Credit Union News — January 2026
Credit union industry reporting published in January 2026.
- NCUA to Remain Open, Credit Union Members’ Shares Insured, During Partial Federal Government Shutdown — ALEXANDRIA, VA (January 31, 2026) – The National Credit Union Administration will remain open and individual accounts will remain federally insured during the partial federal government shutdown.…
- Senate Passes Funding Stopgap Deal, But Brief Shutdown Looms as House Waits — WASHINGTON--The Senate on Friday evening approved a compromise spending package aimed at averting a prolonged government shutdown, though a brief partial shutdown is still expected to begin early…
- Connection Credit Union Joins Defense Credit Union Council — WASHINGTON--The $38-million Connection Credit Union has become the newest member of the Defense Credit Union Council, the trade group announced. “Becoming a member of DCUC is a natural step for…
- SEC Names Kyle Hauptman To PCAOB Board — WASHINGTON—The Securities and Exchange Commission on Friday announced the appointment of NCUA Chairman Kyle Hauptman to the board of the Public Company Accounting Oversight Board (PCAOB)—placing the…
- Shutdown Risk Rising As Senate Snags Deepen; Brief Funding Lapse Now Likely — WASHINGTON—As of Friday afternoon, a partial U.S. government shutdown appears increasingly likely at midnight, even as Senate leaders say they are edging closer to a deal. While negotiators reached…
- made earlier this year — WASHINGTON — President Donald Trump said he will nominate former Federal Reserve Governor Kevin Warsh to succeed Jerome Powell as chair of the central bank, elevating a longtime GOP economic figure…
- Waller Calls For Rate Cut, Citing Weak Labor Market And Limited Inflation Risk — WASHINGTON — Federal Reserve Governor Christopher J. Waller said he dissented at the most recent Federal Open Market Committee meeting after concluding a 25-basis-point rate cut was warranted,…
- CFPB To Restart Exams In 2026, But With Sharply Reduced Scope And All-Virtual Reviews — WASHINGTON—The Consumer Financial Protection Bureau plans to resume examinations in 2026, but at a dramatically lower volume and with a narrower scope, Bloomberg Law reports. CFPB examiners…
- RBFCU, True Sky FCU Agree To Merge In Cross-State Deal — LIVE OAK, Texas — Randolph-Brooks Federal Credit Union here and True Sky Federal Credit Union have agreed to merge, a move that would combine the two institutions under the Randolph-Brooks Federal…
- State Employees’ CU Director Steps Down After Policy Disputes — RALEIGH, N.C. — Barbara Perkins has resigned from the board of the $57-billion State Employees’ Credit Union ahead of the end of her three-year term in October, Business North Carolina reported. In…
- Trump Moves To Install Kevin Warsh At Helm Of Federal Reserve — WASHINGTON — President Donald Trump said he will nominate former Federal Reserve Governor Kevin Warsh to succeed Jerome Powell as chair of the central bank, elevating a longtime GOP economic figure…
- Funding Deal In Hand, But Senate Roadblock Raises Shutdown Odds — WASHINGTON — President Donald Trump and Senate Democrats have reached an agreement to fund the federal government ahead of Friday’s midnight deadline to avert a partial shutdown, but the Senate’s…
- Chairman Hauptman’s Statement on Appointment to PCAOB — ALEXANDRIA, VA (January 30, 2026) – National Credit Union Administration Chairman Kyle S. Hauptman issued the following statement after being named as a member of the Public Company Accounting…
- Late-Night Government Funding Deal Appears To Be Coming Together As Shutdown Nears — WASHINGTON — Late Thursday night, as the Senate prepared to work past midnight in a last-ditch effort to avert a partial government shutdown, President Donald Trump and Senate Democrats said they…
- Mortgage Rates Remain Lower And Steady — MCLEAN, Va.--The 30-year fixed-rate mortgage remained low this week, averaging 6.10%, Freddie Mac reported. “Mortgage rates remain near their lowest levels in three years, which is encouraging for…
- Senate Blocks Major Funding Package As DHS Dispute Raises Shutdown Risk — WASHINGTON--Eight Senate Republicans joined all Democrats on Thursday to block a sweeping six-bill government funding package, heightening the risk of a partial federal shutdown as lawmakers race to…
- Crypto Regulation Bill Clears Senate Ag Panel Without Bipartisan Support Or CCCA — WASHINGTON--The Senate Agriculture Committee on Thursday advanced a sweeping cryptocurrency market structure bill on a 12–11 party-line vote, sending the legislation to the full Senate without…
- Google Expands AI Agent Capabilities In Chrome, Raising New Implications For Banks And Digital Finance — MOUNTAIN VIEW, Calif.--Google is rolling out a new artificial-intelligence feature in its Chrome browser that allows an AI agent to browse the web and complete multi-step tasks on a user’s behalf —…
- Rise Analytics Starts 2026 With Strong Growth, Adding 7 New CUs And Renewing 20 Partnerships — TAMPA--Rise Analytics, a wholly owned subsidiary of Trellance, began 2026 with strong market momentum, signing seven new credit unions in Q4 2025 and early 2026, while securing renewals with twenty…
- Mortgage Application Payments Decreased In December — WASHINGTON – Homebuyer affordability improved slightly in December, with the national median payment applied for by purchase applicants decreasing to $2,025 from $2,034 in November. This is…
- Major Labor Unions Back Credit Card Competition Act, Urge Senate Not To Drop Swipe-Fee Reform — WASHINGTON — Four of the nation’s largest labor unions have endorsed the Credit Card Competition Act (CCCA), urging the Senate Agriculture Committee not to sideline credit card swipe-fee reform as…
- Former CEO Seeks Court Order To Reverse NCUA Conservatorship Of People Trust Community FCU — NORTH LITTLE ROCK, Ark.--A former executive of People Trust Community FCU has asked a federal court to lift NCUA’s conservatorship of the $3.3-million People Trust Community FCU here, arguing the…
