Transition Board for America’s Credit Unions announced

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

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

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.

🌟4.8 Star Rating for NAFCU’s 2023 Credit Union Compliance Roadmap! 

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Save the date: Complimentary roundtable on HR hot topics

NAFCU is hosting a complimentary roundtable discussion Thursday, Sep. 28, for members of the Human Resources Network and Marketing and Growth Network. The discussion will be focused on the impact of community engagement on employee and member engagement, with an emphasis on financial literacy and education.