The credit union movement is evolving rapidly to meet the changing demands of consumers in a dynamic legislative and regulatory landscape. October’s Amplify Convention in Portland offers the latest news.
How serious is it that the Senate has spotlighted credit unions in a “tax options” report? It is not a recommendation, but the mention elevates the need for credit unions to turn on their grassroots machines.
On the heels of a data interpretation indicating credit unions could be paying 10 basis points on $5.3 billion corporate stabilization for up to six years, new estimates have reduced the term by one year and lowered the rate by nearly $1 billion.