- Trump, Treasury Unveil New Details On Trump Accounts As ACU Presses For CU Inclusion — WASHINGTON--President Donald Trump and Treasury Secretary Scott Bessent detailed further information about Trump Accounts during a launch event for the program Wednesday. A microsite also launched…
- CFPB To Use Full Rulemaking Process For Section 1033 Rewrite — WASHINGTON--Reports in Bloomberg Law indicate the CFPB will go through the full rulemaking process on Section 1033. The Bureau’s initial plan was to issue an interim final rule (IFR) to revise its…
- DCUC Backs NCUA Regulatory Relief Push In Four Comment Letters — WASHINGTON--This week, the Defense Credit Union Council submitted four comment letters to NCUA in response to the agency’s first round of regulatory relief proposals. DCUC’s letters collectively…
- Capital Corner: 2026 Grab Bag — As 2026 begins, there are several holdover credit union regulatory and judicial issues on the docket from last year that DCUC is working on.Here’s a quick overview: CFPB Funding Still Hangs in the…
- NCUA To Host Webinar On 2026 Supervisory Priorities — ALEXANDRIA, Va.-- NCUA will host a free, one-hour webinar on Thursday, Feb. 19, at 2 p.m. ET to discuss its 2026 supervisory priorities, the agency announced. The webinar will explain the 2026…
- Federal Reserve Keeps Rates Steady As Inflation Remains Elevated, Risks Persist — WASHINGTON— In a widely anticipated move, the Federal Reserve Wednesday held its benchmark federal funds rate steady at a target range of 3.5% to 3.75%, citing continued solid economic activity, low…
- Vizo Financial Recaps Successful Year Of Credit Union Education In 2025 — GREENSBORO, N.C.--Vizo Financial Corporate Credit Union continued to prioritize credit union education in 2025. A record number of events held, heightened attendance and the completion of the…
- GM Earnings Slide As EV Write-Downs Add To Signs Of Cooling Electric-Vehicle Demand — DETROIT — General Motors posted weaker 2025 earnings, citing slipping revenue and multibillion-dollar electric-vehicle charges — another signal of softening EV demand in the U.S. market. GM said…
- Shutdown Risk Rises As Congress Nears Funding Deadline — WASHINGTON — Senate Republicans and Democrats are entering a critical round of in-person negotiations Wednesday aimed at averting a partial government shutdown before federal funding expires at…
- Mortgage Applications Decrease In Latest MBA Weekly Survey — WASHINGTON — Mortgage applications decreased 8.5% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending Jan.…
- DOJ Adds 31 Defendants In Tren de Aragua ATM Jackpotting Case Targeting Banks, Credit Unions — OMAHA, Neb. — Federal prosecutors have expanded a sweeping investigation into an international ATM jackpotting conspiracy tied to Tren de Aragua (TdA), adding 31 more defendants in a third Nebraska…
- View From the Board: AI in Business - How Organizations Can Prepare for the Future — Provided by Frank Padak, DCUC Board 1st Vice Chair and President/CEO of Scott CU Artificial Intelligence (AI) is no longer a futuristic concept— it’s a present-day reality reshaping industries…
- DCUC Submits Four Comment Letters Supporting NCUA Regulatory Relief Proposals — WASHINGTON, DC – This week, the Defense Credit Union Council (DCUC) submitted four comment letters to the National Credit Union Administration (NCUA) in response to the agency’s first round of…
- FiCare FCU Sues Fiserv Over Alleged Security Failures, Mid-Contract Fee Hike — TAMPA, Fla. —The $79-million FiCare FCU here filed a lawsuit against Fiserv Tuesday, alleging Fiserv failed to secure its online banking platform, Virtual Branch Next, and then attempted to charge…
- Jeanne D’Arc CU Teams Up With Patriots’ Marcus Jones To Tackle Financial Wellness — LOWELL, Mass.-- Jeanne D’Arc Credit Union is expanding its financial education outreach by continuing its “Tackling Financial Wellness” campaign in partnership with New England cornerback and punt…
- Winter Storm Fern Is Freezing More Than Roads—It’s Fueling A New Wave Of Payment Fraud — CLEARWATER, Fla.—As Winter Storm Fern crippled travel, knocked out power, and disrupted commerce across the U.S., payments and fraud experts warn the storm is triggering a surge in risky…
- Affirm, Esusu Pilot Rent Split Program With 0% Interest — NEW YORK — Buy now, pay later provider Affirm has partnered with fintech firm Esusu to pilot a new option allowing some renters to split monthly rent payments into two installments, PYMNTS reported,…
- Consumer Confidence Plunges In January, Raising Recession Concerns — WASHINGTON— U.S. consumer confidence plunged in January to its lowest level in more than a decade, signaling growing anxiety about economic conditions and the outlook for jobs and income, according…
- Catalyst Opens Registration For 2026 Strategic Summit for Credit Union Leaders — PLANO, Texas— Catalyst has opened registration for its 2026 Strategic Summit, scheduled for Sept. 22–24 at Lost Pines Resort & Spa near Austin, Texas. The event is geared toward credit union…
- Arizona Lawmakers Move To Shield Cryptocurrency From Property Taxes — PHOENIX— Arizona lawmakers are advancing legislation that would exempt cryptocurrency from property taxes, pushing forward a dual-track effort that could cement statewide tax relief for digital…
- Zelle Adds 337 Community Banks And Credit Unions in 2025 — NEW YORK— Zelle said it expanded access to real-time payments in 2025 by onboarding hundreds of new community banks and credit unions, widening availability for smaller financial institutions and…
- Kemba Credit Union Selects Velera For Debit And Credit Card Processing Support — TAMPA-- Velera announced it will provide Kemba Credit Union with debit and credit card processing services and support. Founded in 1934 and headquartered near Cincinnati, Kemba serves more than…
- Mastercard Launches Agentic AI Suite Aimed At FIs, Merchants, And Payments Ops — PURCHASE, N.Y.--Mastercard is rolling out a new Agent Suite designed to help financial institutions and merchants deploy agentic AI across payments, customer engagement, and product delivery, as…
- Citigroup Hit With Lawsuit Alleging Sexual Harassment And Gender Bias At Top Levels — NEW YORK — Citigroup has been sued by a former managing director who alleges she was pushed out of the bank after experiencing sexual harassment from a senior executive, Reuters reported. Julia…
