Credit Union News — September 2026
Credit union industry reporting published in September 2026.
- Robinhood Expands Prediction Markets Through Crypto.com Deal — MENLO PARK, Calif.—Robinhood is expanding its prediction-markets business through a partnership with Crypto.com and its recently spun-off OG.com platform, adding another venue through which…
- Mastercard Expands Push Into AI-Powered Commerce — PURCHASE, N.Y.—Mastercard is expanding its push into agentic commerce with new capabilities designed to allow artificial intelligence agents to discover products, assemble purchases and complete…
- Mexico Remittances Rise For Sixth Straight Month — MEXICO CITY, Mexico--Family remittances to Mexico rose 3% year over year in July to $5.57 billion, marking the sixth consecutive month of annual growth, according to Banxico data cited by…
- White Sands FCU Lands NMSU Arena Naming Rights In $13M Deal — LAS CRUCES, N.M.—White Sands Federal Credit Union will put its name on New Mexico State University’s basketball arena under a $13 million naming-rights agreement approved unanimously by the NMSU…
- Sharetec Systems Coming Back Online, But Cleanup Continues — FORT WAYNE, Ind.—Credit unions continued returning to normal operations over the weekend following the widespread Sharetec outage, although some institutions were still reconciling transactions and…
- Settlement Conference Set In NCUA’s $95M JAFCU Case — JACKSON, Miss.—NCUA and three defendants in its civil case involving the alleged misappropriation of approximately $95 million from Jackson Area Federal Credit Union have been ordered to appear next…
- Anthropic, Accenture Commit $2B To Embedded AI Safety Effort — SAN FRANCISCO--Anthropic and Accenture are each expected to commit at least $1 billion over the next five years to a new partnership aimed at expanding AI safety testing, including embedding…
- Alloya Celebrates The Power Of Cooperation By Unveiling The Alloya Hall Of Champions — NAPERVILLE, Ill.—Alloya Corporate Federal Credit Union has created a Hall of Champions as part of its 15th anniversary, recognizing eight credit union leaders who helped establish the corporate and…
- Mortgage Rates Climb Above 7% After Fed Rate Increase — WASHINGTON--Mortgage rates moved mostly higher late last week following the Federal Reserve’s first rate increase in three years, with the average 30-year fixed mortgage climbing above 7%, according…
- Registration Opens For America’s Credit Unions’ GAC 2027 — WASHINGTON--Registration is now open for America’s Credit Unions Governmental Affairs Conference (GAC) 2027. With a theme of “Seize the opportunity,” it’s set for Feb. 28 to March 3 at the Walter E.…
- Judge Rejects Class Certification In Wells Fargo Mortgage Fee Case — SAN FRANCISCO—A federal judge has refused to certify a proposed class of Wells Fargo mortgage borrowers who claim the bank improperly charged them rate-lock extension fees when Wells Fargo itself…
- 3 Puerto Rico Cooperativas Become First To Join FHLBank System — NEW YORK—Three Puerto Rico cooperativas have become the first on the island to join the Federal Home Loan Bank System, giving the financial cooperatives access to an additional source of liquidity…
- U.S. Bank Challenges Ruling Allowing Former AI Chief’s Race-Bias Suit To Proceed — CHARLOTTE, N.C.— U.S. Bank is asking a federal judge to reject a magistrate judge’s recommendation allowing a former artificial intelligence executive’s race-discrimination claim to proceed, arguing…
- With CLARITY Act Stalled, DCUC Turns To NCUA For Digital Asset Answers — WASHINGTON—With congressional action on digital-asset legislation stalled, the Defense Credit Union Council is turning to the NCUA, urging Chairman John Crews to spell out what credit unions can—and…
- CU CEO Says AI-Doctored ‘Lake America’ Photo Led to Death Threats, Cut Trip Short — SAGINAW, Mich.— The CEO of Family First Credit Union says an AI-altered family photo that went viral and triggered an online backlash was intended as a joke—not a political statement—and ultimately…
- Sharetec Outage Stretches Into Fourth Day; Users Conference Postponed — FORT WAYNE, Ind.—The widespread Sharetec outage that has disrupted credit unions around the country stretched into a fourth day Friday, with some institutions still unable to provide normal account…
