March 9th, 20182124Leagues in Georgia and New Jersey and credit unions in Florida and Maine are the latest credit union stakeholders to write in support of the Senate’s bipartisan regulatory relief bill, S. 2155, according to a CUNA article.
The Senate is currently in the process of considering the bill.
Mike Mercer, president of Georgia Credit Union Affiliates, called the bill a “boon to Main Street” in a letter to Valdosta CEO.
“Provisions in this bill would ease mortgage lending and free up capital for small businesses, two essential ways to grow an economy that has suffered from both a financial crisis and the regulations put in place...
March 9th, 20180131The Bureau of Labor Statistics announced Friday morning that the United States added 313,000 jobs last month.
That's the most jobs added to the economy since July 2016, according to a New York Times article. Economists had been predicting a gain of about 200,000.
The Bureau reported job rises across multiple industries including construction, retail trade, manufacturing, financial activities, mining and personal and business services. The unemployment held at 4.1 percent for the fifth consecutive month. That number represents a 17-year low, according to the New York Times
The average hourly wage grew by 0.1 percent. It had grown by...
March 7th, 20182117Wall Street wobbled a bit Wednesday after the news that President Donald Trump's top economic advisor had resigned after opposing the White House's planned tarrifs on imports of steel and aluminum, according to a USA Today article.
Gary Cohn, a former Goldman Sachs executive, has been seen as a proponent of free trade and has been known to publically disagree with the tariff plan. He announced his resignation Tuesday.
Stocks reacted to Cohn's announcement Wednesday morning by falling. They fell even further when Trump tweeted that the U.S. may impose penalties on China as part of intellectual property disputes, according to USA...
March 2nd, 20182488Delta Community Credit Union along with Kaiser Permanente will sponsor an inspirational luncheon for the Cobb Executive Women next week, according to a Cobb Business Journal article.
Shan Cooper, chief transformation officer at WestRock, will discuss her leadership journey and views on how women can empower other women at the luncheon on March 9. Registration for the event closes on March 7 at noon. Cobb Executive Women pay $25 for entry while guests pay $35.
For more information, contact Rebecca Chadwick at rchawick@cobbchamber.org or 770-859-2368....
March 2nd, 201849547College graduates in Georgia are graduating with high hopes, bright futures – and decades worth of student debt.
According to CollegeCalc, The average annual cost of tuition in Georgia was $10,055 a year for the 2016-2017 academic year. That’s $3,531 lower than the U.S. average and ranks Georgia as the 13th most affordable state or district to attend college.
But Georgia students are still facing their share of student loan debt.
A Georgia Credit Union Affiliates survey featuring more than 3,000 respondents across the state found about 33 percent of Georgians who went to college used student loans to help pay for their degree....
February 22nd, 20181133Expectations the Federal Reserve will pick up the pace of raising borrowing costs lifted Treasury yields and the U.S. dollar Thursday — while dampening gold futures.
Market Watch reported that April gold fell $5.80, 0.4 percent, to $1,326.20 an ounce.
Gold had finished higher Wednesday. But minutes from a Fed meeting showed officials expect an "increased likelihood" of further interest rate increases, which heightens the prospect of a rate rise in March. The expected rate hikes helped push the U.S. 10-year Treasury note yield toward the 3 percent mark, according to Market Watch. Those rising bond yields can make investing in gold...
February 21st, 20181176The following article appeared on the Peach State Federal Credit Union blog on Feb. 20. Peach State serves more than 41,000 members in Barrow, Clarke, DeKalb, Gwinnett, Jackson, Oconee and Walton counties.
Receiving an inheritance can be a great financial opportunity, as well as a challenge. It can also be very emotional since it means that you have lost someone close to you. If you are an heir to someone’s will, that means that you are going to get an undetermined amount of money soon. If you aren’t careful, you run the risk of losing your money just as quickly as you receive it. The big question is what you can do with the money,...
February 21st, 20181127Gov. Nathan Deal announced a proposed tax cut for Georgians during a press conference Tuesday.
"This is the first income tax decrease in the history of Georgia," said Sen. Chuck Hufstetler, R-Rome, in a Northwest Georgia News article. "And it's a true middle class tax cut."
The plan would cut the top state income tax rate from 6 percent to 5.75 percent starting next year, according to an Atlanta Journal-Constitution article. Most Georgians pay the top state income tax rate on the majority of their income. The rate would then fall even further — to 5.5 percent — in 2020 as long as the General Assembly gives it the OK. That's...
February 20th, 20181126Disappointing quarterly results from Walmart helped cause the S&P and Dow to fall Tuesday, after six straight days of gains, according to a Reuters article.
Shares of Walmart, the world's biggest brick-and-mortar retailer, fell more than 9 percent after the company reported a lower-than-expected profit. The company also posted a "sharp drop in online sales growth during the holiday period," according to Reuters.
"The markets were indicating a lower open last night and an increase to the downside came after Walmart reported an earnings miss," said Robert Pavlik, chief investment strategist at Slate Stone Wealt in New York, in the...
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