Jim DuPlessis

1 week ago | cutimes.com | Jim DuPlessis

While Palmetto Citizens Federal Credit Union held a groundbreaking ceremony in downtown Columbia, S.C. Tuesday for a new headquarters, it expects much of its growth will occur outside the capital city. The five-story, 100,000-square-foot building is expected to open within two years, housing 250 credit union employees, including its call center and mortgage department, which will move from nearby branches.

1 week ago | cutimes.com | Jim DuPlessis

NCUA official seal. Credit/NCUA A veteran credit union observer said President Trump’s firing of two NCUA board members creates an existential threat to credit unions that should cause them to immediately ensure they have a route to continue if independent federal oversight crumbles.

1 week ago | cutimes.com | Jim DuPlessis

Credit: ARTPROXIMO/Adobe Stock; The cannabis lending company spawned by Partner Colorado Credit Union (PCCU) of Denver includes a new “going concern” note in its annual report for 2024. Safe Harbor Financial Services’ 10K filed April 10 shows the same $48.3 million net loss and other key metrics for the year that the Denver company reported in its April 1 news release.

2 weeks ago | cutimes.com | Jim DuPlessis

Credit: Bigc Studio/Adobe Stock President Donald Trump’s decision to raise a great wall of tariffs Wednesday morning, then pare it back after lunch caused markets to plunge and rally. Some economists backed off recession predictions, but among those who stuck with them was a team of economists at America’s Credit Unions (AmCU). A half dozen of the trade group’s economists, former economists and Steve Rick of TruStage met Monday to complete the forecast for 2025 and make their first calls on 2026.

2 weeks ago | cutimes.com | Jim DuPlessis

Credit: tostphoto/Adobe Stock; A growing number of analysts and corporate executives were predicting higher chances of recession and job cuts this year as President Trump’s tariff war was leading investors to sell off stocks and bonds. But after lunch Wednesday, Trump changed his mind, pausing the bulk of his tariffs for 90 days. The stock market started moving up and some of the dire forecasts were pulled back.