Credit Union News — February 2026
Credit union industry reporting published in February 2026.
- ABA Urges NCUA To Align With FDIC As It Weighs Ad Disclosure Rollback — WASHINGTON—The American Bankers Association is urging NCUA to more closely align with federal banking regulators as it considers rolling back certain advertising disclosure requirements for credit…
- PayPay Moves Ahead With U.S. Listing As Profits Surge — TOKYO — PayPay, the SoftBank-backed Japanese payments app, has publicly filed for a U.S. initial public offering, moving ahead with a long-anticipated stock market debut that had been delayed by the…
- FBI: ATM ‘Jackpotting’ Attacks Soar, $20M Stolen In 2025 Alone — WASHINGTON— Malware-wielding criminals “jackpotted” ATMs across the United States last year, walking away with an estimated $20 million in stolen cash, according to reporting by Bank Info Security,…
- America's Credit Unions Announces Karen Harbin As New Board of Directors Chair — WASHINGTON – Saturday, at America’s Credit Unions 2026 Governmental Affairs Conference, Karen Harbin, president/CEO of Commonwealth Credit Union in Kentucky, was announced as the new chair of the…
- Wescom Financial Slates 72 Layoffs, State Records Show — PASADENA, Calif.—The $6.36-billion Wescom Financial here is planning 72 permanent layoffs effective April 21, 2026, according to California Worker Adjustment and Retraining Notification (WARN)…
- NCUA Bans Five People From Credit Unions — ALEXANDRIA, Va. ― NCUA issued one consent-based prohibition and four conviction-based prohibitions in February, the agency announced. The individuals named below are permanently prohibited from…
- DCUC Equips Credit Unions With 2026 Advocacy Toolkit — WASHINGTON--The Defense Credit Union Council has released its 2026 Advocacy Priorities Toolkit and supporting handouts to help credit unions effectively navigate policy, legislative, and regulatory…
- Bipartisan Senate Group Unveils AFFORD Act To Strengthen CDFI Oversight, Liquidity — WASHINGTON--A bipartisan group of 30 senators introduced the Access to Fair Financing for Opportunity and Resilient Development (AFFORD) Act Thursday, America's Credit Unions reported. The AFFORD…
- DCUC Urges Padilla, Cramer To Include CLF Enhancement In Housing Bill — WASHINGTON--Thursday, the Defense Credit Union Council sent a letter to Senators Alex Padilla (D-CA) and Kevin Cramer (R-ND) urging the inclusion of the Central Liquidity Facility (CLF) Enhancement…
- Marquis Sues SonicWall, Alleges 2025 Cloud Flaw Led To Ransomware Hit — PLANO, Texas— Marquis Software Solutions has filed suit against SonicWall, alleging a 2025 cloud vulnerability enabled a ransomware attack that exposed sensitive data tied to hundreds of financial…
- NCUA Prohibits Five Individuals from Participating in the Affairs of Any Federally Insured Depository Institution — Alexandria, VA (February 27, 2026) ― The National Credit Union Administration issued one consent-based prohibition and four conviction-based prohibitions in February 2026. The individuals named…
- DCUC Defends Credit Union Tax Status, Opposes Harmful Rate Caps in Senate Banking Committee Letter — WASHINGTON, DC – The Defense Credit Union Council, DCUC, has submitted a formal letter for the record following the U.S. Senate Committee on Banking, Housing, and Urban Affairs hearing titled…
- DCUC Urges Inclusion of CLF Enhancement Act in Housing Legislation to Strengthen Credit Union Liquidity — Today, the Defense Credit Union Council (DCUC) sent a letter to Senators Padilla (D-CA) and Cramer (R-ND) leadership urging the inclusion of the Central Liquidity Facility (CLF) Enhancement Act…
- After Slowing To 3%, Credit Union Lending Forecast To Accelerate In 2026 — MADISON, Wis.—Credit union lending, stalled at roughly half its long-run pace, may be poised for a policy-driven rebound, according to TruStage’s Q4 Trends Report. After growing just 3.0% on a…
- At Senate Hearing Hauptman Draws Line On ‘Regulation By Enforcement’ — WASHINGTON— NCUA Chairman Kyle Hauptman used his appearance before the Senate Banking Committee Thursday to draw a sharp line between rulemaking and enforcement, telling lawmakers NCUA has formally…
- Mortgage Rates Drop Below 6% For First Time In 3.5 Years — MCLEAN, Va.--The 30-year fixed-rate mortgage dropped below 6% this past week, averaging 5.98%, Freddie Mac reported. “For the first time in three and a half years, the 30-year fixed-rate mortgage…
- Warren, Senate Democrats Press Regulators Over Removal Of Disparate Impact From Exams — WASHINGTON—Senate Banking Committee Ranking Member Elizabeth Warren (D-MA) and a group of Senate Democrats have sent letters to the heads of the Office of the Comptroller of the Currency, FDIC and…
- ProBridge Announces Latest Offering For Credit Unions Looking To Expand Their Teams: ProBridge Flex — TAMPA--ProBridge, a wholly owned subsidiary of Trellance Cooperative Holdings, Inc., announced their latest solution for credit unions looking to tackle multiple projects under a tight budget:…
- Mortgage Application Payments Increased In January — WASHINGTON– Homebuyer affordability declined in January, with the national median payment applied for by purchase applicants increasing to $2,070 from $2,025 in December, according to the Mortgage…
- OCC Rolls Out 376-Page Stablecoin Rulebook, Carves Path For FI-Style Oversight Under GENIUS Act — WASHINGTON — The Office of the Comptroller of the Currency on Wednesday unveiled a comprehensive proposed rule aimed at implementing the federal stablecoin regulatory framework established by GENIUS…
- D.C. Circuit Revisits Injunction In Clash Over CFPB Downsizing Efforts — WASHINGTON--Oral arguments were heard this week in the U.S. Court of Appeals for the District of Columbia Circuit for a rehearing in National Treasury Employees Union (NTEU) v. Vought, America's…
- Ahead Of Senate Testimony, America’s Credit Unions Urges Hauptman To Deliver Regulatory Relief — WASHINGTON--Ahead of NCUA Chairman Kyle Hauptman’s scheduled testimony before the Senate Banking Committee Thursday, America’s Credit Unions outlined ways NCUA can provide relief to credit unions.…
- Man Claiming To Be ‘Jesus Christ’ Arrested After Standoff Inside Albuquerque CU — ALBUQUERQUE, N.M. — A 26-year-old Albuquerque man was arrested inside U.S. Eagle Federal Credit Union following a brief standoff that prompted a significant law enforcement response and the…
- White House Eyes Expanding Immigration Enforcement Into The Banking System — WASHINGTON—The Trump Administration is discussing a dramatic expansion of the role of the U.S. banking system in federal immigration enforcement, news outlets are reporting. According to The Wall…
- Inside Cal Coast/SDCCU Merger Part II: Thousands Of Pages, No Decision As Mega-Deal Case Pushed To March — SAN DIEGO— What many expected would be a pivotal courtroom showdown last week over the collapsed merger between California Coast Credit Union and San Diego County Credit Union instead turned into a…
- Arkills To Step Down As Silver State Schools CU CEO In May 2027 — LAS VEGAS— Silver State Schools Credit Union President and CEO Scott A. Arkills will retire in May 2027 after more than a decade leading the Nevada-based institution through sustained growth and…