- Fed Plans Stress-Test Overhaul To Cut Capital Requirement Volatility In Half — LONDON—The Federal Reserve is preparing to finalize an overhaul of its bank stress-testing framework that Vice Chair for Supervision Michelle Bowman said will cut volatility in stress capital buffer…
- Independent SVB Review Finds Fed Supervisors Knew Of Risks, Failed To Act; Social Media Didn’t Cause Run — LONDON—Federal Reserve bank supervisors knew or should have known about critical vulnerabilities at Silicon Valley Bank as early as March 2022 but failed to act promptly to force the bank to reduce…
- COPFCU Adds Digital Investing Through InvestiFi — CINCINNATI—Cincinnati Ohio Police Federal Credit Union is moving beyond traditional deposit services by adding investing directly to its digital banking platform, allowing members to buy stocks,…
- DCUC Presses Treasury, Congress To Raise CTR, SAR Thresholds — WASHINGTON--The Defense Credit Union Council is urging the U.S. Department of the Treasury and Congress to modernize outdated Currency Transaction Report (CTR) and Suspicious Activity Report (SAR)…
- CUs Make Final Capitol Hill Push Before Election Recess — WASHINGTON--The House is in recess, and the Senate is wrapping up business before recessing until after the election, giving credit unions’ face-to-face interaction with policymakers this week extra…
- Small CUs Put Fraud Fight At Top Of Advocacy Agenda — WASHINGTON--As credit unions nationwide face the growing problem of fraud, America’s Credit Unions Small Credit Union Advocacy Advisory Panel met Thursday to further address the issue from the small…
- ACU Updates FAQs Following Supreme Court Ruling, Crews Confirmation — WASHINGTON--A newly-updated resource from America's Credit Unions tackles frequently asked questions regarding the removal of Todd Harper and Tanya Otsuka from the NCUA board. ACU said the FAQs have…
- Vizo Conference Turns Focus To Rates, Economy, Investment Strategy — ASHEVILLE, N.C.—Interest rates, the economic outlook and investment strategy moved to center stage Thursday as Vizo Financial’s 2026 Financial Conference entered its second day at the Omni Grove…
- Debit Keeps the Edge as August Card Spending Growth Stays Positive — TAMPA--August card spending growth reflected a continued positive trend in consumer engagement. While debit purchase growth continued to outperform, credit purchase growth remained positive, but…
- CFPB Updates Mortgage Booklet Lenders Must Provide To Homebuyers — WASHINGTON—The Consumer Financial Protection Bureau has updated its “Your Home Loan Toolkit,” the consumer booklet lenders—including credit unions—generally must provide to applicants for covered…
- DCUC Asks NCUA to Assess Interchange Protections Following FDIC Proposal — WASHINGTON--The Defense Credit Union Council today Thursday sent a letter to National Credit Union Administration Chairman John Crews asking whether the agency is considering additional action…
- Senate Banking Advances Johnson CFPB Nomination; DCUC Calls For ‘Balanced’ Approach — WASHINGTON—The Senate Banking Committee voted 13-11 along party lines Thursday to advance Brian Johnson’s nomination to lead the Consumer Financial Protection Bureau, moving President Donald Trump’s…
- Debit Spending Outpaces Credit As Consumers Keep Cards Busy — TAMPA--August card spending growth reflected a continued positive trend in consumer engagement, according to the latest Velera Payments Index. While debit purchase growth continued to outperform,…
- Alloya Marks 15 Years, Unveils $10,000 CU Story Initiative — NAPERVILLE, Ill.—Alloya Corporate FCU is celebrating its 15th anniversary with a new initiative that will provide $10,000 to each of the first 250 eligible member credit unions that share stories…
- State Regulators Roll Out AI Examination Playbook For Financial Institutions — WASHINGTON—State financial regulators have rolled out a new examination framework that could give thousands of banks and other financial institutions a clearer idea of the questions examiners will…
- Sharetec Outage Knocks Credit Unions Offline Across Multiple States — FORT WAYNE, Ind.--A major outage at credit union core processor Sharetec has knocked multiple credit unions offline, disrupting online and mobile banking and leaving some credit union employees…
