Latest News & VACUL Headlines
- CU Lending Continues to Soar, Notes CUNA Economist
October 12, 2022There are some “interesting developments” in the economic data included in CUNA’s newest Monthly Estimates, according to Mike Schenk, vice president of research and policy analysis with CUNA. The new numbers continue to show that lending remains very strong overall among credit unions, and was up 13.9% during September, reflecting an annualized growth rate of 21%.
- Proposed Legislation Would Allow Furnishing Utility, Phone Bills to Credit Reporting Agencies
October 12, 2022On September 26, Representative French Hill (R-AR) introduced new legislation, H.R. 8985, also known as the Credit Access and Inclusion Act of 2022, to amend the Fair Credit Reporting Act and allow payment information for utility bills and phone payments to be furnished to credit reporting agencies to help consumers raise their credit scores.
- League's NoVA-Area Legislative Reception Draws 12 Federal, State Lawmakers
October 12, 2022Forty credit union supporters and 12 federal and state lawmakers attended the League's legislative reception Tuesday night in Fairfax. Apple Federal Credit Union hosted the event.
- Fed's Efforts to Cool Job Market Starting to Show Results
October 11, 2022The labor market was always bound to cool off eventually. Almost no one thought that furious hiring pace was sustainable long-term. Now, the cool-down is clearly underway. Hiring is slowing. Job openings are falling. Fewer people are jumping ship to other employers.
- National Credit Union Foundation Announces New Financial Well-Being Grants
October 11, 2022The National Credit Union Foundation (the Foundation) has announced two new grant opportunities to bolster credit unions’ ability to offer financial coaching and combat hunger.
- How to Establish Credit in the Hispanic and Latino Community
October 11, 2022Hispanic and Latino families in the U.S. continue to face a variety of challenges when it comes to establishing financial well-being. There are continued, systemic barriers to wealth building, such as labor market discrimination, which result in Hispanic and Latino families being less likely than white families to own assets such as homes, businesses and retirement accounts. But credit unions can aid these consumers ...
- As NCUA Weighs Climate Risk, CU Official Joins New Advisory Committee
October 11, 2022The NCUA has been struggling with the best way to deal with climate change. As a member of FSOC, agency Chairman Todd Harper supported the group’s 2021 statement that climate issues pose a risk to the financial system.
- Share With Members: 5 Things to Do to Protect Yourself Online
October 11, 2022Your online accounts, computer, and phone hold a lot of your personal, financial, and health information. Information that’s valuable to you — and to scammers who try to steal it. Here are five things to do to keep hackers out of your accounts and your personal business.
- CU Economists Respond to New Jobs Numbers
October 11, 2022The labor market again showed strength in the newest data released by the federal government, adding 263,000 jobs during September, clearing the way for the Fed to again raise rates but also raising questions over whether doing so is the right thing to do, according to two credit union economists.
- For Third Month in a Row, Used Car Values See a Decline
October 11, 2022Used car values declined for the third month in a row in September. Black Book’s Used Vehicle Retention Index for?September decreased 4.1% (7.5 points) to 176.5 from August. The Index currently stands 4.1% above where it was at the same time in 2021 and 54% above March 2020, pre-pandemic, Black Book said.