Credit Union Industry News
The latest credit union industry news — mergers, technology, regulation, and community impact — updated throughout the day.
- Engaging with the Credit Union Central Community: A Vital Resource for Leaders — The Credit Union Central community provides leaders with a platform to connect, share insights, and explore tailored software solutions, enhancing the operational efficiency and strategic direction…
- DCUC Urges Congress to Protect Military Pay Before Christmas — Letter calls for uninterrupted military and Coast Guard pay before the December 11 funding deadline WASHINGTON, D.C. — The Defense Credit Union Council (DCUC) is urging congressional leaders to…
- Join the Community: A Resource for Credit Union Leaders — Engaging with the Credit Union Central community offers leaders a valuable opportunity to learn from peers and explore software options tailored to their needs.
- DCUC Urges Senator Warren to Reject 10 Percent Credit Card Rate Cap — Council requests a meeting and warns that a blanket cap would restrict credit formilitary families and underserved borrowers. WASHINGTON, DC — The Defense Credit Union Council (DCUC) is urging…
- Reminder: Executive Assistant/Board Liaison Roundtable Virtual Meeting — Join us for the upcoming Executive Assistant/Board Liaison Roundtable Virtual Meeting on November 5, 2026. This event is designed to foster collaboration and knowledge sharing among credit union…
- DCUC Urges Foster to Protect Small Credit Unions in Regulatory Modernization Effort — WASHINGTON, D.C. -- The Defense Credit Union Council (DCUC) is urging Rep. Bill Foster (D-IL) to ensure that efforts to modernize financial oversight deliver measurable benefits for credit unions,…
- DCUC Urges ICBA to End Push to Tax Credit Unions — Hernandez challenges bank tax double standard and defends credit union members. WASHINGTON, DC — The Defense Credit Union Council (DCUC) is calling on the Independent Community Bankers of America…
- Enhancing Financial Management: FreshBooks for Credit Unions — FreshBooks offers credit unions an efficient solution for invoicing and expense tracking, featuring user-friendly tools and recent updates that enhance financial management capabilities.
- Software Spotlight: FreshBooks for Credit Unions — Explore how FreshBooks can enhance invoicing and expense tracking for credit unions, along with its key features and recent updates.
- DCUC Urges Congress to Enact Credit Union Reforms Before Year End — Federal Reserve data reinforces Election Day appeal for veteran lending, loan maturity and liquidity reforms. WASHINGTON, DC — On Election Day, the Defense Credit Union Council (DCUC) is calling on…
- DCUC, Member Credit Unions, and System Partners Meet with Pentagon and NCUA Leadership — Discussions highlight military financial readiness, regulatory modernization, and credit unions’ abilityto serve those who serve. WASHINGTON, DC — Defense Credit Union Council (DCUC) leadership,…
- NCUA Announces Fourteenth Round of Deregulation Proposals — Alexandria, VA (November 03, 2026) ― The National Credit Union Administration today announced two final rules and a proposed rule as part of the fourteenth round of proposed regulatory changes…
- Key Highlights from the Credit Union Industry: A Weekly Roundup — This week's roundup presents essential updates for credit union professionals, including a virtual roundtable discussion, enhancements in financial management, and important regulatory deadlines.
- DCUC Welcomes evergreenDIRECT Credit Union to Membership — DCUC Welcomes evergreenDIRECT Credit Union to Membership
- Community Roundup: Key Highlights for Credit Union Professionals — This week's roundup covers essential updates and events in the credit union industry, including a virtual roundtable, financial management enhancements, and upcoming regulatory deadlines.
- DCUC Urges Thune and Schumer to Keep Commissary Interchange Amendment Out of FY2027 NDAA — Council warns that a commissary study could advance payment mandates that putmilitary families’ financial security at risk. WASHINGTON, D.C. — The Defense Credit Union Council (DCUC) is urging…
- NCUA Charters Accion Opportunity Federal Credit Union — ALEXANDRIA, Va. (October 30, 2026) – The National Credit Union Administration (NCUA) has granted a federal charter and Share Insurance Fund coverage to Accion Opportunity Federal Credit Union,…
- NCUA Charters All Peoples United Federal Credit Union — ALEXANDRIA, Va. (October 30, 2026) – The National Credit Union Administration (NCUA) has granted a federal charter and Share Insurance Fund coverage to All Peoples United Federal Credit Union…
- Upcoming Virtual EPN Roundtable: A Key Event for Credit Union Professionals — Join us for the Virtual EPN Roundtable on October 29, 2026, a vital opportunity for credit union professionals to engage in discussions and share insights.