- Goldman Sachs Reverses Course, Now Sees Another Fed Rate Hike In October — WASHINGTON—Goldman Sachs now expects the Federal Reserve to raise interest rates again in October, reversing its previous forecast of just one rate increase this year after policymakers signaled…
- First Financial Federal CEO Church To Retire; Wheeler Named Successor — SPARKS, Md.—Eric Church, who helped oversee substantial growth and three mergers during more than a decade as CEO of First Financial Federal Credit Union, will retire Oct. 5, with current President…
- CFPB Overhaul Clearing House Panel Would Raise CU Supervision Threshold To $30B — WASHINGTON—A sweeping package of CFPB reforms that would raise the Bureau’s credit union supervision threshold to $30 billion and subject the agency to congressional appropriations advanced…
- DCUC Statement on Senate Banking Committee Advancement of Brian Johnson’s CFPB Nomination — WASHINGTON, DC – The Defense Credit Union Council (DCUC) issued the following statement following the Senate Banking, Housing, and Urban Affairs Committee’s 13–11 vote to advance President Trump’s…
- Vizo Financial Conference Puts Stablecoins, Balance-Sheet Risk & AI In Spotlight — ASHEVILLE, N.C.—From the potential disruption of stablecoins to signs of rising default risk and the growing role of artificial intelligence, some of the issues reshaping credit union financial…
- Fed Raises Rates Quarter Point As Inflation Remains Elevated — WASHINGTON—The Federal Reserve raised interest rates by a quarter percentage point Wednesday, lifting its benchmark federal funds rate to a range of 3.75% to 4% as policymakers responded to…
- Retail Sales Jump 1.2% As Consumers Keep Spending — WASHINGTON—U.S. retail sales rebounded sharply in August, rising a stronger-than-expected 1.2% as consumers increased spending across a broad range of categories despite persistent inflation…
- Bessent Signals Movement On Long-Sought CTR, SAR Reporting Relief — WASHINGTON—Treasury Secretary Scott Bessent has offered one of the clearest signals yet that the Administration is preparing changes to decades-old Currency Transaction Report and Suspicious…
- DCUC Tells Congress: Capital Access Must Include Credit Unions — WASHINGTON—The Defense Credit Union Council is urging House lawmakers to ensure credit unions are included in efforts to expand access to capital for Main Street businesses and communities ahead of…
- Cyber Incident Keeps $1.14B Hilltop Bank’s Digital Banking Offline For a Week — CASPER, Wyo.—Customers of $1.14-billion Hilltop National Bank have been without online and mobile banking for more than a week after a cybersecurity incident forced the Wyoming bank to take its…
- Revolut Breach Exposes High-Risk Customers, Raises Personal Safety Concerns — LONDON—A hacker who obtained sensitive customer data from digital financial platform Revolut targeted high-net-worth and cryptocurrency figures, raising concerns that the breach could put some…
- NCUA Says Ex-JAFCU CEO Tried To Convert Up To $200K In Points After Asset Freeze — JACKSON, Miss.—The NCUA is seeking tighter restrictions on the frozen assets of former Jackson Area Federal Credit Union CEO Leigh Bridges and two other defendants, alleging Bridges attempted to…
- NACUSO Opens Reimagine 2027 Registration, Focuses On What Credit Unions Can Build Together — RIO RANCHO, N.M. —The National Association of Credit Union Service Organizations (NACUSO) Wednesday opened registration for Reimagine 2027, its annual conference. The flagship event for credit…
- Walmart, Retail Groups Challenge $200B Visa-Mastercard Swipe-Fee Deal — BROOKLYN, N.Y.—Walmart and major retail trade groups are asking a federal judge to reject a proposed Visa-Mastercard swipe-fee settlement valued by its supporters at more than $200 billion, arguing…
- ACU/Credit Union Message Gets Full-Page Push On Capitol Hill — WASHINGTON—America’s Credit Unions is reinforcing its message to lawmakers this week with a full-page advertisement in The Hill as credit union leaders hold hundreds of meetings on Capitol Hill. The…
- ACU Caucus 2026: Attendees Hears How Voter Concerns, Midterms Could Reshape Washington — WASHINGTON--The midterm elections will determine if there’s a change in party control in the House, the Senate, or both, while President Donald Trump finishes the last two years of his second term.…