- ACU Presses IRS For Clearer Guidance On Proposed 1098-VLI Vehicle Loan Interest Form — WASHINGTON--Urging the IRS to clarify instructions, prioritize standardized electronic reporting, and ease compliance requirements, America’s Credit Unions sent a comment letter about the proposed…
- Advocacy in Action: Don’t Cap Our Heroes’ Credit: Why a 10% Rate Cap Hurts Military Families — For anyone struggling with credit card bills, the idea of capping interest rates at 10% might sound like a welcome relief, but as an advocate for America’s military families and the credit unions…
- DCUC Engages Senate Leadership on Potential Government Shutdown — Calls for Legislation to Protect Pay and Financial Servicesfor Military Communities WASHINGTON, DC – Today, the Defense Credit Union Council (DCUC) sent a letter to Senate Majority Leader John Thune…
- NCUA Announces 2026 Leadership Team — ALEXANDRIA, VA (January 27, 2026) – The National Credit Union Administration today announced the names of its executive leadership team, which will support the agency’s mission of enabling access to…
- NCUA Announces Fourth Round of Deregulation Proposals — Alexandria, VA (January 27, 2026) – The National Credit Union Administration today announced the fourth round of proposed regulatory changes associated with NCUA’s Deregulation Project. The project…
- Double Whammy: Rate-Cap Push And ‘All-In’ Pricing Could Reshape Credit Cards — WASHINGTON—As Congress debates renewed proposals to cap credit card interest rates, Defense Credit Union Council President and CEO Anthony Hernandez is urging lawmakers to reject not only a…
- Ex-Credit Union Worker Charged In Scheme Targeting Accounts of Deceased Members — EUGENE, Ore. — A former employee of Peak Credit Union — previously known as Northwest Community Credit Union — has been arrested in connection with an alleged scheme involving fraudulent activity…
- Non-Traditional Payment Method Acceptance And Customer Surcharges Grow Significantly At U.S. Small Businesses, J.D. Power Finds — TROY, Mich.— Rising consumer interest in digital wallets, debit and credit cards, BNPL and even cryptocurrency has small business owners accepting more forms of payment than ever before, which puts…
- $600M Embold Credit Union Names Rani Khouri CEO After Interim Tenure — MILWAUKIE, Ore. — The $600-million Embold Credit Union has appointed Rani Khouri as chief executive officer following his tenure as interim CEO, the credit union announced. The appointment reflects…
- California DFPI Fines Nexo $500K For Unlicensed Crypto-Backed Lending — SACRAMENTO, Calif.—The California Department of Financial Protection and Innovation has ordered Nexo Capital Inc. to pay $500,000 in penalties after determining the company violated state financial…
- FDIC Clears Ford, GM To Launch Utah Industrial Banks — WASHINGTON — The FDIC has approved deposit insurance applications from Ford Motor Company and General Motors Company, clearing the way for the creation of Ford Credit Bank and GM Financial Bank as…
- PNC Music Pavilion Renamed Truliant Amphitheater In New Naming Rights Deal — CHARLOTTE, N.C. — The concert venue long known as the PNC Music Pavilion is being renamed Truliant Amphitheater under a new naming rights agreement with Truliant Federal Credit Union, according to…
- Affirm Seeks Nevada Bank Charter, Signaling Deeper Push Into Traditional Banking — SAN FRANCISCO—Buy now, pay later provider Affirm Holdings has applied for a bank charter in Nevada, marking its latest move to expand deeper into traditional banking services, Payments Dive…
- Marshall Backs Off Credit Card Competition Act Push, But Industry Stays On Guard — WASHINGTON— Credit unions won a reprieve in their fight against the Credit Card Competition Act (CCCA) after Sen. Roger Marshall (R-KS) agreed not to offer his proposed swipe-fee amendment during…
- CCCA Fight Reignites As Storm Delays Senate Markup And Shutdown Clock Ticks — WASHINGTON—As Winter Storm Fern disrupts travel in the nation’s capital, credit union leaders are ramping up advocacy efforts amid rising risks tied to both a revived Credit Card Competition Act…
- Merchants Urge Senate To Attach Credit Card Competition Act To Crypto Bill — WASHINGTON — The Merchants Payments Coalition and hundreds of retail and business groups are urging the Senate Agriculture Committee to include the Credit Card Competition Act (CCCA) in pending…
- No Clear Path to Avoid Shutdown As House Is Away And Storm Disrupts Senate — WASHINGTON— With the House in recess and Winter Storm Fern disrupting travel and operations across much of the country, there is now little to no realistic path to modify and enact the pending…
- DCUC Presses Thune, Schumer To Fund Government By Jan. 30, Warns Of Risks To Military Families — WASHINGTON--The Defense Credit Union Council Sunday sent a letter to Senate Majority Leader John Thune and Senate Minority Leader Chuck Schumer urging Congress to pass legislation funding the…
- Member Files $5M Class-Action Against Ellafi FCU After Data Breach — MIDDLETOWN, Conn. — A Connecticut resident has filed a proposed class-action lawsuit against $175-million Ellafi FCU, alleging the Middletown-based credit union failed to adequately protect member…
- Unusual Twist In Generations FCU Breach Case: Director Objects, Judge Approves Deal Anyway — SAN ANTONIO—A state judge has approved a final settlement in a class-action lawsuit over a 2022 data breach at Generations FCU here, a case that drew scrutiny after a sitting board member objected…
- DCUC Urges Senate To Block Credit Card Competition Act As CCCA Threat Reemerges — WASHINGTON—As the Credit Card Competition Act (CCCA) reemerges as a credible legislative threat, the Defense Credit Union Council moved quickly to push back, urging Senate leaders to block what it…
- DCUC Urges Senate Agriculture Committee to Reject Durbin–Marshall Amendment in Digital Assets Markup — WASHINGTON, DC – The Defense Credit Union Council (DCUC) urging Senate Agriculture Committee Chairman John Boozman and Ranking Member Amy Klobuchar to reject any effort to include the Credit Card…