- DCUC Urges FHA to Modernize Property Requirements and Expand Affordable Homeownership — Joint letter from 14 national organizations calls for prompt implementation of proposed reforms. WASHINGTON, D.C. — The Defense Credit Union Council (DCUC) today joined 13 other national…
- Enhancing Financial Management in Credit Unions with NetSuite — Explore how NetSuite, a cloud-based ERP solution, can transform financial management, reporting, and operational efficiency for credit unions.
- Software Spotlight: NetSuite for Credit Unions — Explore how NetSuite, a cloud-based ERP solution, can enhance financial management, reporting, and operational efficiency for credit unions.
- NCUA Releases 2027–2028 Proposed Budget, Sets November 17 Public Hearing — Alexandria, VA (October 27, 2026) ―The National Credit Union Administration (NCUA) released its staff draft budget for 2027–2028 today. The proposed budget is now available on the agency’s website…
- Harnessing Community Engagement: A Strategic Advantage for Credit Union Leaders — Exploring the benefits of community engagement and professional networking for credit union leaders, this article highlights how collaboration and shared resources can enhance operational…
- DCUC Warns Debit Interchange Ruling Threatens Credit Union Members and Military Families — Council pushes back on merchant claims and urges action to protect affordableaccounts and secure payments WASHINGTON, DC — The Defense Credit Union Council (DCUC) today expressed disappointment with…
- Harnessing the Power of Community: A Guide for Credit Union Leaders — Credit union leaders can significantly benefit from engaging with peers and exploring software options within the Credit Union Central community. This article explores the advantages of joining this…
- Event Reminder: The Numbers Don't Lie - Insights from CU*SOUTH — Join CU*SOUTH's Steve Ramberg and Zak Lewellen for a deep dive into the impressive growth of credit unions using CU*SOUTH's core services. Discover how these innovations are setting credit unions…
- DCUC Connects Credit Union Leaders and Industry Partners at New York Financial Forum — NYSE floor visit highlights October 19–20 gathering focused on collaborationand the value of DCUC membership NEW YORK, NY — Credit union leaders gained direct access to financial-services experts,…
- Enhancing Operational Efficiency: The Role of Odoo in Credit Unions — Odoo's comprehensive suite of tools presents a significant opportunity for credit unions to enhance their operational efficiency through modular design and integration capabilities.
- DCUC Provides Comments to Treasury, Clarifying Credit Union Protections Under GENIUS Act — WASHINGTON, D.C. — The Defense Credit Union Council (DCUC) provided comments to the U.S. Treasury regarding its proposed rulemaking to implement Section 3 of the Guiding and Establishing National…
- DCUC Calls on NCUA to Protect Credit Union Competitiveness — WASHINGTON, D.C. — Following the OCC’s announcement of its final GENIUS Act rule, Jason Stverak, Chief Advocacy Officer of the Defense Credit Union Council (DCUC), issued the following statement:…
- Software Spotlight: Odoo for Credit Unions — Odoo offers a comprehensive suite of tools for credit unions, enhancing operational efficiency through its modular design and integration capabilities.
- NCUA Announces Thirteenth Round of Deregulation Proposals — Alexandria, VA (October 20, 2026) ― The National Credit Union Administration today announced the thirteenth round of proposed regulatory changes associated with NCUA’s Deregulation Project. The…
- Key Highlights from the Credit Union Sector: Advocacy, Funding, and AI's Role in Hiring — This week's community roundup provides insights into significant developments within the credit union industry, focusing on advocacy initiatives, funding opportunities, and the evolving impact of AI…
- DCUC Responds to President Trump’s Remarks at Kansas Rally on Durbin-Marshall Legislation — WASHINGTON, D.C. — The Defense Credit Union Council (DCUC) is responding to President Donald Trump’s comments on the Durbin-Marshall Credit Card Competition Act at tonight’s rally in Kansas.…
- Community Roundup: Key Highlights from the Credit Union Industry — This week's roundup covers important events and developments in the credit union sector, including advocacy efforts, funding opportunities, and the impact of AI on hiring practices.
