From NAFCU Today <[email protected]>
Subject Proposed Transition Board for America’s Credit Unions announced
Date August 9, 2023 11:06 AM
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Also: Last day to submit responses to NAFCU’s annual Fed survey; Consumer credit continues to rise in June

August 9, 2023

Transition Board for America’s Credit Unions announced ([link removed] )

CUNA and NAFCU released details of the proposed Transition Board for America’s Credit Unions, including members of the Executive Committee. Brian Schools, current vice chair of the NAFCU Board of Directors and president and CEO of Chartway Federal Credit Union (Virginia Beach, Va.), is set to lead the charge as the association’s first chair.

Responses to NAFCU’s annual Fed survey due today ([link removed] )

Responses to NAFCU’s annual survey are due today and will inform NAFCU’s annual Report on Credit Unions. NAFCU member credit unions are encouraged to share feedback on key issues in support of the association’s advocacy strategy.

Consumer credit continues to rise in June ([link removed] )

Total consumer credit grew 4.3 percent in June at a seasonally-adjusted, annualized rate and is up 5.7 percent compared to a year ago. In addition, while revolving credit – primarily credit cards – fell 0.6 percent, it remains 11.2 percent higher than June 2022. Non-revolving credit – primarily auto and education loans – rose 6 percent in June and is up 4 percent from a year ago. NAFCU Economist Noah Yosif broke the data down further in a new Macro Data Flash report.

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