Fed
report: Credit card balances fell $49B in Q1
A new report from the
Federal Reserve Bank of New York found that credit card balances saw the second
largest quarterly decline in history, falling $49 billion during the first quarter
of 2021. The Quarterly Report on Household Debt and Credit looks at several sectors,
including mortgages, auto lending, and student loans.
NCUA
set to host webinars on cybersecurity, CDFI small-dollar loans
The
NCUA announced it is partnering with the Cybersecurity and Infrastructure Security
Agency (CISA) and the Community Development Financial Institutions (CDFI) Fund
to host webinars later this month on cybersecurity and small-dollar lending, respectively.
Day
2: NAFCU's CEOs Conference highlights innovation
Today, credit
union leaders will learn how to build talent, create influence with customer relationship
management (CRM), leverage the future of technology, and more during the second
day of NAFCU's CEOs and Senior Executives Conference. The conference, being
offered as a hybrid event with virtual and in-person attendees in Key West, Fla., runs through tomorrow.
There's
still time!
Nominate a top-notch employee or volunteer for a NAFCU
Annual Award. Your credit union's unsung heroes deserve recognition.
Year-over-year
CPI jumps in April; NAFCU doesn’t expect Fed to act on it
On a seasonally-adjusted
basis, overall consumer prices rose 0.8 percent in April, with the Bureau of Labor
Statistics reporting the overall consumer price index (CPI) grew 4.2 percent over
the 12-month period. In a new Macro Data Flash report, NAFCU Chief Economist
and Vice President of Research Curt Long noted that the year-over-year rise is
the "fastest pace of price gains since the summer 2008."