- DCUC Calls for Explicit NCUSIF Parity as Congress Considers Higher Insurance Limits — WASHINGTON, DC – The Defense Credit Union Council (DCUC) sent a letter to Representative Josh Gottheimer (D-NJ) supporting the objective of higher federal insurance protection and requesting…
- CEO Update: Rethink Everything — How to turn an existential threat into a new beginning PART 1 Over the past three years, DCUC has overcome several challenges and tests to its existence. The experience tested our resilience, forced…
- Comment Period Open for 2027-Q1 Call Report Form Changes — Alexandria, VA (October 16, 2026) ― The National Credit Union Administration (NCUA) recently published a Federal Register Notice requesting comments on proposed Call Report Form changes for the…
- Reminder: Upcoming Financial Counselors Roundtable — Join us for the Financial Counselors Roundtable at the MD|DC Credit Union Association Training Center on October 15, 2026. This event is essential for credit union professionals looking to enhance…
- Advocacy in Action: Advocacy Has to Be Part of Our DNA — We cannot be effective advocates if advocacy lives only in the CEO’s inbox. It has to become part of how our credit unions work, how we prepare our people, and how we listen to members. In other…
- Grant Funds Available to Low-Income Credit Unions Affected by Hurricanes — Alexandria, VA (October 15, 2026) ― Low-income-designated credit unions affected by natural disasters, including hurricanes, flooding, and other severe weather events, can apply for grants through…
- DCUC Expands Regulatory Advocacy and Member Compliance Support with Elizabeth Eurgubian of Atlas Advocacy — WASHINGTON, D.C. – The Defense Credit Union Council (DCUC) is expanding its regulatory advocacy role with Elizabeth Eurgubian, Partner at Atlas Advocacy, adding new compliance-focused services…
- AI Agents Reshape Bank Hiring As Demand For New Skills Explodes — NEW YORK — Wall Street banks are accelerating artificial intelligence hiring as their focus shifts from chatbots to AI agents capable of carrying out more complex work across trading, compliance and…
- CU Executive Welcomes NCUA Stablecoin Reporting Plan, But Warns Of ‘Stablecoin Mania’ — ST. CLOUD, Minn.—As the NCUA moves to establish new reporting requirements for credit unions involved in stablecoin activities, one credit union executive says the proposal is a welcome development,…
- ABA Relaunches Anti-Scam Campaign With Focus On AI, Deepfakes — WASHINGTON—The American Bankers Association has relaunched its #BanksNeverAskThat consumer education campaign with a new “Scam Slayer” initiative and an increased focus on scams involving artificial…
- The Student Loan Payment Divide: $258 In One State, $160 In Another — MIAMI—Median monthly student loan payments vary by nearly $100 depending on where borrowers live, with Vermont recording the highest payment and Wyoming the lowest, according to a new analysis from…
- Impact of Rising Mortgage Rates on Credit Unions — The recent increase in mortgage rates across 37 states poses significant challenges and opportunities for credit unions. Understanding these dynamics is crucial for strategic decision-making.
