|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.
SUPP. CAPITAL FOR RBC GAINS ADVOCATE updated
12/16/14 11:04 AM
McWatters Supports Model for CUs
National Credit Union Administration (NCUA) Board Member J. “Mark” McWatters recently said he supports including a supplemental capital provision in the agency's risk-based capital (RBC) rule to help credit unions meet the rule’s requirements.
CU DIRECT TO DONATE 20K TO CMN updated
12/16/14 11:03 AM
‘20 for 20’ Anniversary Campaign
CU Direct, the nation’s leading provider of lending, automotive, and strategic solutions for credit unions, is celebrating its 20th anniversary by holding a contest to donate $20,000 to one of the nation’s Children’s Miracle Network (CMN) hospitals.
NCUA MAY BE LIABLE FOR DATA BREACH updated
12/16/14 10:05 AM
Flash Drive with Member Info Lost
The National Credit Union Administration (NCUA) confirmed on Dec. 15 that a flash drive containing the personal information of Palm Springs FCU member was lost during a recent audit. The loss of data includes names, addresses, Social Security numbers, and account information.
PREPARE FOR HEALTH CARE REQUIREMENTS updated
12/16/14 09:42 AM
Also, Digital Media and Marketing
Federal health care law requirements, creating a quick digital message, and the marriage of innovation with marketing are all highlighted within the latest “Problem? Solved!” column in Credit Union Digest!