- Fed’s Cook: AI Boom Could Lift Growth — But Complicate Rate Policy — WASHINGTON — Federal Reserve Gov. Lisa Cook said Tuesday that while artificial intelligence holds significant promise for boosting productivity and long-term growth, it could also complicate…
- Capital One CEO Richard Fairbank Secures $40M Pay Package For 2025 — MCLEAN, Va.--Capital One has approved $40 million in total compensation for CEO Richard Fairbank in 2025, a roughly 19% increase from the $33.5 million he received in 2024, according to a Securities…
- Gonzalez, Fitzpatrick Move To Expand FHLB Access For Credit Unions — WASHINGTON--Credit unions fully support legislation introduced Tuesday by Reps. Vicente Gonzalez (D-TX) and Brian Fitzpatrick (R-PA) that would allow more credit unions to join the Federal Home Loan…
- Conduent Cyberattack Exposes Data Of 25 Million; Could Be Largest In U.S. History — FLORHAM PARK, N.J.--A cyberattack on Conduent Business Services has exposed the personal data of more than 25 million Americans, making it potentially the largest data breach in U.S. history,…
- DCUC Supports NCUA Deregulatory Proposals In Four Comment Letters — WASHINGTON--This week the Defense Credit Union Council submitted four comment letters to NCUA in response to the agency’s second round of proposed regulatory changes under its ongoing Deregulation…
- Penetration Testing Now Available From Optiri — TAMPA--Optiri, a wholly owned subsidiary of Trellance Cooperative Holdings, Inc., is adding Penetration Testing to its roster of IT and cybersecurity offerings, the company announced. "Penetration…
- Gonzalez, Fitzpatrick Move To Expand FHLB Access For Credit Unions; ACU Calls It ‘Common-Sense’ Liquidity Fix — WASHINGTON--Credit unions fully support legislation introduced Tuesday by Reps. Vicente Gonzalez (D-TX) and Brian Fitzpatrick (R-PA) that would allow more credit unions to join the Federal Home Loan…
- ACU’s James Akin Presses CU View At IRS, Treasury Hearing — WASHINGTON--Delivering the credit union perspective directly to the Internal Revenue Service (IRS) and the Department of the Treasury, America’s Credit Unions Head of Regulatory Advocacy James Akin…
- DCUC Expresses Support of H.R. 7647 — he Defense Credit Union Council (DCUC) expresses strong support for bipartisan legislation introduced by Representatives Vicente Gonzalez and Brian Fitzpatrick that would expand credit union access…
- Wells Fargo Taps Credit Union Veteran To Lead Business Banking — SAN FRANCISCO--Former credit union CEO Dennis Devine has been appointed to lead business banking at Wells Fargo, according to a report by Reuters. Devine, who previously served as chief executive…
- TruStage To Launch TSDA, Bringing Stablecoin Infrastructure To Community FIs — MADISON, Wis.— TruStage Tuesday today announced the planned launch of TruStage Stablecoin (TSDA), a fully reserved U.S. dollar stablecoin. At its core, TSDA is designed to broaden access to digital…
- VolCorp Partners With Veep To Offer Earned Wage Access To Credit Unions — NASHVILLE— Volunteer Corporate Credit Union (VolCorp) said it has formed what it calls a first-of-its-kind partnership with Veep, an AI-powered fintech, to roll out Anytime Pay, an earned wage…
- ACU Launches Nationwide Campaign Urging Congress To Reject Durbin-Marshall Credit Card Mandates — WASHINGTON--As more than 6,000 credit union advocates prepare to gather in Washington for America’s Credit Unions’ Governmental Affairs Conference 2026, ACU Tuesday announced the launch of a…
- Waller: March Rate Decision A ‘Coin Flip’ As Labor Data Muddy Fed Outlook — WASHINGTON — Federal Reserve Governor Christopher J. Waller said Monday that fresh labor market data has complicated the policy outlook, leaving the Federal Open Market Committee (FOMC) facing what…
- InvestiFi Partners With Heartland Credit Union — MADISON, Wis.--InvestiFi, a leading provider of digital investment solutions for financial institutions, has partnered with Heartland Credit Union here to deliver integrated digital investing tools…
- New York Moves To License, Police Buy Now-Pay Later Lenders — ALBANY, N.Y.--Proposed new rules would require buy now, pay later lenders operating in New York to obtain licenses, submit to state supervision and comply with strengthened consumer-protection…
- CU Loan Growth Nearly Flat In December As Auto, Personal Lending Slide — WASHINGTON--Credit union loans outstanding increased 0.04% in December, compared to a 0.23% increase in November and a 0.22% increase in December 2024, according to America’s Credit Unions’ latest…
- Illinois Attorney General Cross-Appeals In Ongoing IFPA Battle Over Transaction Data — WASHINGTON--The Illinois Attorney General filed a cross-appeal seeking to overturn the injunction on the data use provisions in the Illinois Interchange Fee Prohibition Act (IFPA), America's Credit…
- NCUA Announces Sixth Round of Deregulation Proposals — Alexandria, VA (February 24, 2026) – The National Credit Union Administration today announced the sixth round of proposed regulatory changes associated with NCUA’s Deregulation Project. The project…
- From 37% To 63%: Public Confidence In Banks Fully Rebounds After Financial Crisis — LONDON—Nearly two decades after the 2008 financial crisis rattled households and financial institutions worldwide, a new Gallup survey finds public confidence in banks has not only recovered in the…
- Bank Executives Warn Credit Unions Are Reshaping Competition As Acquisition Pace Accelerates — ARLINGTON, Va. — Bank executives are increasingly signaling concern about credit unions as competitive pressures rise across lending, deposits and mergers, according to IntraFi’s Q4 2025 Bank…
- Treasury Launches Six-Part AI Guidance Series For Financial Institutions — WASHINGTON—The U.S. Treasury Department has begun rolling out a six-part series of guidance documents designed to help financial institutions deploy artificial intelligence securely while staying…
- ‘Visibility Matters’: Small Credit Unions Push Back On NCUA’s Merger Streamlining Plan — KENNEWICK, WASH—A coalition representing dozens of the nation’s smallest credit unions is urging NCUA to rethink a key piece of its latest deregulation proposal, warning that reducing public…
- From Whiteout To Wi-Fi: As 500,000+ Lose Power, Credit Unions Move Banking Off The Roads And Online — NEW YORK — As a powerful nor’easter buried much of the Northeast under heavy, wind-whipped snow, the first signs of impact weren’t just on highways and power lines—they were on credit union…
- Congress Returns To Snow-Disrupted Capitol As DHS Shutdown, Rate Cap Loom — WASHINGTON— After an 11-day recess, Congress is returning to Capitol Hill this week, though a winter snowstorm stretching from Virginia to Boston forced House leaders to cancel votes Monday,…
- DCUC Taps Rep. Mike Haridopolos For Featured Address At Defense Matters Event — WASHINGTON--Congressman Mike Haridopolos, representing Florida’s 8th Congressional District, will provide a featured “View from the Capitol” at the Defense Credit Union Council's Defense Matters…