- ACU Caucus 2026: Crews Says NCUA Will Continue Reg Relief Work — WASHINGTON--NCUA’s regulatory relief work will continue under Chairman John Crews, he told attendees at Congressional Caucus Tuesday, his first in-person remarks since becoming chair, America's…
- DCUC Calls for Action on Credit Union Access to Capital Ahead of House Hearing — WASHINGTON, D.C. — The Defense Credit Union Council (DCUC) has engaged the House Financial Services Subcommittee on Financial Institutions ahead of its September 18 hearing, “Main Street Capital…
- Mastercard Launches Wallet Pay To Connect Digital Wallets Globally — PURCHASE, N.Y.—Mastercard has launched Mastercard Wallet Pay, a global portfolio of payment solutions designed to increase interoperability among digital wallets across contactless, QR-code and…
- Missouri Proposes Changes To Credit Union Tax-Assessment Deadlines — JEFFERSON CITY, Mo.—The Missouri Department of Revenue has proposed consolidating and updating the statute-of-limitations rules governing state tax assessments for credit unions, savings and loan…
- Crews Shares Early Look At NCUA Priorities During DCUC Meeting — WASHINGTON--NCUA Chairman John Crews told defense credit unions the agency intends to modernize regulation while giving credit unions room to pursue emerging technologies, including artificial…
- Experian Launches Credit Card Comparison App On ChatGPT — COSTA MESA, Calif.—Experian has launched an Experian Credit Cards app on ChatGPT, allowing consumers to discover and compare credit card offers through a conversational interface. The app lets…
- CLARITY Act Stalls In Senate As Supporters Fall Short Of 60 Votes — WASHINGTON—The Senate on Tuesday blocked the CLARITY Act from advancing, dealing a major setback to legislation that would establish a comprehensive federal regulatory framework for cryptocurrency…
- House Passes Revised Common Cents Act, Advancing Credit Union-Backed Penny Measure — WASHINGTON—The House has again approved the credit union-backed Common Cents Act, passing a revised version that would formally end production of pennies for general circulation and establish a…
- DCUC Shares Early Look At Crews’ Priorities For NCUA — WASHINGTON--NCUA Chairman John Crews told defense credit unions the agency intends to modernize regulation while giving credit unions room to pursue emerging technologies, including artificial…
- New Home Mortgage Applications Fall For Fifth Straight Month — WASHINGTON— Mortgage applications to purchase newly built homes fell 5.5% in August from a year earlier and declined 6% from July, as higher mortgage rates continued to weigh on buyers, according to…
- New York Regulator Tells Financial Firms To Update Cyber Risk Assessments As AI Threats Evolve — NEW YORK— New York’s top financial regulator is warning banks, credit unions, insurers and other financial institutions to keep cybersecurity risk assessments current as artificial intelligence and…
- Treasury Announces CDFI Fund Awards — WASHINGTON—The U.S. Treasury Department’s Community Development Financial Institutions Fund has announced its latest round of awards aimed at expanding access to affordable financial services and…
- DCUC Seeks Credit Union Parity In Digital Asset Market Clarity Act — WASHINGTON--The Defense Credit Union Council has asked the Senate Committee on Banking, Housing, and Urban Affairs to revise the proposed Senate substitute to H.R. 3633, the Digital Asset Market…
- Alloya Announces Results Of Board Elections And Appointments At Annual Meeting — NAPERVILLE, Ill.– At its Annual Meeting, held in conjunction with the corporate’s twelfth annual Credit Union Leadership Symposium, Alloya Corporate Federal Credit Union announced the election of…
- Trellance Announces Nexus, A Premier Event Connecting Capital, Innovation And Credit Union Leadership — TAMPA--Trellance Cooperative Holdings, Inc. Tuesday announced Nexus, a new event created for Trellance's Investors Club. "Nexus will bring together influential investors, visionary companies and…
- House Panel To Take Up CFPB Reform, Other Credit Union-Backed Bills — WASHINGTON--The House Financial Services Committee will mark up a series of bills this week, many of which would provide much-needed regulatory relief for credit unions. America’s Credit Unions…