- Mortgage Rates Hit Nearly 3-Year High As Loan Applications Fall Again — WASHINGTON—Mortgage applications declined 2.7% last week as the average 30-year fixed mortgage rate climbed to 7.50%, its highest level since November 2023, according to the Mortgage Bankers…
- NCUA Takes Aim At More Regulatory Red Tape In 12th Round Of Proposed Changes — WASHINGTON—The NCUA is proposing to ease requirements governing credit union fidelity bond coverage, streamline the process for federal credit unions seeking approval to exercise new powers, and…
- DCUC Urges Congress To Lift CU Lending Barrier For Veterans, Cites Military Readiness — WASHINGTON—Wednesday the Defense Credit Union Council called on Congress to include the bipartisan Veterans Member Business Loan Act (H.R. 507/S. 110) in the Fiscal Year 2027 National Defense…
- Illinois AG Appeals Ruling Shielding Federal Credit Unions From Interchange Law — WASHINGTON--In a new court filing, the Illinois Attorney General Kwame Raoul filed a notice of appeal to the Seventh Circuit Court of Appeals following the district court’s ruling that prevents the…
- Regulatory Relief Tops Agenda As NCUA’s Crews Meets With America’s Credit Unions Leaders — WASHINGTON--The first official meeting between NCUA Chairman John Crews and America’s Credit Unions leaders Tuesday largely focused on agency actions the NCUA can take to provide regulatory relief…
- DCUC, On Behalf of Credit Unions, Calls for Inclusion of Veteran Member Business Loan Legislation in Final National Defense Bill — WASHINGTON, DC – Today, the Defense Credit Union Council (DCUC) has called on Congress to include the bipartisan Veterans Member Business Loan Act (H.R. 507/S. 110) in the Fiscal Year 2027 National…
- NCUA Announces Twelfth Round of Deregulation Proposals — Alexandria, VA (October 14, 2026) ― The National Credit Union Administration today announced the twelfth round of proposed regulatory changes associated with NCUA’s Deregulation Project. The project…
- Mortgage Rates Rise In 37 States In Second Quarter — MIAMI—Mortgage rates increased in 37 states during the second quarter, with Mississippi, Colorado and Tennessee posting the largest increases, according to a new analysis from WalletHub. Using its…
- Warren Questions Whether Wall Street Got Special Access To Fed Report On SVB Collapse — WASHINGTON—Sen. Elizabeth Warren (D-MA) is demanding answers from Federal Reserve officials over reports that a prominent Wall Street law firm and other private parties received advance copies of an…
- DOJ Orders More Aggressive Fraud Crackdown, Including Asset Seizures Before Indictments — WASHINGTON—The Department of Justice is directing federal prosecutors to take a more aggressive approach to fraud investigations, including seizing assets before indictments, shutting down digital…
- Bank Of America Hit With $1.21 Billion In Treasury Penalties Over Money Laundering, Sanctions Failures — WASHINGTON—The U.S. Treasury Department has announced enforcement actions imposing more than $1.21 billion in penalties against Bank of America for violations of anti-money laundering and sanctions…
- MSUFCU, UFCU Announce Merger To Create $13.5-Billion Credit Union — EAST LANSING, Mich.—Two of the nation's largest university-affiliated credit unions are joining forces in a merger that would create a $13.5-billion institution serving more than 850,000 members…
- Megabank Profits Fuel Renewed Push For Credit Card Swipe Fee Reform — WASHINGTON—With three of the nation's largest credit card issuing banks reporting billions of dollars in third-quarter profits, including a 40% earnings increase at Citigroup, the Merchants Payments…
- DCUC, America’s Credit Unions Join Push To Shape New Appraisal Standards — WASHINGTON--The Defense Credit Union Council, America’s Credit Unions, and several joint trade associations have provided recommendations to the Federal Housing Finance Agency, Department of Housing…
- Christina Mullins Named 2026 CUES Emerging Leader — MADISON, Wis. -- Christina Mullins, senior lending resources specialist, State Employees' CU, North Carolina, has been named the 2026 CUES Emerging Leader. As one of five finalists, Mullins’ journey…
- Software Spotlight: Brevo - Elevate Your Marketing Strategy — Discover how Brevo can enhance your credit union's marketing efforts with its comprehensive suite of tools designed for email, SMS, and campaign management.