- CUSG Invests In Reset Financial Technologies, Expands Fee-Free Earned-Wage Access To CUs — ROYAL OAK, Mich. – CUSG, a technology platform company offering software solutions in the areas of HR technology, marketing technology, and financial technology, has made a strategic investment in…
- Effective Date For CDFI Small Business Data Policy Pushed Back Two Years To 2028 — WASHINGTON--The effective date for a new Community Development Financial Institutions (CDFI) Fund small business disclosure policy is now pushed back two years to fall of 2028, America's Credit…
- Simpson, Akin Bring Credit Union Priorities To White House During Sit-Down With Jim Goyer — WASHINGTON--Bringing credit union priorities directly to the White House, America’s Credit Unions President/CEO Scott Simpson and Head of Regulatory Advocacy James Akin met with White House Office…
- Congressman Mike Haridopolos Confirmed to Speak at DCUC Defense Matters 2026 — The Defense Credit Union Council (DCUC) is proud to announce that Congressman Mike Haridopolos, representing Florida’s 8th Congressional District, will provide a featured “View from the Capitol” at…
- Security Experts Warn OpenClaw Could Bypass Traditional CU Cyber Defenses — NEW YORK—The meteoric adoption of OpenClaw, an open-source autonomous AI assistant, has ignited what cybersecurity experts are calling the first major AI agent security crisis — one with clear…
- Less Shock, Not No Shock: What The Supreme Court’s Tariff Decision Means For Credit Union Deposits And Loan Demand — WASHINGTON—A Supreme Court ruling limiting the president’s ability to impose sweeping tariffs could modestly ease inflation pressure on credit union members’ household budgets — and, over time, help…
- WFCU Launches 2026 ICUDE Application Cycle — MADISON, Wis.—The Worldwide Foundation for Credit Unions (WFCU), in collaboration with World Council of Credit Unions, has opened the application portal for the 2026 International Credit Union…
- Survey Shows Digital Payments Tipping Point For CU–Fintech Collaboration — NEW YORK— The most revealing shift in credit union innovation may be this: two-thirds of U.S. CUs now rely — or expect soon to rely — on outside fintech partners for mobile and digital payments,…
- Guardian Credit Union Names Steve Heiderer President/CEO — WEST ALLIS, Wis. — The $3-billion Guardian Credit Union has named Steve Heiderer president and chief executive officer following the retirement announcement earlier this year of longtime CEO Kevin…
- Small CUs To NCUA: Tailor Supervision Or Risk Losing Community Institutions — KENNEWICK, Wash. — A coalition representing small credit unions is pressing NCUA to go further in tailoring supervision and regulatory relief, arguing that examiner pressure — not just formal rules…
- Warren Urges Treasury, Fed To Rule Out Crypto Bailout Amid Bitcoin’s $2T Plunge — WASHINGTON — Senate Banking Committee Ranking Member Elizabeth Warren (D-MA) is pressing Treasury Secretary Scott Bessent and Federal Reserve Chair Jerome Powell to pledge that taxpayer funds will…
- ICBA Cites Three Recent CU-Bank Deals In Call To Revoke Federal Tax Break — WASHINGTON—Escalating its ongoing campaign against credit union acquisitions of banks, the Independent Community Bankers of America is again urging Congress to revoke the federal tax exemption for…
- NCUA Signals Lighter Exam Burden, Clearer Rules In 2026 Supervisory Priorities Webinar — WASHINGTON--The NCUA focused on its 2026 Supervisory Priorities with NCUA Chairman Kyle Hauptman kicking off the agency webinar Thursday. Hauptman noted that the priorities are to help right-size…
- Barr Invites America’s Credit Unions To Testify At March 5 House Hearing On Fraud — WASHINGTON--House Financial Services Subcommittee on Financial Institutions Chairman Andy Barr (R-KY) has invited America's Credit Unions to testify at the subcommittee's hearing focused on fighting…
- Keesler Federal Unveils $1M Debt Eraser In CU's Largest Member Giveback Ever — BILOXI, Miss. — Keesler Federal Credit Union is rolling out the largest member giveback in its history, committing $1 million to wipe out credit card balances for hundreds of members in a sweeping…
- Credit Originations To Climb Again In 2026, Fueled By Housing And Unsecured Loans — CHICAGO—TransUnion’s 2026 credit originations forecast points to continued growth in consumer lending, led by mortgages and unsecured personal loans, even as demand across other credit categories…
- NCUA Pulls Back Curtain On Deregulation Project’s Origins, Strategy — ALEXANDRIA, Va. – NCUA on Thursday offered a behind-the-scenes look at how its sweeping Deregulation Project was conceived and developed, with Sierra Robinson explaining during the agency’s 2026…
- Fed to Recalibrate Basel III, Stress Tests And Leverage Rules, Bowman Says — ATLANTA — Federal Reserve Vice Chair for Supervision Michelle Bowman said Thursday the central bank is recalibrating both capital and supervisory frameworks in ways she argued will better support…
- Keesler Federal Unveils $1M Debt Eraser In Largest Member Giveback Ever — BILOXI, Miss. — Keesler Federal Credit Union is rolling out the largest member giveback in its history, committing $1 million to wipe out credit card balances for hundreds of members in a sweeping…
- Average 30-Year Fixed-Rate Mortgage Hits Another Low — MCLEAN, Va.-- The 30-year fixed-rate mortgage hit a new low in the last four years, averaging 6.01%, Freddie Mac reported. “Mortgage rates dropped again this week, now down to their lowest level…
- UnitedOne CU CEO Kim Rooney To Retire After 30 Years; Amy Sonnemann Named Successor — MANITOWOC, Wis. — UnitedOne Credit Union is preparing for a leadership transition, with longtime CEO Kim Rooney set to retire in June after more than 30 years with the organization, according to…
- Alabama ONE CU Signs Deal To Acquire Peoples Independent Bank; Third CU/Bank Pact In Two Weeks — TUSCALOOSA, Ala. — Alabama ONE Credit Union here has signed a purchase and assumption agreement to acquire substantially all the assets and liabilities of Peoples Independent Bank, in a deal that…
- NY Fed President John C. Williams To Discuss Economy, Rates At GAC 2026 — WASHINGTON--Federal Reserve Bank of New York President/CEO John C. Williams will address key economic and policy developments as part of the 2026 Governmental Affairs Conference (GAC), America's…
- Cloudflare, Mastercard Partner On Cybersecurity Platform Targeting Small Business And Critical Infrastructure Risks — PURCHASE, N.Y.--Cloudflare and Mastercard announced a strategic partnership aimed at developing cybersecurity tools intended to help small businesses, governments and critical infrastructure…
- Missouri Proposals Would Put Remittance Compliance Burden On Banks And Credit Unions — JEFFERSON CITY, Mo. — Two Republican-backed bills advancing in the Missouri legislature would sharply restrict immigrants’ ability to send money abroad by requiring financial institutions to verify…
- Judge Allows Key Epstein-Related Claims To Move Forward Against BofA — NEW YORK — A federal judge has allowed key sex-trafficking claims against Bank of America to move forward, finding that alleged facts — if proven — could show the bank recklessly disregarded warning…