- Long-Stalled Credit Card Competition Act Moves Forward In Senate Clarity Act Markup — WASHINGTON—A long-stalled bipartisan push to boost competition in the credit card market moved closer to becoming law late Friday, as Sens. Roger Marshall (R-KS) and Dick Durbin (D-IL) advanced a…
- Warren Signals Credit Card Cap Is Legislatively Viable, Slams CFPB Inaction — WASHINGTON—Sen. Elizabeth Warren on Thursday accused the Consumer Financial Protection Bureau’s acting leadership of undercutting President Trump’s call for a one-year 10% cap on credit-card…
- Winter Storm Threatens Senate Funding Sprint As Shutdown Deadline Nears — WASHINGTON--U.S. senators could be headed into a compressed and unpredictable workweek as they race to finalize the remaining six federal funding bills, with party leaders likely needing to exert…
- Dow Credit Union To Return $18M+ To Members In 45th Annual Giveback — MIDLAND, Mich. — Dow Credit Union is returning more than $18 million to members through its Annual Member Giveback program, with qualifying payouts starting this month, WSGW reported. The…
- NCUA Releases Federal Credit Union Operating Fee Schedule For 2026 — ALEXANDRIA, Va. — TNCUA has officially released its 2026 operating fee schedule, confirming that federal credit unions will see an average operating fee reduction of about 24.65% this year, the…
- House Panel Moves Forward On Reporting Threshold Modernization As Credit Unions Push Back on Rate Cap Proposals — WASHINGTON--Reporting threshold modernizations important to credit unions moved forward as the House Financial Services Committee voted to advance two bills Thursday, America’s Credit Unions…
- DCUC Responds to Senator Warren's Letter on Credit Card Rate Cap — WASHINGTON, DC – The Defense Credit Union Council (DCUC) has issued a letter to Senator Elizabeth Warren following her January 23 letter regarding proposals to cap credit card interest rates and…
- NCUA Conserves Beverly Hills City Employees FCU — BEVERLY HILLS, Calif.--NCUA Thursday placed $16.5-million Beverly Hills City Employees FCU here into conservatorship, the agency reported. NCUA said it placed BHCEFCU into conservatorship because of…
- EV Slowdown, Chip Risks, Tariff Shifts: Why 2026 Could Be A Pivotal Year For Auto Lenders — NEW YORK--U.S. auto lenders face a more complicated lending environment in 2026 as electric-vehicle growth stalls domestically, supply-chain risks persist, and automakers recalibrate production and…
- Broc Sleek Tapped To Lead CHROME FCU, Succeeding Longtime CEO Robert Flanyak — CANNONSBURG, Pa. — Broc Sleek has been named president and chief executive officer of CHROME FCU, effective Feb. 2, succeeding longtime CEO Robert Flanyak, who will retire in April after a decade at…
- 10% Credit Card Rate Cap Push Reaches HFSC Markup, Signaling Real Legislative Threat — WASHINGTON—The threat of a 10% credit card interest rate cap moved from rumor to reality Thursday, after Rep. Maxine Waters (D-CA) offered a rate-cap amendment during the House Financial Services…
- Credit Union, Banking Groups Urge Congress To Reject Credit Card Competition Act, Durbin Expansion — WASHINGTON —A coalition of credit union and banking groups Thursday sent a joint letter to members of Congress strongly opposing the Credit Card Competition Act and any expansion of the Durbin…
- Mortgage Rates Remain The Lowest In Three Years — MCLEAN, Va.--The 30-year fixed-rate mortgage remained low this past week, averaging 6.09%, Freddie Mac reported. “With the economy improving and the average 30-year fixed-rate mortgage nearly a…
- NCUA Moves To Ease Childcare, Eldercare Burden For Volunteer Credit Union Board Members — ALEXANDRIA, Va. — NCUA on Thursday proposed a rule that would allow federal credit unions to reimburse volunteer board members for dependent care expenses, aiming to ease the burden of rising…
- Supreme Court Hears Trump v. Cook Case On Fed Governor Removal Authority — WASHINGTON--The U.S. Supreme Court heard oral arguments in Trump v. Cook Wednesday, a lawsuit to determine whether Federal Reserve Governor Lisa Cook can remain in her position while the lower…
- ACU Taps 30 Leaders For New Small Credit Union Advocacy Advisory Panel — WASHINGTON--Thirty small credit union leaders from across the country will elevate the voices of their counterparts in America’s Credit Unions newly launched Small Credit Union Advocacy Advisory…
- ACU, Financial Groups Urge White House To Cut Mortgage Borrower Costs Without Congress — WASHINGTON--Recommendations to lower costs for mortgage borrowers without Congressional action are the focus of a joint letter from America’s Credit Unions and other financial services…
- DCUC Urges HFSC To Reject Rumored 10% Credit Card Rate-Cap Amendment — WASHINGTON—With rumors circulating in Washington overnight that a 10% credit card interest rate cap could be offered Thursday as an amendment during the House Financial Services Committee’s full…
- As HFSC Advances Credit Union Relief Bills, ACU Warns Against Credit Card Rate Cap Amendments — WASHINGTON--The House Financial Services Committee is considering two bills today that would help credit unions by providing important modernizations and asset threshold revisions, America's Credit…
- Beverly Hills City Employees Federal Credit Union Conserved — ALEXANDRIA, VA (January 22, 2026) – The National Credit Union Administration today placed Beverly Hills City Employees Federal Credit Union (FCU) in Beverly Hills, California, into conservatorship.…
- DCUC Alerts Congress to Dangers of 10% Interest Rate Cap — WASHINGTON, DC – Early this morning, the Defense Credit Union Council (DCUC) sent a letter expressing strong opposition to the proposed 10% interest rate cap as an amendment to any legislation…
- DCUC Joins Broad Financial Services Coalition Urging Congress to Reject Durbin-Marshall Bill — WASHINGTON, DC – The Defense Credit Union Council (DCUC) joined a broad coalition of financial services organizations urging Congress to reject the Credit Card Competition Act, also known as the…