- Nacha Takes Aim At First-Party Fraud, Seeks Credit Union Input On New ACH Rules — WASHINGTON--Nacha, which governs the automated clearinghouse (ACH) network, is seeking information and feedback on first-party fraud, America's Credit Unions reported. Respondents, including credit…
- 53 Credit Union Leaders Earn CUDE Designation In Foundation’s Final In-Person Class of 2026 — MADISON, Wis. – The National Credit Union Foundation has named 53 leaders from across the United States as the newest Credit Union Development Educators (CUDEs) of 2026. The group earned their…
- Tennessee, Mississippi Credit Union Groups Unveil New Name — NASHVILLE, Tenn.—The newly merged Tennessee and Mississippi credit union trade associations have unveiled a new name, AnchorPoint Credit Union Association, creating a unified advocacy organization…
- DCUC, Joint Trade Associations Engage Government Agencies on Reconsideration of Value — WASHINGTON, DC – The Defense Credit Union Council (DCUC) and several joint trade associations have provided recommendations to the Federal Housing Finance Agency, Department of Housing and Urban…
- Dead People, Missing Money: Credit Union Employee Accused Of Stealing More Than $28K — BETTENDORF, Iowa—An employee of IH Mississippi Valley Credit Union is accused of stealing more than $28,000 from seven member accounts, six belonging to deceased individuals, according to court…
- Rising Loan Delinquency Rates: Implications for Credit Unions — A recent Federal survey reveals that nearly one in five American families are behind on loan payments, marking the highest delinquency rate since 2010. This trend raises significant concerns for…
- Younger Generations Start Building Wealth Earlier, But Homeownership Slips Out Of Reach — MINNEAPOLIS—Gen Z and Millennials are beginning to build wealth years earlier than older generations did, but many feel they are falling behind financially and are increasingly looking beyond…
- Interra CU Completes Acquisition Of Ohio Bank, Adds Four Branches — GOSHEN, Ind.—The $2-billion Interra Credit Union has completed its acquisition of The Hicksville Bank in Hicksville, Ohio, after receiving all required regulatory approvals, expanding the credit…
- Fed Survey Finds Nearly 1 In 5 Families Behind On Loan Payments, Highest Level Since 2010 — WASHINGTON—Nearly one in five American families reported being behind on loan payments in 2025, a sharp increase from just three years earlier and the highest level since 2010, according to a new…
- Polis Praises Credit Unions At MAXX After Interchange Veto; CU4Kids Raises $1.53 Million — DENVER—Colorado Gov. Jared Polis, whose veto of controversial interchange legislation earlier this year handed credit unions a major legislative victory, praised the role of credit unions in serving…
- Harnessing Peer Insight: The Value of Community in Credit Unions — Credit union leaders can enhance their decision-making and software selection processes by engaging with peers in the Credit Union Central community.
- Trump Launches New Effort To Oust Fed Governor Lisa Cook, Orders White House Inquiry — WASHINGTON—President Donald Trump has established a committee of inquiry to investigate whether Federal Reserve Governor Lisa Cook made false statements on mortgage documents, opening a new front in…
- BlastPoint, P1FCU To Examine How to Turn Single-Product Members Into Deeper Relationships — PITTSBURGH—BlastPoint and Idaho-based P1FCU will host a free online roundtable Oct. 22 examining how credit unions can convert single-product members into deeper relationships by identifying which…
- Fed Cites Money Laundering Failures At American Express; OCC Imposes $350-Million Fine — WASHINGTON—The Federal Reserve has issued an enforcement action against American Express for failing to adequately detect, investigate and report suspicious activity potentially related to money…
- Warren Demands Answers Over NCUA's Two Weeks Without A Single Board Member — WASHINGTON—Senate Banking Committee Ranking Member Elizabeth Warren (D-MA) is demanding answers about how the NCUA operated for two weeks this summer without a single sitting board member, raising…
- ACU, Banking Groups Seek Lame-Duck Vote On Bill To Curb FCRA Litigation — WASHINGTON--When lawmakers return to Capitol Hill in November for the lame duck session, America’s Credit Unions and other trade groups are asking representatives to bring the FCRA Liability Act to…
- First Responders CU, Lynn Firemen’s FCU Announce Merger — BOSTON—First Responders Credit Union and Lynn Firemen’s Federal Credit Union have announced plans to merge, creating a combined organization with approximately $470 million in assets and 13,500…
- Upcoming MBA Annual Conference: A Must-Attend for Mortgage Professionals — Join industry leaders at the MBA Annual Conference in Chicago on October 11, 2026, for keynotes, sessions, and networking opportunities.