- Seattle CU CEO Richard Romero To Retire; CFO Michael Cruz Named Interim Leader — SEATTLE — The $1-billion Seattle Credit Union announced that President and CEO Richard Romero will retire effective March 31, with Chief Financial Officer Michael Cruz stepping in as interim CEO…
- Why FIs Must Rethink Installments As BNPL Becomes ‘Normal’ Credit — NEW YORK — Buy now, pay later is no longer just a holiday-season convenience or a tool for big-ticket splurges — it is increasingly becoming part of everyday budgeting behavior, according to new…
- Cold Weather, Warmer Prices: Used Vehicles Nudge Higher In January — LAWRENCEVILLE, Ga.—Used vehicle values increased in January, Black Book reported. The company’s Used Vehicle Retention Index for January increased 1.0% (1.4 points) to 141.7 from December 2025…
- Velera: Consumer Sentiment Slips, But Spending Holds Steady As BNPL Activity Grows — TAMPA--While consumer sentiment continued to erode in January, actual consumer spending remained resilient, reported Velera, citing its February edition of the Velera Payments Index. The CUSO noted…
- ACU Urges Members To Weigh In As NCUA Deregulatory Project Comments Due March 30 — WASHINGTON--Comments are due to the NCUA March 30 on proposals included in the fourth round of the agency’s Deregulatory Project, America’s Credit Unions reminded, noting comments can also be sent…
- Fed’s Barr Warns AI Could Disrupt Jobs, Rates And Risk Models For Financial Institutions — NEW YORK —Federal Reserve Governor Michael Barr said Tuesday that artificial intelligence could reshape the labor market and broader economy in ways that present both major opportunities and…
- Citi Warns Quantum Cyberattack Could Freeze U.S. Payments System And Trigger Trillion-Dollar Shock — NEW YORK — Citi is warning that a single quantum-enabled cyberattack disrupting one of the five largest U.S. banks’ access to the Federal Reserve’s payment system could put as much as $3.3 trillion…
- Remittances To Mexico Fall For First Time In A Decade, BBVA Warns Of Turning Point — MEXICO CITY — After 11 straight years of expansion, remittances to Mexico declined in 2025 for the first time since 2013, signaling a potential turning point for a key source of household income,…
- Ice Chest Full of Cash Leads To Arrest Of Gretna CU Employee In Alleged Vault Theft — GRETNA, La. — A Gretna credit union employee has been arrested after authorities allege she stole $187,000 from a vault at her workplace before fleeing the state, according to reporting by NOLA.com.…
- DHS Shutdown Begins Hitting CU Members As Unpaid Federal Workers Face Growing Financial Strain — WASHINGTON — As the Department of Homeland Security shutdown stretches on amid a funding dispute tied to immigration enforcement, credit union trade groups say the impasse is beginning to create…
- Allied Solutions Advances Open Banking Ecosystem With PortX-Powered Infrastructure — CARMEL, Ind.-- Allied Solutions Tuesday announced a major milestone in its strategy to modernize financial infrastructure and accelerate innovation in the financial services industry. Through an…
- Velera Named Debit And Credit Processing Partner For Mutual Federal Credit Union — TAMPA-- Velera announced it will provide Mutual Federal Credit Union with debit and credit card processing services and support. Founded in 1931 as the Federal Credit Union of Vicksburg, Mutual CU…
- ACU, Illinois League Challenge Judge’s IFPA Decision, Take Fight To Seventh Circuit — WASHINGTON--Following a judge largely upholding the Illinois Interchange Fee Prohibition Act (IFPA) last week, America’s Credit Unions, the Illinois Credit Union League and the other plaintiffs…
- FinCEN Issues Exceptive Relief on a Bank Secrecy Act Requirement for Credit Unions — Alexandria, VA (February 17, 2026) ― Last week, the Financial Crimes Enforcement Network (FinCEN) announced a new Bank Secrecy Act regulatory relief opportunity regarding the Customer Due Diligence…
- Banks Losing Ground In Mortgages, Bowman Says, Urging Capital Rule Recalibration — ORLANDO, Fla. — Federal Reserve Vice Chair for Supervision Michelle W. Bowman said Monday that bank regulators should reconsider how capital rules treat mortgage lending and servicing, arguing that…
- Second CU-Bank Branch Deal In Seven Days: ABNB FCU Buys Two First Bank Of Virginia Offices — CHESAPEAKE, Va. –The $957-million ABNB FCU here has agreed to buy two branches of First Bank of Virginia located in north central North Carolina, the organizations announced in a joint release. The…
- FinCEN Grants Regulatory Relief On Beneficial Ownership Verification Under 2016 CDD Rule — WASHINGTON—The U.S. Department of the Treasury’s Financial Crimes Enforcement Network on Friday issued an order providing regulatory relief to covered financial institutions by easing certain…
- $21B Combination: Launch CU To Join Suncoast In Major Florida Expansion Move — TAMPA, Fla. — Launch Credit Union announced Friday that it plans to merge with Suncoast Credit Union here, a move that would create one of the largest credit unions in the country with more than $21…
- Rize Credit Union Adds CU Student Choice's Student Loan and Refinance Solutions — WASHINGTON--CU Student Choice, the leading provider of higher education financing solutions to America’s credit unions, announced its student loan and refinance solutions will now be available to…
- NCUA Expands CDRLF Eligibility, Doubles Grant Caps For Low-Income CUs — ALEXANDRIA, Va.--NCUA Friday announced the expansion of its Community Development Revolving Loan Fund (CDRLF) to more low-income-designated credit unions seeking eligibility for Newly Chartered and…
- Bill Introduced To Protect State-Chartered Credit Unions’ Lending Parity Across State Lines — WASHINGTON--A bill to protect parity for state-chartered credit unions and clarify the Depository Institutions Deregulation and Monetary Control Act (DIDMCA) was introduced this week by Sen. Bernie…
- Judge’s IFPA Decision Could Expose Credit Unions Nationwide To New Fees, Fines And Operational Risk, ACU Says — WASHINGTON—What will be the impact of a federal judge largely upholding the Illinois’ Interchange Fee Prohibition Act (IFPA)? America’s Credit Unions Federal Regulatory Compliance Counsel Amanda…
- Cruz, Britt Bill Would Raise Durbin Threshold, Index Debit Fee Cap To Inflation — WASHINGTON — U.S. Sens. Ted Cruz (R-TX) and Katie Britt (R-AL) have introduced the Community Bank Relief Act, legislation that would raise — and annually adjust for inflation — the $10 billion asset…
- DCUC Supports Targeted SBA Reforms to Strengthen Integrity and Access for Small Businesses — The Defense Credit Union Council (DCUC) has submitted comments to House Small Business Committee Chairman Roger Williams and Ranking Member Nydia Velázquez ahead of the Committee’s markup of…
- DCUC Calls for Inclusion of Credit Unions in Community Bank Relief Act — The Defense Credit Union Council (DCUC) has sent a letter to Senator Ted Cruz, Senator Katie Britt, and Representative Andy Barr expressing support for the goals of the Community Bank Relief Act,…
