Items Tagged with 'funds'

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Service vs. Security

Safety isn’t convenient, but members will be glad you’re acting in their best interest.
Roger Nettie
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Take steps to thwart criminals who exploit HELOCs and wire transfers.
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Garnishment Rules and Protections

Submit comments on the interim final rule by May 24.
Nichole Seabron
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The interim final rule restricting garnishments on certain federal benefit payments went into effect on May 1, 2011. Credit unions have until May 24, 2011 to submit comments.
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Assessments Less Onerous for CUs Than Banks

CUs likely will pay about one-third less than banks over the next 11 years.
Bill Hampel
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NCUA assessments are expected to total 90 bp of insured shares by 2021 vs. 144 bp for banks, a CUNA white paper reports.
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Pace of Recovery is Slowing

Household spending increases gradually, but remains constrained by high unemployment, modest income growth, lower housing wealth, and tight credit.
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Economic conditions, including low rates of resource utilization, subdued inflation trends, and stable inflation expectations, are likely to warrant exceptionally low levels for the federal funds rate for an extended period.
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