SCCU NEWS
February 1, 2010
Federal Reserve Keeps
Rates Unchanged
The Federal Reserve reported last week, that
although "economic activity has continued to strengthen," the "pace of
economic recovery is likely to be moderate for a time." This resulted in interest
rates remaining unchanged.
The target federal fund rate, which is the rate
banks use when lending to each other, remains at 0% to .25%. The Open Market Committee stated that while
"bank lending continues to contract, financial market conditions remain supportive of
economic growth."
January 21, 2010
Haitian Relief Fund
Due to the recent events that have happened to
the nation of Haiti, the National Credit Union Foundation alongside the World Council of
Credit Unions has provided a helpful way for members to support and donate online to the
Disaster Relief in Haiti fund as part of the effort in restoring the country.
Space City Credit Union would like to extend to
you, our members the opportunity to lend a helping hand.
Click here for more information on ways to get
involved and donate to the cause. |