- NCUA’s Funds Receive Clean Audit Opinions — Alexandria, VA (February 13, 2026) ― The National Credit Union Administration’s four funds again earned unmodified, or “clean,” audit opinions for 2025, according to audited financial statements…
- NCUA Expands Newly Chartered and Urgent Needs Grants — Alexandria, VA (February 13, 2026) ― The National Credit Union Administration today announced the expansion of its Community Development Revolving Loan Fund (CDRLF) to more low-income-designated…
- CDFI Industry Pulls Back After Decade Of Growth; Assets Slip To $446B — NEW YORK--After more than a decade of rapid expansion, the Community Development Financial Institution (CDFI) industry has entered a modest pullback, with both the number of certified institutions…
- PayPal Names Enrique Lores As Next CEO In Leadership Shake-Up — SAN JOSE, Calif. — PayPal Holdings Inc. announced a major leadership transition Tuesday, naming Enrique Lores as its new president and chief executive officer, effective March 1, 2026. Lores, the…
- DHS Funding Stalls in Senate as Shutdown Looms Over Immigration Dispute — WASHINGTON — A partial funding lapse at the Department of Homeland Security is increasingly likely after Senate Democrats blocked a procedural vote on a House-passed DHS funding bill Thursday,…
- Vizo Financial’s 2026 Risk Management Conference to Feature Education on AI Risk, Cyber Threats & Payments Fraud — GREENSBORO, N.C. – Vizo Financial’s annual Risk Management Conference is returning to Hershey, Pa., in 2026. Scheduled for April 22-24 at The Hotel Hershey, the event will focus on critical topics…
- Mortgage Rates Inch Down — MCLEAN, Va., The 30-year fixed-rate mortgage ticked lower this past week, averaging 6.09%, Freddie Mac reported. “Bolstered by strong economic growth, a solid labor market and mortgage rates at…
- Rise Analytics Launches 5300 Automation Solution To Streamline Credit Union Call Reporting — TAMPA--Rise Analytics, a wholly owned subsidiary of Trellance, has launched its new 5300 Automation Solution designed to significantly reduce the time, effort and risk associated with preparing the…
- Mortgage Delinquencies Increase In the Fourth Quarter Of 2025 — WASHINGTON--The delinquency rate for mortgage loans on one-to-four-unit residential properties increased to a seasonally adjusted rate of 4.26% of all loans outstanding at the end of the fourth…
- SBA Expands Base Rate Options For 7(a) Loans, Opening New Flexibility For CUs — WASHINGTON--Credit unions that are Small Business Administration 7(a) lenders now have access to new alternative base rate options for variable interest rate loans made under the loan program,…
- America’s Credit Unions Urges Lawmakers To Add CUs To CFI Definition, Expand FHLB Access — WASHINGTON--As lawmakers consider ideas to help make homeownership more accessible and affordable nationwide, America’s Credit Unions called on lawmakers to support legislation that includes credit…
- Redstone FCU Glitch Leaves Huntsville Business Owners Scrambling — HUNTSVILLE, Ala. — An internal system error at Redstone Federal Credit Union here unexpectedly caused some business debit cards to be declined last week, leaving local business owners scrambling and…
- From Champagne To Cards: Cupid Meets Sticker Shock In 2026 — NEW YORK—Love may be timeless — but its price tag definitely isn’t. A decade after 2016’s roses, chocolates, and candlelit dinners, recreating the same Valentine’s Day romance now costs more than…
- AI Moves From Experiment to Engine of Community Banking Strategy — PADUCAH, Ky.—Community banks and credit unions are no longer treating artificial intelligence as a pilot project or a back-office efficiency tool — it has become the single most dominant strategic…
- Zelle Tops $1.2 Trillion Again In 2025 As Small-Business Use Surges — NEW YORK — In 2025, American consumers and small businesses sent more than $1.2 trillion using Zelle, marking the second consecutive trillion-dollar year and delivering 20% year-over-year growth in…
- NASCUS Weighs In On NCUA Deregulation, Urges Clarity And Risk-Based Oversight — ARLINGTON, Va.--The National Association of State Credit Union Supervisors (NASCUS) has submitted three comment letters to NCUA regarding the agency’s ongoing Deregulation Project and its efforts to…
- GAO Report Flags Reduced Staffing And Scope At CFPB — WASHINGTON--A recent Government Accountability Office (GAO) report examines the status of CFPB’s reorganization efforts, noting the Bureau has “taken actions to reduce the size and scope of its…
- NCUA Proposes Rule for Permitted Payment Stablecoin Issuer Applications — Alexandria, VA (February 11, 2026) ― Today, the National Credit Union Administration (NCUA) announced a Notice of Proposed Rule Making outlining the framework for applicants seeking NCUA approval to…
- DCUC Highlights Housing Finance And Small Business Lending Priorities In Letters To Congress — WASHINGTON—The Defense Credit Union Council Tuesday submitted a letter to House Financial Services Subcommittee on Housing and Insurance Chairman Mike Flood and Ranking Member Emanuel Cleaver…
- largely upholding — CHICAGO — In a closely watched ruling issued Tuesday, Chief U.S. District Judge Virginia M. Kendall delivered a split decision on Illinois’ Interchange Fee Prohibition Act (IFPA), dealing credit…
- Judge Keeps Illinois Swipe-Fee Ban Intact, Clearing Path for High-Stakes Appeal — CHICAGO — In a closely watched ruling issued Tuesday, Chief U.S. District Judge Virginia M. Kendall delivered a split decision on Illinois’ Interchange Fee Prohibition Act (IFPA), dealing credit…
- U.S. Household Debt Hits New High As Balances Climb To $18.8 Trillion — NEW YORK- Total U.S. household debt reached a record $18.8 trillion in the fourth quarter, rising by $191 billion, as mortgage, credit card, auto, HELOC and student loan balances all increased,…
- Velera Recognized On Forbes’ America’s Best Midsize Employers 2026 List — TAMPA-- Velera has been named to Forbes’ America’s Best Midsize Employers 2026 list, produced in collaboration with Statista — the company’s fourth consecutive year receiving the honor, the CUSO…
- DCUC Warns DHS Shutdown Likely As Funding Talks Stall — WASHINGTON — The Defense Credit Union Council is bracing for a likely Department of Homeland Security shutdown at midnight Friday, warning that Coast Guard members could be forced to work without…
- Family Savings Credit Union To Buy Two Citizens Bank & Trust Branches — RAINBOW CITY, Ala.—The $1.1-billion Family Savings Credit Union here has agreed to acquire the Elkmont and Rogersville branches of Citizens Bank & Trust in this state, marking the credit union’s…
- Bias Suit Against Navy Federal Gets Second Chance In 4th Circuit — RICHMOND, Va.--The U.S. Court of Appeals for the Fourth Circuit on Monday revived part of a discrimination lawsuit against Navy Federal Credit Union, ruling that a lower court moved too quickly in…
- ACU Urges CFPB To Raise HMDA Reporting Threshold For CUs — WASHINGTON--Pushing for an increase in the Home Mortgage Disclosure Act (HMDA) reporting threshold, America’s Credit Unions responded to the CFPB’s HMDA data collection request for comment. The…
