Category: Credit Union

As Fed Rates Rise, Save at a Credit Union

March 14, 2023
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In the past year, the Federal Reserve has employed several interest rate hikes in an effort to stabilize the U.S. economy. Depending on your situation and financial institution, your debt may have gotten more expensive or your savings might have grown. As rates continue to change, it’s worth exploring whether you’re still getting the best…

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Financial Institutions Say Emergencies Act Needs More Clarity, Less Onus on Banks

November 18, 2022
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Banks and credit unions want more clarity about how extraordinary powers will affect their customers’ accounts the next time the Emergencies Act is invoked, a parliamentary committee heard Thursday. Representatives of the Canadian Bankers Association and the Canadian Credit Union Association testified before an all-party committee studying the impact of the act’s powers invoked last…

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