The NCUA Board held its July meeting yesterday where it unanimously approved reprogramming budgeted funds and adding six new full-time positions for a total cost of $737,000. The board also issued a final rule to amend Federal Credit Union (FCU) bylaws.
The Federal Reserve Thursday announced its FedNow Service is live. “Banks and credit unions of all sizes can sign up and use this tool to instantly transfer money for their customers, any time of the day, on any day of the year,” the Fed said in its release.
NAFCU's widely read NAFCU Today is credit union leaders' go-to source for the latest on issues impacting the credit union industry. For those short on time, here's a roundup of this week's top need-to-know updates and resources.
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All CFOs, Controllers and VPs of Finance should attend NAFCU’s CFO Summit in Las Vegas!
Existing home sales fell 3.3 percent in June to a seasonally-adjusted annual rate of 4.16 million units, representing an 18.2 percent decrease in sales versus a year ago. NAFCU Chief Economist and Vice President of Research Curt Long broke down the report in a new NAFCU Macro Data Flash report.