- ACU Backs 'Common-Sense' NCUA Updates To Supervisory Committee Rules — WASHINGTON--Calling them “common-sense updates,” America’s Credit Unions is backing the NCUA’s proposed updates to Part 715 that modernize supervisory committee audit and verification requirements…
- ACU: Data Show Credit Unions Dramatically Outperform Big Banks On Key Metrics — WASHINGTON--As national policy discussions focus on affordability and access to financial institutions, new data reinforces that credit unions are a beacon of affordability, significantly…
- DCUC Submits Statement for Record on Secondary Mortgage Market and Military Homeownership — The Defense Credit Union Council (DCUC) today submitted a letter to House Financial Services Subcommittee on Housing and Insurance Chairman Mike Flood and Ranking Member Emanuel Cleaver following…
- NCUA Announces Fifth Round of Deregulation Proposals — Alexandria, VA (February 10, 2026) – The National Credit Union Administration today announced the fifth round of proposed regulatory changes associated with NCUA’s Deregulation Project. The project…
- Housing For the 21st Century Act Passes House 390–9 With CU Board Amendment — WASHINGTON--The bipartisan Housing for the 21st Century Act — a package designed to expand housing supply and improve affordability — cleared the House of Representatives Monday in a 390–9 vote. The…
- Frontier Credit Union Completes Acquisition Of First Citizens Bank Of Butte — BUTTE, Mont. —The $700-million Frontier Credit Union has completed its purchase of $75-million First Citizens Bank of Butte, finalizing the transaction on Feb. 1 and converting the bank’s customers…
- New OFAC Portal Aims To Streamline Voluntary Disclosures — WASHINGTON-- The Treasury Department’s Office of Foreign Assets Control has rolled out a new online portal that will change how financial institutions and other firms report potential sanctions…
- Simpson And Hernandez Make Case For Credit Unions In National Media Blitz — WASHINGTON—America's Credit Unions and the Defense Credit Union Council Monday participated in a nationwide media tour from the National Press Club here featuring DCUC President and CEO Anthony…
- Jefferson Warns AI Boom Could Lift Inflation — And Interest Rates — WASHINGTON — Federal Reserve Vice Chair Philip Jefferson said artificial intelligence could meaningfully reshape inflation and interest rates in the years ahead, arguing that durable productivity…
- DCUC Brings Credit Unions’ Voice To Media Nationwide, Highlighting Community Impact And Policy Stakes — WASHINGTON—The Defense Credit Union Council Monday participated in a nationwide media tour from the National Press Club here featuring President and CEO Anthony Hernandez in interviews with local…
- FDIC Grants More Time for Comments on Bank-Issued Stablecoin Rules — WASHINGTON — The FDIC is giving the public three more months to weigh in on its proposed rules governing bank-issued payment stablecoins. In a notice published late last week, the FDIC said it is…
- ACU Eyes Housing Bills, Reg Relief, And GAC As DC Focuses On DHS — WASHINGTON — It may look like a relatively quiet week on Capitol Hill, but behind the scenes there is plenty keeping credit union advocates occupied, according to America’s Credit Unions. While much…
- ACU Flags Risks In Fed’s Reserve Bank Payment Account Prototype — WASHINGTON--The Federal Reserve’s proposal of a Reserve Bank Payment Account prototype does address a subset of risks, but it also brings concerns, shared America’s Credit Unions in a letter to the…
- Defense CU Council Backs Housing For The 21st Century Act, Presses House To Move Quickly — WASHINGTON--The Defense Credit Union Council has sent a letter to House Financial Services Committee Chairman French Hill and Ranking Member Maxine Waters expressing strong support for H.R. 6644,…
- DCUC Urges Swift House Passage of Housing for the 21st Century Act — WASHINGTON, DC – The Defense Credit Union Council (DCUC) has sent a letter to House Financial Services Committee Chairman French Hill and Ranking Member Maxine Waters expressing strong support for…
- CFPB Tightens Rules For Credit-Report Complaints — WASHINGTON — The Consumer Financial Protection Bureau has moved to tighten requirements around its consumer complaint portal for credit and consumer reporting disputes, reinforcing that consumers…
- NCUA Steps In As $13B Cal Coast–SDCCU Deal Hangs In The Balance — SAN DIEGO — What began last spring as a bid to create a roughly $13-billion Southern California credit union first bogged down in court and has now landed on NCUA’s desk amid a widening dispute over…
- Visa Beats Estimates As Q1 Net Income Jumps 15% To $10.9B — SAN FRANCISCO — Visa reported $10.9 billion in net income for its fiscal first quarter of 2026, topping Wall Street expectations of $10.69 billion and marking a 15% jump from $9.5 billion a year…
- Fraudster Hung Up: Video Check Halts $80K Wire — SANTA CLARA, Calif. —The $700-million APL Federal Credit Union said it prevented an $80,000 wire fraud attempt after using video verification to confirm a suspicious transaction, protecting a member…
- Andrew Rogers Named Successor As Westerly CCU Prepares For Leadership Change — WAKEFIELD, R.I. — The $506-million Westerly Community Credit Union has named Andrew Rogers as incoming president, setting up a planned leadership transition when longtime CEO Stephen J. White…
- WalletHub: Credit Scores Hold Up Nationally, But State Gaps Signal Uneven Consumer Risk For Lenders — WASHINGTON — Despite rising household debt and elevated interest rates, the average U.S. credit score remains in the “good” range at 702, according to a new WalletHub analysis of TransUnion data,…
- Regulator Steps In As $13B Cal Coast–SDCCU Deal Hangs In The Balance — SAN DIEGO — What began last spring as a bid to create a roughly $13-billion Southern California credit union first bogged down in court and has now landed on NCUA’s desk amid a widening dispute over…
- California’s Credit Unions And Nevada’s Credit Unions Name Jeremy Empol President and CEO — ONTARIO, Calif./LAS VEGAS--Jeremy Empol has been appointed president and CEO of California’s Credit Unions and Nevada’s Credit Unions, effective March 9, 2026, the organizations announced. Empol…
- Hauptman: Trump Accounts Could Become Key Youth Financial-Literacy Tool With Credit Union Role — WASHINGTON — NCUA Chairman Kyle Hauptman told a federal interagency panel Friday that the new “Trump Accounts” initiative could become a powerful financial-literacy tool for young people, especially…
- Leadership Transition At Star One: Gupta Succeeds Longtime CEO Rodrigues — SUNNYVALE, Calif. — Star One Credit Union has named Minal Gupta as its new CEO, elevating an internal executive who has risen steadily through the $9.3-billion institution over the past seven years.…
- DCUC Applauds NCUA Extension of 18% Loan Interest Rate Ceiling — WASHINGTON, DC – The Defense Credit Union Council (DCUC) applauds the National Credit Union Administration (NCUA) for its decision to extend the temporary 18-percent loan interest rate ceiling for…