- NCUA Board Briefed on Proposed Dependent Care Reimbursement Rule and Central Liquidity Facility Budget — ALEXANDRIA, VA (January 22, 2026) – The National Credit Union Administration (NCUA) held its first Board meeting of 2026 today. The Board heard briefings on a proposed rule for Dependent Care and…
- DCUC Presses HFSC To Elevate Credit Union Priorities As Markup Agenda Omits Key Measures — WASHINGTON--Early Wednesday the Defense Credit Union Council sent a letter ahead of the House Financial Services Committee’s full markup, expressing concern that no credit union-specific legislation…
- Treasury’s Bessent Signals Openness To Scrutinizing Credit Card Practices — DAVOS, Switzerland--U.S. Treasury Secretary Scott Bessent said this week it would be reasonable to examine the practices of credit card companies, signaling openness to a broader review as…
- Citi CEO Doubts Congress Will Back Trump’s Credit Card Rate Cap — NEW YORK— As President Donald Trump presses Congress to consider a cap on credit card interest rates, Citigroup CEO Jane Fraser said this week she does not expect lawmakers to approve such a move,…
- Shutdown Talks Advance as DCUC Warns of ‘Frankenstein’ Credit Card Add-Ons — WASHINGTON — The Defense Credit Union Council is closely tracking a fast-moving week in Washington that could determine whether Congress avoids a government shutdown while also reopening the door to…
- DCUC Pushes Back On Trump’s Latest 10% Credit Card Cap Push, Warns Of Harm To Military Families — WASHINGTON--The Defense Credit Union Council issued a response to President Trump’s recent remarks at the World Economic Forum in Davos, calling for a one-year, 10% cap on credit card interest…
- Trump Revives 10% Credit Card Cap At Davos — WASHINGTON — President Donald Trump renewed his push for a 10% credit card interest-rate cap Wednesday, calling on Congress to impose a one-year limit during remarks at the World Economic Forum in…
- Financial Center First CU Names Ning Duong CEO — INDIANAPOLIS--The $890-million Financial Center First Credit Union has selected Ning Duong to serve as its new CEO. "Financial Center stands on a strong foundation of service, innovation, and…
- White House Sees Crypto Bill Inevitable; DCUC Flags Risk Of Credit Card Add-Ons — WASHINGTON—The long-awaited federal crypto market-structure bill faces renewed uncertainty on Capitol Hill amid political urgency from the White House and industry resistance that has stalled key…
- Credit Unions Invited To Weigh In On H.R. 1 Vehicle Loan Interest Deduction, New IRS Rules — WASHINGTON--Credit unions can provide feedback on the H.R. 1 vehicle loan interest tax deductions via America’s Credit Unions’ latest Regulatory Comment alert. Following advocacy efforts to obtain…
- Trump Executive Order Targets Wall Street Investors In Single-Family Housing Market — WASHINGTON--President Trump Tuesday issued an Executive Order, “Stopping Wall Street from Competing with Main Street Homebuyers,” to prevent large institutional investors from buying single-family…
- Trump Calls For One-Year 10% Credit Card Rate Cap, But No Path to Enforcement Emerges — WASHINGTON—President Donald Trump last week urged credit card issuers to adopt a one-year 10% interest-rate cap on credit cards beginning Jan. 20, framing the move as part of a broader effort to…
- DCUC Urges House Financial Services Committee to Include Credit Union Priorities During Full Markup — WASHINGTON, DC – Earlier today, the Defense Credit Union Council, (DCUC), sent a letter ahead of the House Financial Services Committee’s full markup, expressing concern that no credit…
- The Defense Credit Union Council Responds to President Trump’s Davos Remarks on 10% Interest Rate Cap — WASHINGTON, DC – The Defense Credit Union Council (DCUC), the national association representing over 200 defense-oriented credit unions serving more than 40 million members, has issued a response to…
- The Defense Credit Union Council and The American Legion Urge Swift Bipartisan Passage of Veterans Member Business Loan Act — WASHINGTON, DC – “Passing this bill is about keeping our promise to veterans, honoring their service, and empowering them to succeed as business owners and community leaders,” says the Defense…
- DCUC And American Legion Urge Swift Bipartisan Passage Of Veterans Member Business Loan Act — WASHINGTON– “Passing this bill is about keeping our promise to veterans, honoring their service, and empowering them to succeed as business owners and community leaders,” says the Defense Credit…
- Virginia Beach Man Gets 45 Years for $1.7M Fraud Scheme That Hit Navy Federal Credit Union — NORFOLK, Va. — A Virginia Beach man was sentenced to 45 years in federal prison for orchestrating a sweeping identity-fraud and auto-loan scheme that defrauded Navy Federal Credit Union and harmed…
- Study Finds FHLBank Membership Drives Meaningful Lending Growth At Credit Unions — WASHINGTON — A new Urban Institute research report finds that the Federal Home Loan Bank System is a key driver of lending growth for credit unions, with access to advances and system membership…
- Used Vehicle Values Stabilize In December After Fall Slide, Black Book Says — LAWRENCEVILLE, Ga.–Used vehicle values were flat in December, Black Book reports. The company’s Used Vehicle Retention Index for December remained flat at 140.3 from November 2025, which is 5.2%…
- Stability Returns To Auto Values In 2026—But Credit Union Lenders Face A More Fragmented Market — LAWRENCEVILLE, Ga.—After years of volatility that upended auto lending assumptions, Black Book says 2026 will mark a long-awaited return to stability in vehicle values—but not a return to…
- DCUC Rallies Members As Credit Card Battles Accelerate On Capitol Hill — WASHINGTON—As Washington’s credit card debate intensified last week, the Defense Credit Union Council moved quickly to brief its members, while also convening a Jan. 16 meeting to walk member credit…
- DCUC Urges House Panel to Back Housing Reforms That Expand Affordability, Credit Union Access — WASHINGTON—The Defense Credit Union Council Tuesday submitted a letter to House Financial Services Committee leadership outlining its views on legislative proposals scheduled for consideration…
