The Federal Reserve’s Wednesday decision to hold interest rates steady gives a strong signal to credit unions, CUNA Senior Economist Perc Pineda said. Pineda said that a strengthening economy means that a rate hike is on the horizon.
CUNA wrote in support of legislation Monday that is a step forward in addressing the threat of litigation under the Americans With Disabilities Act, urging legislators to consider how credit unions are being impacted by frivolous litigation.
After weeks of hurricanes, and now wildfires, it’s more important than ever for credit unions to be prepared for disasters. Federally insured credit unions are required to have disaster recovery and business resumption plans.