- DCUC Military Advocacy Committee Hosts NCUA Chairman John Crews for Special Address and Q&A — WASHINGTON, D.C. — On Thursday, September 10, the Defense Credit Union Council (DCUC) was honored to host National Credit Union Administration (NCUA) Chairman, the Honorable John Crews, for a…
- ACU Caucus 2026: Day 1--Credit Unions Focus On Congress, Elections And Grassroots Power — WASHINGTON—America’s Credit Unions opened the first full day of its 2026 Congressional Caucus Monday with industry leaders emphasizing bipartisan advocacy, grassroots engagement and…
- Longtime UW Credit Union Leader Phillip Hellmuth Dies — MADISON, Wis.—Phillip J. Hellmuth Sr., a longtime UW Credit Union leader whose service to the credit union movement spanned more than half a century, has died, the credit union reported. Mr.…
- Banks, CUs Remain Concerned About Stablecoin Rewards In Revised Clarity Act — WASHINGTON—Senate Republicans have revised the Clarity Act in an effort to protect banks and other depository institutions from losing deposits to stablecoins, but the banking industry says the…
- ACU Caucus 2026: Meeting Brings Together Credit Union Movement, Showcases League System Leadership — WASHINGTON—Credit union leaders, volunteers and advocates from across the country are gathering in Washington this week for America’s Credit Unions’ Congressional Caucus, looking to press industry…
- Credit Union Earnings Surge 27% As Assets Reach $2.5 Trillion — ALEXANDRIA, Va.—Federally insured credit unions posted stronger earnings and continued balance-sheet growth in the second quarter, with net income surging nearly 27% from a year earlier even as loan…
- Credit Union Groups Target Digital Assets, CFPB Reform As Congress Heads Toward Election Break — WASHINGTON — Credit union advocates are bracing for a busy week in Washington, with digital asset legislation, CFPB reform, fraud measures and credit union access to capital among the issues being…
- DCUC Calls For House Committee To Pair Agricultural Market Growth With Access To Responsible Capital — WASHINGTON--Ahead of the House Committee on Agriculture’s September 16 hearing, “Increasing Demand and Opportunities for Homegrown Products Here and Abroad,” the Defense Credit Union Council is…
- Reuters Poll: Economists Now See Fed Rate Hike This Week, More Tightening Ahead — WASHINGTON—The Federal Reserve is now expected to raise interest rates this week and deliver at least one additional hike by the end of March, a sharp reversal from just days ago as hotter inflation…
- America’s Credit Unions Urges House Passage Of GUARD, Common Cents Acts — WASHINGTON--The House is expected to consider several pieces of credit union-supported legislation this week, and America’s Credit Unions urged leaders to advance the bills in a letter sent Friday.…
- NCUA Releases Second Quarter 2026 Credit Union System Performance Data — Alexandria, VA (September 14, 2026) ― The National Credit Union Administration today released its second quarter credit union system performance data for 2026. Highlights from the Second Quarter…
- DCUC Recommendations Advance Credit Union Lending, Fraud Prevention and Regulatory Reform Ahead of House Financial Services Markup — WASHINGTON, D.C. — The Defense Credit Union Council (DCUC) submitted official comments to the House Financial Services Committee ahead of its upcoming markup, outlining recommendations on five…
- DCUC Rolls Out Advocacy Playbook For Hill Visits, 2027 Priorities — WASHINGTON—The Defense Credit Union Council is rolling out a detailed congressional advocacy playbook designed to assist its member credit union’s lobbying efforts this week in Washington and during…
- OCC Gives Initial Approval To Revolut, OpenReserve National Banks — WASHINGTON—The Office of the Comptroller of the Currency has granted preliminary conditional approval for Revolut and blockchain-focused OpenReserve to establish full-service national banks,…
- Auto Debt Equals At Least Half Of Income In 170 U.S. Cities — WASHINGTON— Auto loan debt equals at least half of residents’ annual income in 170 U.S. cities, according to a WalletHub analysis that underscores growing affordability risks for vehicle buyers.…