- Velera Selected As Card Processing Provider For Financial Center — ST. PETERSBURG, Fla.--Velera, the nation’s premier payments credit union service organization (CUSO) and an integrated financial technology solutions provider, announced it will provide Financial…
- Credit Union Loan Growth Slows Slightly In November As HELOCs Lead Gains — WASHINGTON--Credit union loans outstanding increased 0.23% in November, compared to a 0.24% increase in October, and a 0.13% increase in November 2024, according to America’s Credit Unions’ latest…
- New Research: Proposed 10% Credit Card Rate Cap Would Result In Up To 159 Million Americans Losing Access To Credit — WASHINGTON — New data from credit card issuers accounting for roughly 75% of the market shows that a proposed 10% federal credit card interest rate cap would significantly reduce access to credit…
- InvestiFi Secures Contract With Truity Credit Union To Deliver Digital Investing — OKLAHOMA CITY, Okla.--InvestiFi, a leading provider of digital investment solutions for financial institutions, has secured a contract with $1.5-billion Truity Credit Union to integrate its suite of…
- DCUC Engages with HFSC on Supporting Bipartisan Housing and Regulatory Reform Legislation — WASHINGTON, DC – Today, the Defense Credit Union Council (DCUC) submitted a letter to House Financial Services Committee (HFSC) leadership outlining its views on legislative proposals scheduled for…
- Dolphin Debit Now An Endorsed Vendor For Bankers In Washington — HOUSTON – Dolphin Debit has been named an Endorsed Vendor by the WBA Professional Services subsidiary of the Washington Bankers Association, increasing the visibility of Dolphin’s full-service ATM…
- Heritage FCU Agrees to $635K Settlement Over Alleged Improper Overdraft Fees — NEWBURGH, Ind. — Heritage Federal Credit Union has agreed to pay $635,000 to settle a class action lawsuit alleging it improperly assessed certain overdraft fees on member debit card accounts,…
- Negative Equity Deepens As Nearly 30% Of Auto Trade-Ins Go Underwater — COSTA MESA, Calif.--Auto debt pressures are intensifying for U.S. car buyers, with new data from Edmunds showing a growing share of borrowers rolling negative equity into new-vehicle purchases—a…
- 2026 Digital Growth Award Nominations Open — MADISON, Wis.—Nominations are open for World Council of Credit Unions’ 2026 Digital Growth Award, which will recognize one or more member credit union associations or individual member credit unions…
- ALLIANCE CU, United Texas CU Complete Merger — LUBBOCK, Texas —ALLIANCE CU here and San Antonio-based United Texas Credit Union have completed their merger, effective Jan. 1, Everything Lubbock reported. Before the combination, ALLIANCE Credit…
- CEO Update: The DCUC Difference in 2026 — I am proud to report that DCUC had another breakout year in 2025!We consistently led the industry on all major advocacy issues, had one of our member CEOs testify at a Senate Banking Hearing, and…
- America’s Credit Unions And Leagues Warn CCCA Would Hurt Consumers, Security And Credit Access — WASHINGTON--America’s Credit Unions and all state credit union leagues and associations are urging in lawmakers to reject the Credit Card Competition Act, warning that the proposal would harm…
- NCUA Conserves People Trust Community FCU — NORTH LITTLE ROCK, Ark.--NCUA Friday placed $3.3-million People Trust Community Federal Credit Union here into conservatorship, the agency announced. NCUA said it made its decision due to "unsafe…
- Bilt Leans Into The Rate-Cap Fight With 10% Interest Credit Cards — NEW YORK—Fintech Bilt moved quickly into the national debate over credit card pricing this week, unveiling three new credit cards that cap interest rates at 10% for the first year on new…
- Bowman: Inflation Near Target, But Fragile Labor Market Poses Growing Risk For Fed Policy — FOXBOROUGH, Mass.— Federal Reserve Vice Chair for Supervision Michelle Bowman said Friday that while inflation is moving closer to the Fed’s 2% target, growing fragility in the labor market poses a…
- Former Robins Financial Credit Union CEO, Edward Levins, Passes — WARNER ROBINS, Ga. - Edward “Buck” Levins, former President and CEO of Robins Financial Credit Union, has died, the credit union reported. Mr. Levins passed away peacefully on Tuesday, Jan. 13,…
- House Advances FY26 Funding Bill, Maintains CDFI And CDRLF Funding Levels — WASHINGTON--The House voted 341-79 late Wednesday to move the Financial Services and General Government and National Security, Department of State, and Related Programs Appropriations Act, 2026 (H.…
- People Trust Community Federal Credit Union Conserved — ALEXANDRIA, VA (January 16, 2026) – The National Credit Union Administration today placed People Trust Community Federal Credit Union in North Little Rock, Arkansas, into conservatorship. Member…
- Late-Fee Cap Returns: Fetterman Bill Revives CFPB’s $8 Rule Amid Trump’s Credit Card Push — WASHINGTON—Amid renewed Washington scrutiny of credit card practices following President Trump’s recent call for a nationwide 10% interest-rate cap, Sen. John Fetterman (D-PA) has introduced…
- Merchants Coalition Cheers Durbin Push For Credit Card Competition Act After Trump Endorsement — WASHINGTON — The Merchants Payments Coalition this week praised comments by Sen. Dick Durbin (D-IL) after he urged the Senate to pass the Credit Card Competition Act, citing President Donald Trump’s…
- NCUA Board To Hold Meeting On Jan. 22 — ALEXANDRIA, Va.-- NCUA will hold an open board meeting on Thursday, Jan. 22, starting at 10 a.m. ET, the agency announced. Items on the agenda include a briefing on the Central Liquidity Facility’s…
- New Filene Center Targets Payments Disruption Facing Credit Unions From Stablecoins To AI Checkout — MADISON, Wis. — The Filene Research Institute has launched its newest Center of Excellence, All Things Payments, a dedicated research initiative designed exclusively to help credit unions navigate…
