dubbed "Furlough Dough," according to the New Jersey Credit Union League.
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Meriwest CU announced it will close its two Tuscon financial centers Jan. 1, but members will continue to be served through Shared Branching.
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