- NCUA Board Extends Loan Interest Rate Ceiling — Alexandria, VA (February 6, 2026) ― The National Credit Union Administration Board (Board), approved the continuation of a temporary 18-percent interest rate ceiling for loans made by federal credit…
- Members Pull the Plug: Fort Financial Votes Down $1B Merger With INOVA — FORT WAYNE, Ind. — Members of the $371-million Fort Financial Federal Credit Union have voted down a proposed merger with the $655-million INOVA FCU—the second credit union merger to be called off…
- Florida, Missouri Move To Bar Remittances By ‘Unauthorized Aliens’ — TALLAHASSEE, Fla.-- Legislators in Florida and Missouri are advancing bills that would prohibit money transfer companies from allowing “unauthorized aliens” to send cross-border remittances,…
- Credit Card ‘Swipe’ Fees Could Cost Consumers $683 Million On Valentine’s Day — WASHINGTON— Credit card swipe fees that President Donald Trump calls the “out of control Swipe Fee ripoff” could cost consumers more than $683 million in higher prices this Valentine’s Day, the…
- TTCU FCU To Pay $3M To Settle Overdraft-Fee Lawsuit — TULSA, Okla.— TTCU FCU has agreed to pay $3 million to resolve a class-action lawsuit alleging that it improperly assessed overdraft and insufficient-funds fees over nearly nine years, according to…
- GoWest Invests $200K To Expand Small Credit Union Accelerator Program — SEATTLE— The GoWest Credit Union Association is making a $200,000 investment to expand its Small Credit Union Accelerator Program, an initiative aimed at helping credit unions with assets under $250…
- Bessent Signals Shift In How Regulators Will Supervise FIs — WASHINGTON — Treasury Secretary Scott Bessent used his written testimony Thursday to the Senate Banking Committee to signal a sharp shift in how federal regulators should oversee banks and credit…
- DCUC Urges NCUA to Extend 18% Loan Rate Ceiling Beyond March 2026 — WASHINGTON--The Defense Credit Union Council is asking NCUA to extend the current temporary 18% interest rate ceiling for federal credit union loans beyond its scheduled expiration on March 10,…
- Mortgage Rates Continue To Show Stability, Hovering Near 6% — MCLEAN, Va.--The 30-year fixed-rate mortgage remained stable this past week, averaging 6.11%, Freddie Mac reported. “For the last several weeks, the 30-year fixed-rate mortgage has remained at its…
- Housing Package Heads To House Floor, Carrying Key Credit Union Provisions — WASHINGTON— A sweeping housing bill expected to hit the House floor next week appears to be on track to pass and could become the only major piece of legislation likely to reach President Trump’s…
- Hanscom FCU, Alden CU Agree To Merger Creating $2.3B Institution — LITTLETON, Mass.— The $2.1-billion Hanscom FCU here and $200-million Alden Credit Union have decided to merge, HFCU announced. Under the plan, Alden—based in Chicopee, Mass.—would become part of…
- ACU Outlines Fast-Approaching Deadlines For NCUA Comments — WASHINGTON--Comment deadlines are approaching for several of NCUA’s deregulatory proposals, and America’s Credit Unions’ latest Regulatory Comments provide the details. The agency’s comment deadline…
- Bessent Says Trump Accounts Can Later Shift To Community Institutions — WASHINGTON--Allowing community financial institutions - including credit unions – to serve as authorized Trump Account providers was raised by in the House Financial Services Committee Wednesday.…
- DCUC Urges NCUA to Extend 18% Federal Credit Union Loan Interest Rate Cap — The Defense Credit Union Council (DCUC) has formally requested that the National Credit Union Administration (NCUA) extend the current temporary 18% interest rate ceiling for federal credit union…
- Leasing Gains Ground As Credit Unions, Dealers Team Up To Tackle Auto Affordability Crisis — SAN DIEGO--With the average price of a new vehicle now topping $50,326, credit unions are leaning more heavily on vehicle leasing as a way to help members manage affordability—and auto dealers are…
- Marquis Vendor Breach Reaches 1st MidAmerica Credit Union — BETHALTO, Ill. — A data breach involving 1st MidAmerica Credit Union may have exposed sensitive personal information for more than 131,000 people, according to Strauss Borrelli PLLC. The law firm…
- ACU Says Chief Advocacy Officer Search Remains Competitive As Industry Waits — WASHINGTON — America’s Credit Unions says its search for a new chief advocacy officer remains active and highly competitive, as credit union executives privately continue to ask when one of the…
- Suspect Nabbed After Bold Daytime Robbery Of Austin Telco FCU — AUSTIN, Texas — A Round Rock man has been arrested in connection with the Jan. 28 robbery of Austin Telco Federal Credit Union, the U.S. Attorney’s Office for the Western District of Texas…
- Fiserv Expands BNPL To Debit Through Exclusive Affirm Partnership — MILWAUKEE and SAN FRANCISCO— Fiserv has entered an exclusive partnership with Affirm to add pay-over-time features to debit card programs at U.S. banks and credit unions, expanding buy now, pay…
- IBEW 26 FCU Joins Defense Credit Union Council — LANHAM, Md.--IBEW 26 Federal Credit Union here has become the newest members of the Defense Credit Union Council, the trade group announced. “While we are primarily a trades-focused credit union,…
- White House Talks Fail To Close Crypto Loophole That Could Drain FI Deposits — WASHINGTON — A White House meeting meant to break a months-long standoff between major U.S. banks and cryptocurrency firms ended this week without a deal, leaving key digital-asset legislation in…
- Consumer Advocates Blast OCC Bid To Bypass State Escrow Laws — WASHINGTON — A bid by the Office of the Comptroller of the Currency to sidestep state laws requiring national banks to pay interest on mortgage escrow accounts is being blasted as an unlawful…
- Small Credit Unions Get A Direct Seat At The Table As ACU Panel Convenes — WASHINGTON--With a goal of gathering direct input from small credit unions to better target advocacy efforts, America’s Credit Unions’ Small Credit Unions Advocacy Advisory Panel met for the first…
- Ahead Of Bessent Testimony, America’s Credit Unions Flags Key Treasury Issues For House Panel — WASHINGTON--In advance of Treasury Secretary Scott Bessent’s scheduled testimony before the House Financial Services Committee Wednesday, America’s Credit Unions highlighted multiple credit union…
- DCUC Welcomes IBEW 26 Federal Credit Union as New Member — WASHINGTON, D.C. – The Defense Credit Union Council (DCUC) proudly welcomes IBEW 26 Federal Credit Union as its newest member. Founded in 1955 by a small group of electricians working in the field,…
- Delfi Launches CUSO With One Washington Financial And Maps CU To Deliver AI-driven Balance Sheet Intelligence — NEW YORK — Delfi Labs Inc., an AI-driven balance sheet analytics firm, has launched a new credit union service organization led by One Washington Financial (OWF), the holding company of Washington…
- AI And Deepfakes Create ‘Perfect Storm’ For FI Compliance, ACAMS Warns — NEW YORK--Financial institutions are confronting a fast-moving trust crisis driven by artificial intelligence, deepfakes, and digitally networked criminal groups—forces that are rapidly outpacing…