- HUD Proposes Rolling Back Fair Housing Disparate Impact Standards Adopted Since 2013 — WASHINGTON — The Department of Housing and Urban Development has proposed rescinding its long-standing regulations governing “disparate impact” liability under the Fair Housing Act, a move that…
- Catalyst Launches New Innovative Bond Trading Platform For Credit Unions — PLANO, Texas — Catalyst has launched a new online bond trading platform designed to help credit unions more efficiently access fixed-income securities tailored to their investment needs. Built on…
- Credit Unions, Community Banks Urge Congress To Reject Durbin-Marshall Credit Card Mandates — WASHINGTON— America’s Credit Unions, the Defense Credit Union Council, and the Independent Community Bankers of America Thursday sent a joint letter to Congress opposing the Durbin-Marshall credit…
- The Average 30-Year Fixed-Rate Mortgage Hits Lowest Level In Over Three Years — MCLEAN, Va.--The 30-year fixed-rate mortgage dropped sharply this past week, averaging 6.06% Freddie Mac reported. “Late last week, mortgage rates dropped, driving the weekly average down to its…
- Velera Index Shows Spending Strength—And A Tougher Segmentation Challenge For CUs — ST. PETERSBURG, Fla.--U.S. consumer spending remained resilient into early 2026, but signs of growing segmentation are emerging, according to Velera’s January Payments Index, which shows continued…
- Lights, Camera, Banking: CineFi Debuts As A Digital Credit Union For Creatives — ATLANTA—CineFi has launched as the first fully digital credit union focused exclusively on professionals in television, motion pictures, music, gaming, content creation, and the broader influencer…
- CFPB Moves To Clarify Data Use In Nationwide Mortgage Licensing System — WASHINGTON—The CFPB is proposing updates to its Privacy Act system governing the Nationwide Mortgage Licensing System and Registry, a move aimed at clarifying how personal information tied to…
- NCUA Board to Hold Meeting on January 22 — Alexandria, VA (January 15, 2026) ― The National Credit Union Administration Board will hold a meeting on Thursday, January 22 starting at 10 a.m. Eastern. Items on the agenda include a briefing on…
- DCUC Urges VA Leadership To Advance Veteran Financial Protections — WASHINGTON--The Defense Credit Union Council Wednesday sent a detailed letter to Department of Veterans Affairs Secretary Doug Collins outlining its 2026 legislative and regulatory priorities aimed…
- Hanscom FCU Finalizes Peoples Bank Acquisition, Expands Footprint Into Maryland — LITTLETON, Mass,--Hanscom Federal Credit Union has completed its previously announced purchase and assumption of the majority of the assets and liabilities of Maryland-based The Peoples Bank,…
- Robins Financial CU Donates $1 Million To Georgia Nonprofits In 2025 — WARNER ROBINS, Ga. —The $4.7-billion Robins Financial Credit Union donated $1 million to local nonprofits and community initiatives throughout 2025, supporting programs focused on education,…
- U.S. Auto Sales Cool In Q4, Setting A Choppier 2026 Outlook For Auto Lenders — NEW YORK--U.S. light-vehicle sales softened at the end of 2025, signaling a more uneven environment for auto lenders heading into 2026, according to preliminary estimates from GlobalData. December…
- NCUA Issues 2026 Supervisory Priorities Letter To Credit Unions — ALEXANDRIA, Va.--NCUA on Wednesday released its 2026 Supervisory Priorities, reaffirming its commitment to a “no regulation by enforcement” approach while emphasizing safety and soundness across the…
- Powell Letter To Senate Undercuts Trump Claims As DOJ Probe Escalates — WASHINGTON—Federal Reserve Chair Jerome Powell disclosed detailed information about the central bank’s $2.5-billion headquarters renovation to Senate lawmakers last summer, a previously unreported…
- Existing Home Sales Jump 5.1% In December As Market Shows Late-Year Momentum — WASHINGTON – Existing home sales increased by 5.1% in December, according to the National Association of REALTORS Existing-Home Sales Report. Month-over-month sales increased in all regions.…
- DCUC Backs Digital Asset Clarity Bill, Urges Clear Rules To Protect Consumers And Curb Fraud — WASHINGTON--The Defense Credit Union Council Wednesday morning submitted comments to Senate Banking, Housing, and Urban Affairs Committee Chairman Tim Scott and Ranking Member Elizabeth Warren on…
- Mortgage Applications Increase In Latest MBA Weekly Survey — WASHINGTON — Mortgage applications increased 28.5% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending Jan.…
- Consumer Prices Increase 0.3% In December, Keeping Inflation Pressures In Focus — WASHINGTON--The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.3% on a seasonally adjusted basis in December, the U.S. Bureau of Labor Statistics reported. Over the last 12 months,…
- DCUC Calls for Credit Union Parity and Consumer Protections in Digital Asset Bill — WASHINGTON, DC – The Defense Credit Union Council (DCUC) has submitted official comments to Senate Banking, Housing, and Urban Affairs Committee Chairman Tim Scott and Ranking Member Elizabeth…
- JPMorgan To Take Over Apple Card From Goldman In $20B Portfolio Shift — NEW YORK--JPMorgan Chase and Apple have announced a deal that will make the nation’s largest bank the new issuer of the Apple Card, replacing Goldman Sachs and further expanding JPMorgan’s already…
- What the Philadelphia Fed Missed About Credit Unions—And Why It Matters Now — WASHINGTON-- When the Federal Reserve Bank of Philadelphia released its latest deep dive into credit union growth, much of the industry saw a familiar pattern: strong performance, expanding…
- Velera Announces Initial Main Stage Speakers For VeleraLIVE 2026 — ST. PETERSBURG, Fla.--Velera has announced its first confirmed keynote speakers for VeleraLIVE 2026, taking place April 13-15 in Orlando at the Orlando World Center Marriott. VeleraLIVE 2026 brings…
- Bipartisan Senate Bill Would Extend Loan Maturity Limits For Federal Credit Unions — WASHINGTON—Bipartisan legislation introduced Tuesday would give federally chartered credit unions more flexibility in how long they can structure certain loans, a change supporters say would help…
