|Dwight Johnston, Vice President and Chief Economist for the California and Nevada Credit Union Leagues|
THE GOOD, THE BAD, THE PROMISING
updated 09/25/13 09:14 AM
CA and NV Play 'Catch-Up'
After reviewing mid-year job creation data, California merits a "B," and Nevada is improving from an "F" to a "C+."
The unemployment rate for California has declined from a peak of 12.4 percent to 8.6 percent, and Nevada is down from 14 percent to 9.6 percent. But the unemployment rate calculation is taken from the household survey, which is narrow and includes "self-employed."
A better picture can be gleaned from the nonfarm payroll survey of larger businesses.
California lost approximately 1.4 million jobs, but recovered 700,000. What the data does not show is how consistent the uptrend has been since it began in earnest in late 2011.
2014: CU LENDING SECTORS IN FOCUS updated
03/11/14 09:53 AM
HELOCs, Credit Cards, Personal Loans
Which loan sectors should credit unions focus on as the economy prepares for employment and wage growth in 2014?
CO-OP AND ALKAMI FORM PARTNERSHIP updated
03/08/14 08:42 AM
Integrated Online and Banking Solution
CO-OP Financial Services and Alkami Technology, Inc. are banding together on a bundle solution that includes CO-OP Bill Pay and the Alkami ORB Platform. This enables credit unions to offer members a fully-integrated online and mobile banking bill payment solution.
CUs ENGAGE LAWMAKERS ON CAPITOL HILL updated
03/07/14 12:29 PM
New Legislators Show Support
As Congress considers tax reform, data security, regulatory relief, and other vital credit union issues, this year’s 2014 Governmental Affairs Conference (GAC) in Washington D.C. was a pivotal event for credit union executives and board members who advocated face to face with legislators on behalf of their members and the movement.