- Amazon Pulls Plug On Checkout-Free Stores As ‘Just Walk Out’ Hits Economic Wall — SEATTLE— Amazon said it will close all Amazon Go and Amazon Fresh stores by Feb. 1, shifting its physical-retail strategy toward Whole Foods Market, grocery delivery, and new store formats after…
- Most Americans Still Lack Emergency Cash—A Warning Sign For Banks And Credit Unions — NEW YORK--At a time of sticky inflation and a softening job market, fewer than half of Americans (47%) say they could cover a $1,000 emergency expense with sufficient cash or accessible funds,…
- Federal Funding Restored, Shutdown Over — WASHINGTON--Congress approved a bipartisan spending package Tuesday that funds more than 95% of the federal government through September and ends the partial shutdown that began early Saturday.…
- Velera to Provide Debit And Credit Processing Support For 7 17 Credit Union — TAMPA-- Velera Tuesday announced it will provide 7 17 Credit Union with debit and credit card processing services and support. Serving more than 120,000 members across 12 branches, 7 17 has been a…
- Four In Ten Adults Plan To Buy Cars—A Boon for Auto Lenders, TransUnion Says — LAS VEGAS — TransUnion says strong consumer intent to buy vehicles in 2026 signals meaningful lending opportunities for auto finance providers, even as affordability pressures persist and market…
- Notre Dame FCU To Acquire Catholic United In $1.4B Merger — NOTRE DAME, Ind. — Notre Dame FCU has agreed to acquire Catholic United Financial Credit Union in a merger that would create a $1.4-billion institution serving roughly 70,000 members across Indiana…
- ACU Opposes Senate Bill That Would Create Patchwork Of State Rate Caps — WASHINGTON--Recently reintroduced Senate legislation would create a patchwork of state-by-state interest rate caps and is opposed by America’s Credit Unions, the trade group stated. Sens. Sheldon…
- House Rules Committee Advances Shutdown Deal Toward Tuesday Vote — WASHINGTON--The House Rules Committee Monday advanced the Senate-passed package to fund the federal government, setting up a potential House floor vote Tuesday that would send legislation to end the…
- ACU Warns IRS: H.R. 1 Car-Loan Deduction Would Be Costly, Unworkable — WASHINGTON--While credit unions support consumer-focused tax relief efforts in H.R. 1, the proposed car loan interest deduction provisions raise major concerns for credit unions, America's Credit…
- DCUC Applauds House Passage of Government Funding, Reaffirms Commitment to Protect Military Pay — The Defense Credit Union Council (DCUC) applauds the U.S. House of Representatives for promptly passing the government spending bill to end the government shutdown and a continuing resolution to…
- DCUC Applauds Nomination of Kevin Warsh to Serve as Federal Reserve Chair — The Defense Credit Union Council (DCUC) applauds President Trump’s nomination of Kevin Warsh to serve as Chair of the Federal Reserve and appreciates the Senate’s role in providing thorough…
- DCUC Welcomes Connection Credit Union to DCUC Membership — The Defense Credit Union Council (DCUC) proudly welcomes Connection Credit Union as its newest member. Founded in 1958 by 32 City of Bremerton employees with just $160 in assets, Connection Credit…
- SchoolsFirst FCU Cuts Mortgage Down Payments To 3% For School Employees — TUSTIN, Calif. — The $35-billion SchoolsFirst Federal Credit Union has lowered the minimum down payment requirement on mortgage loans for eligible school employee members, reducing it from 5% to 3%…
- Over One-Third of SMB Credit Union Members Open to Leaving As Digital Gaps Drive Churn Risk — NEW YORK--Small-business members may value relationships with credit unions, but digital shortcomings are putting a meaningful share of those relationships at risk, according to a new PYMNTS…
- TD Insider Used Drive-Thru Window To Fuel Massive Colombia ATM Scheme — NEWARK, N.J. — A former TD Bank employee has pleaded guilty to taking bribes in exchange for helping a money-laundering network move more than $26 million from the United States to Colombia through…
- Heartland–Novation Merger Would Create Expanded SEG-Focused Credit Union Across Minnesota — INVER GROVE HEIGHTS, Minn.—Heartland Credit Union and Novation CU have announced plans to merge, creating a combined Minnesota-based credit union that would serve members across 11 counties, pending…
- Capital One Expands Business Banking With $5.2B Brex Acquisition, — MCLEAN, Va.--Capital One is deepening its push into business banking and payments with a $5.2-billion acquisition of fintech firm Brex, unveiled alongside its fourth-quarter earnings, PYMNTS…
- Debt On The Rise: WalletHub Maps Where Collections Are Piling Up In 2026 — MIAMI--New WalletHub analysis shows wide disparities across states in the prevalence and growth of debt collection accounts, offering fresh insight into where credit stress remains most acute…
- Michigan’s Community Financial CU Adopts New ‘Orsa’ Name After 75 Years — PLYMOUTH, Mich. — Community Financial Credit Union will adopt a new name—orsa credit union—on Jan. 27, marking a rebrand the $1.5-billion cooperative says reflects its 75-year legacy and long-term…
- CUES And TruStage Launch Leadership Pathways To Expand Access To Executive-Ready Talent Across The CU System — MADISON, Wis.—CUES and TruStage Monday announced Leadership Pathways, a year-long, integrated leadership development experience designed to expand access to advanced leadership preparation across…
- Capitol Brinkmanship May Be Brief, But Impact On Families — And CUs — Is Real — WASHINGTON—A brief partial government shutdown that began over the weekend appears likely to end quickly as House leaders work to clear procedural hurdles this week. But even a short lapse has…
- Shutdown Threatens To Squeeze Already Tight Legislative Calendar For Credit Unions — WASHINGTON — Repeated government funding fights are likely to slow — and potentially reshape — how credit-union priorities move through Congress this year, according to Jason Stverak, chief advocacy…
- Why So Many Merged Credit Unions Report Negative ROAA—And What The Data Really Say About Scale — LAKE TAPPS, Wash.—The third quarter of 2025 surfaced an earnings statistic that surprised many industry observers: A meaningful share of merged credit unions reported negative ROAA, while acquired…
- Wings Credit Union Named Official Credit Union Of Timberwolves, Lynx In Multiyear Deal — MINNEAPOLIS, Minn.--The NBA's Minnesota Timberwolves and the WNBA's Minnesota Lynx on Wednesday announced a multiyear partnership naming Wings Credit Union the official credit union of both…
- Innovations FCU Names Scott Gladden President And CEO — PANAMA CITY, Fla. The $654-million Innovations Financial Credit Union has named Scott Gladden president and Chief Executive Officer, the organization announced. Gladden brings more than 36 years of…
- Michael Bell: New Washington CU Tax Will Yield ‘Not One Cent’ And Freeze Bank Deals — WASHINGTON — As the state of Washington’s new tax on credit union bank acquisitions officially takes effect, longtime dealmaker Michael Bell says the law is already achieving the opposite of what…