- Crypto Firms Seek OCC Charters Even As ICBA Challenges Agency In Court — WASHINGTON—Crypto and payments companies continue lining up for national trust bank charters even as community bankers challenge the Office of the Comptroller of the Currency’s authority to grant…
- These Banks Are Leading The AI Race—But Where’s The Payoff? — LONDON— JPMorganChase, Capital One and Royal Bank of Canada remain the three global leaders in banking artificial intelligence as AI deployment across the industry accelerates sharply, according to…
- Mortgage Rates Climb To 7.40%, Up More Than A Full Point From Year Ago — MCLEAN, Va.—Mortgage rates continued climbing this week, with the average 30-year fixed-rate mortgage reaching 7.40%, up from 7.28% a week earlier and significantly higher than a year ago, according…
- Stablecoins Bring New Opportunities, New Scrutiny As NCUA Proposes Reporting Rules — ALEXANDRIA, Va.—The NCUA is proposing to require federally insured credit unions to disclose their involvement in payment stablecoin activities through a new section of their quarterly Call Reports,…
- DCUC And Scott Credit Union Address Future Of Member Service At DCUC Midwest Sub-Council Conference — ST. LOUIS—Artificial intelligence, fraud prevention, regulatory changes and the future of credit unions were among the key issues discussed by Midwest credit union leaders during the Defense Credit…
- HUD Investigates Wells Fargo Over $60 Billion Effort To Boost Black Homeownership — WASHINGTON—The Department of Housing and Urban Development has launched an investigation into whether Wells Fargo violated federal fair-lending laws through mortgage programs designed to increase…
- Credit Unions, Other Groups Urge Regulators To Simplify Appraisal Disputes — WASHINGTON--Together with other organizations, America’s Credit Unions and the Defense Credit Union Council sent a letter to federal housing regulators on implementing provisions to modernize the…
- Former CU CEO Pleads Guilty In $2.3M Fraud Scheme — DALLAS— Jonathan Salcedo, the former CEO of Carrollton, Texas-based Valwood Park Federal Credit Union, has pleaded guilty in a fraud conspiracy that resulted in more than $2.3 million in losses,…
- CFPB Finds Few Problems As ‘Expedited’ Reviews Surge — WASHINGTON—The Consumer Financial Protection Bureau gave largely clean reviews to most companies it examined earlier this year, with more than half receiving an expedited review that typically…
- FDIC’s Hill Defends Narrower Standard For Supervisory Criticism — ST. LOUIS—Federal Deposit Insurance Corp. Chairman Travis Hill defended recently adopted changes to bank supervision Tuesday, arguing that a narrower standard for supervisory criticism will focus…
- Ohio Ranks Among States With Heaviest Student Debt Burdens — MIAMI--Ohio has one of the nation’s heavier student loan burdens, ranking seventh overall in WalletHub’s 2026 analysis of student debt as outstanding balances nationwide have climbed above $1.72…
- RBFCU Completes True Sky Merger, Expands Into Oklahoma — LIVE OAK, Texas — Randolph-Brooks Federal Credit Union has completed its merger with Oklahoma City-based True Sky Federal Credit Union, giving the $19.6-billion RBFCU its first presence in Oklahoma.…
- Bank Board Must Face Shareholder Claims It Tried to Block Its Own Removal — TAMPA, Fla.—A federal judge has refused to dismiss a shareholder lawsuit accusing the board of First National Bank of Pasco and its parent of changing corporate rules to protect directors from…
- Fed Minutes Point To Another 2026 Rate Hike, But October Move Looks Unlikely — WASHINGTON—Federal Reserve policymakers broadly agreed another interest rate increase will probably be needed before year-end, but minutes released Wednesday offered little indication officials are…
- Stang to Credit Unions: Move Faster, But Don’t Innovate Away What Makes You Different — DENVER — Credit union professionals from Alaska, Arizona, California, Colorado, Idaho, Indiana, Michigan, Oregon, New Hampshire, South Dakota, Texas, Utah, Washington, and Wyoming are gathering this…
- America’s Credit Unions Launches Cybersecurity Hub To Help Credit Unions Protect Members, Institutions — WASHINGTON— October is Cybersecurity Awareness Month, but protecting 146 million Americans from fraud and scams is a year-round priority for credit unions, America’s Credit Unions noted. To ensure…
- Legal Challenges in the Credit Union Sector: The Case Against Fiserv — Marshall Community Credit Union's lawsuit against Fiserv raises critical questions about cybersecurity and contract obligations in the credit union technology space.
- 7.49% Mortgage Rate Sends Applications Lower, Refis Tumbling — WASHINGTON—Mortgage applications fell 4.2% from the previous week as the 30-year fixed mortgage rate climbed to its highest level in nearly three years, according to the Mortgage Bankers…