|Dwight Johnston, Vice President and Chief Economist for the California and Nevada Credit Union Leagues|
HOUSING: NOT TOO HOT, NOT TOO COLD
updated 10/25/13 11:45 AM
Stable Market in Sight
The housing markets in California and Nevada have been raging for more than a year. Prices and sales languished for almost three years after the economic recovery began and the confidence factor kept buyers at bay.
But that changed last year when big investment money started flowing into housing. Several multi-billion dollar and slightly smaller funds sprang up out of nowhere.
The tidal wave of money from Wall Street became caused something to snap on the part of would-be homebuyers. Not only did buyers find a reason to be confident that home prices have bottomed, they finally discovered the power of low mortgage rates.
However, homebuyers found a competitive market instead of a market awash with homes begging for purchasers. The abundant supply of homes had vanished. The market went from ice cold to boiling hot in a matter of a few short months.
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!
'IOLTA' BILL: A BIG WIN FOR MOVEMENT updated
12/15/14 10:36 AM
Two Credit Unions React
The Senate’s passage of H.R. 3468 on Thursday is big news for federally-insured credit unions in California and Nevada that serve attorney firms and other businesses, and could open the door to deepening current relationships and attracting new prospects.