- Banking, Credit Card Firms Draw Six Times More Complaints Than Other Financial Sectors — LONDON--Banking and credit card companies receive six times as many complaints as the average across other financial-services sectors, according to a new analysis by Huntswood, a ResultsCX company.…
- FDIC Wins Appeals Court Ruling In $1.7B Silicon Valley Bank Fight — NEW YORK—The FDIC scored another victory in its multibillion-dollar legal battle stemming from Silicon Valley Bank’s collapse, with a federal appeals court ruling the agency did not have to file a…
- Anthropic Discloses Another Claude Model Hacked External Systems In Testing — SAN FRANCISCO--Anthropic has disclosed another case in which one of its AI models hacked external systems during testing, Reuters reported, adding to concerns about the risks posed by increasingly…
- Former CU Board Member Pleads Not Guilty In $1-Million Elder Fraud Case — HARRISBURG, Pa.—A former board member of Susquehanna Valley FCU has pleaded not guilty to federal charges alleging he diverted more than $1 million in retirement savings from an elderly woman and…
- X9 Launches Industry Forum To Combat Payment Fraud — ANNAPOLIS, Md.— The Accredited Standards Committee X9 has launched an industry forum focused on identifying ways to reduce fraud across payment types and networks. Participation in the X9 Payment…
- TruStage Plans Grants For Members Hurt By Cyberattack As CEO Says Company ‘Fell Down’ — MADISON, Wis.— TruStage is developing a fund that would provide grants—not loans—to credit union members who suffered financial hardship because of its cyberattack, President and CEO Terrance…
- DCUC Presses Congress To Ensure Credit Unions Can Serve Small Businesses In Crypto — WASHINGTON—The Defense Credit Union Council is urging Congress to ensure credit unions can safely offer cryptocurrency and other digital asset services to small businesses, working families and…
- DCUC Urges Senate To Protect Overseas Military Access And Credit Union Parity In CLARITY Act — WASHINGTON—The Defense Credit Union Council is urging the Senate to address gaps in proposed CLARITY Act language that create uncertainty for military families stationed overseas and leave credit…
- Federal Regulators Propose New Third-Party Risk Guidance For Credit Unions, Banks — ALWEXANDRIA, Va.― Friday the National Credit Union Administration, the Federal Deposit Insurance Corporation, the Federal Reserve Board, and the Office of the Comptroller of the Currency requested…
- GAO Report Highlights Credit Union Burdens In Cannabis Banking — WASHINGTON--Credit union concerns are emphasized in a new cannabis banking report released Tuesday by the Government Accountability Office (GAO), America’s Credit Unions reported. America’s Credit…
- CU Loan Growth Cools To 0.25% As Mortgage, Personal Lending Decline — WASHINGTON--Credit union loans outstanding increased 0.25% in July, compared in 1.26% increase in June and a 0.26% increase in July 2025, according to America’s Credit Unions’ latest Monthly Credit…
- DCUC Highlights Credit Unions’ Practical Paths for Small Business, Digital Asset Services — ASHINGTON, D.C. — The Defense Credit Union Council (DCUC) has provided official comments to the House Committee on Small Business Subcommittee on Innovation, Entrepreneurship, and Workforce…
- FCC Advances Joint Industry-Requested TCPA Relief — WASHINGTON, D.C. -- The Federal Communications Commission (FCC) has issued a draft order and further notice of proposed rulemaking (FNPRM) addressing the “revoke all” provision of the Telephone…
- Agencies Seek Comment on Proposed Third-Party Risk Management Guidance and Issue Statement on Community Bank Engagement with Core Service Providers — Alexandria, VA (September 11, 2026) ― Today the National Credit Union Administration, the Federal Deposit Insurance Corporation, the Federal Reserve Board, and the Office of the Comptroller of the…
- Better Markets Sues Fed, Bowman Over Basel III Rulemaking Process — WASHINGTON—Better Markets has sued the Federal Reserve and Vice Chair for Supervision Michelle Bowman, alleging private communications between Bowman and Wall Street banks “corrupted” the…