- Connecticut CU League Unveils New Identity, Relaunches Services Arm As cuVoyant — ROCKY HILL, Conn.--The Credit Union League of Connecticut has rebranded as Connecticut’s Credit Unions, unveiling a new identity aimed at reinforcing its role as the unified advocacy voice for the…
- Durbin, Marshall Reintroduce CCCA After Trump Endorsement Shifts Capitol Hill Math — WASHINGTON—Sens. Dick Durbin (D-IL) and Roger Marshall (R-KS) formally reintroduced the Credit Card Competition Act (CCCA) on Tuesday, a move that followed CUToday.info’s early-morning report…
- With Trump’s Endorsement, Marshall’s Credit Card Bill May Suddenly Have New Life On Capitol Hill — WASHINGTON—Sen. Roger Marshall’s long-stalled Credit Card Competition Act (CCCA) may have found new life this week after President Donald Trump publicly endorsed the bill, a move advocates say is…
- DCUC Warns Durbin-Marshall Credit Card Mandates Would Repeat Costly Durbin Mistakes — WASHINGTON — The Defense Credit Union Council is renewing its push against the Durbin-Marshall credit card mandates, urging Congress and the White House to abandon the proposal and warning it would…
- Five Credit Unions With $2.16B In Assets Sign On To Strum Platform CDP — SEATTLE — Strum Platform announced Monday that five credit unions, representing a combined $2.16 billion in assets, have signed on to its marketing analytics Customer Data Platform (CDP), expanding…
- Former Fed Chairs, Treasury Chiefs Warn DOJ Move Against Powell Threatens Central Bank Independence — WASHINGTON — A group of former Federal Reserve chairs, Treasury secretaries, and top economic advisers from both parties warned that a reported criminal inquiry into Federal Reserve Chair Jerome…
- Trade Groups Warn Stablecoin Incentives Could Drain Trillions From Community Banks And Credit Unions — WASHINGTON—The Defense Credit Union Council and America’s Credit Unions have joined a coalition of national trade associations representing thousands of community banks and credit unions in urging…
- NCUA Announces Third Round of Deregulation Proposals — ALEXANDRIA Va.--NCUA Tuesday announced the third round of proposed regulatory changes associated with NCUA’s Deregulation Project. The project is an ongoing review of NCUA’s regulations to ensure…
- DCUC Applauds Senate Introduction of the Expanding Access to Lending Options Act — WASHINGTON, DC – The Defense Credit Union Council (DCUC) commends the introduction of the Expanding Access to Lending Options Act in the U.S. Senate, a bipartisan effort led by Senator Kevin Cramer…
- DCUC Joins Trade Groups Warning on Stablecoin Risks to Local Lending — WASHINGTON, DC – The Defense Credit Union Council (DCUC) has joined a coalition of national trade associations representing thousands of community banks and credit unions in urging Congress to take…
- DCUC Sounds Alarm on Durbin-Marshall Proposal, Warning of Higher Fraud, Lost Credit Access, and Windfall for Mega-Retailers — WASHINGTON, DC – The Defense Credit Union Council (DCUC) continues to urge Congress and the White House Administration to reject the Durbin-Marshall credit card mandates, warning the proposal would…
- Leadership Change At U.S. Eagle As Longtime CEO Majors Steps Down — ALBUQUERQUE, N.M. — Marsha Majors has retired as president and CEO of $1.5-billion U.S. Eagle Federal Credit Union, ending a more than 40-year career with one of New Mexico’s largest credit unions,…
- Housing Starts Slide In October As High Rates Keep U.S. Construction Market Unsteady — WASHINGTON—U.S. residential construction activity weakened in October, with housing starts falling sharply even as permits held roughly steady, underscoring continued volatility in the housing…
- A 10% Cap, A Busy Congress, And Big Stakes For Credit Unions This Week — WASHINGTON—Credit union trade groups entered the week in Washington closely monitoring developments after President Trump’s proposal for a nationwide 10% cap on credit card interest rates, even as…
- DCUC Engages with Secretary of War, Pete Hegseth, to Advance Military Financial Security — WASHINGTON, DC – Today, the Defense Credit Union Council (DCUC) sent a letter to Secretary of War Pete Hegseth emphasizing the critical role credit unions play in supporting military families and…
- DCUC and AMBA Urge Congress to Reject Credit Card Competition Act, Warn of Harm to Military Families — “It is rare for banks and credit unions to speak with one voice, but on this issue, we are united...We urge you to reject this misguided legislation and prevent its inclusion in any must-pass bill.”…
- DCUC Distributes Talking Points to Members on Proposed 10% Credit Card Interest Rate Cap — WASHINGTON, DC – The Defense Credit Union Council (DCUC) has distributed a set of official talking points to all DCUC member credit unions addressing President Trump’s recent proposal to impose a…
- DCUC Responds to POTUS Proposal for 10% Credit Card Interest Rate Cap — WASHINGTON, DC – The Defense Credit Union Council (DCUC), on behalf of credit unions nationwide, issued a statement late yesterday in response to President Trump’s social media post calling for a…
- DCUC Urges Inclusion of Credit Unions in Community Banking Legislation — WASHINGTON, DC – The Defense Credit Union Council (DCUC) expresses strong support for efforts to strengthen community financial institutions, while urging policymakers to explicitly include credit…
- DCUC and National Financial Trade Associations Support FCC Efforts to Combat Robocalls — WASHINGTON, DC – The Defense Credit Union Council (DCUC) yesterday joined several national trade associations in submitting a comment letter to the Federal Communications Commission (FCC) in…
- DCUC Welcomes Alloya Corporate FCU to DCUC Membership — The Defense Credit Union Council (DCUC) proudly welcomes Alloya Corporate Federal Credit Union as its newest member. Alloya exists to support credit union success by providing a broad suite of…
- DCUC Community Supports Fisher House Foundation Through Record Conference Fundraiser — The Defense Credit Union Council, DCUC, is proud to announce that DCUC’s 2025 Conference with a Purpose raised $60,000 for Fisher House Foundation, marking the largest fundraising total in DCUC…