- Bank Regulators Expand 18-Month Exam Cycle To Banks With Up To $6B in Assets — WASHINGTON—Federal banking regulators have issued an interim final rule doubling the asset threshold for certain community banks to qualify for an 18-month examination cycle, increasing it from $3…
- Longtime NYCUA CEO William Mellin To Step Down At Year-End — ALBANY, N.Y.—William J. Mellin will step down as president and CEO of the New York Credit Union Association at the end of 2026, concluding a 32-year career with the organization, including 26 years…
- Mortgage Rates Rise To 6.76% — MCLEAN, Va.—Mortgage rates moved higher this week, with the average 30-year fixed-rate mortgage rising to 6.76%, according to Freddie Mac's latest Primary Mortgage Market Survey. The 30-year rate…
- U.S. Bank Tests Proprietary Stablecoin In Cross-Border Payment — MINNEAPOLIS—U.S. Bank said it has successfully completed a live pilot transaction using USBDC, its proprietary U.S. dollar-backed stablecoin, for a cross-border payment between the bank's entities…
- Visa Taps Onchain Lending To Expand Credit For Stablecoin Card Programs — SAN FRANCISCO—Visa has unveiled a new approach to onchain credit aimed at helping stablecoin-linked card programs and fintechs obtain working capital by combining Visa settlement data with…
- FCC Moves To Scale Back ‘Revoke All’ Robocall Rule — WASHINGTON--The Federal Communications Commission (FCC) Wednesday issued a draft order and further notice of proposed rulemaking (FNPRM) on the "revoke all" portion of the Telephone Consumer…
- Credit Union-Backed Candidates Score Primary Wins In New Hampshire, Rhode Island — WASHINGTON--Credit union-supported candidates saw wins in this week’s primaries in New Hampshire and Rhode Island. These include Rep. Chris Pappas (D-NH), who won the Democratic primary for the…
- America’s Credit Unions Sets 3 Priorities For Final Congressional Push — WASHINGTON--Time in Washington is running out for the current Congress, but America’s Credit Unions has three priorities it is working to advance through the end of the year, the trade group noted.…
- Trump Again Calls for Credit Card Swipe Fee Reform — WASHINGTON—President Donald Trump renewed his call for credit card swipe fee reform this week, saying during the Republican midterm convention in Dallas that reducing the fees would save families…
- DCUC Responds to President Trump’s RNC Remarks, Warns Credit Card Competition Act Risks to Military Families — WASHINGTON, D.C. — The Defense Credit Union Council (DCUC) today welcomed President Donald Trump’s focus on lowering household costs in his RNC midterm convention message, while warning that the…
- Longtime Reliant CEO Pamela Heald To Retire in January — SODUS, N.Y.—Pamela Heald, who has spent more than 34 years with Reliant Community Federal Credit Union and has served as president and CEO since 2007, will retire in January 2027, the credit union…
- Crypto Group Seeks Changes To Stablecoin Customer-ID Proposal — WASHINGTON— The Blockchain Association has urged federal regulators to tailor proposed customer-identification requirements for permitted payment stablecoin issuers to how stablecoins circulate…
- Visa Adds Unified Fraud Score To A2A Protect — SAN FRANCISCO—Visa has expanded its A2A Protect platform with a unified fraud score designed to help financial institutions stop fraudulent account-to-account payments before funds leave customers’…
- Fannie, Freddie Open VantageScore 4.0 To All Lenders — WASHINGTON—Fannie Mae and Freddie Mac have opened use of VantageScore 4.0 to all of their approved single-family lenders, giving mortgage originators the option of using the alternative…
- Chime to Acquire Bank Partner Stride In $590M Deal — SAN FRANCISCO—Chime has agreed to acquire longtime bank partner Stride Bank for $590 million in cash, a deal that would give the financial technology company its own nationally chartered bank,…
- Mortgage Applications Fall As 30-Year Rate Hits 15-Month High — WASHINGTON—Mortgage applications fell 2.7% last week as the average rate on a 30-year fixed mortgage climbed to its highest level since June 2025, according to the Mortgage Bankers Association's…
- New CUSO Targets Credit Union F&I Refund Compliance — SOUTHLAKE, Texas — Lender Compliance Technologies (LCT) today announced the launch of a new credit union service organization (CUSO) – LCT CUSO – dedicated to making advanced automated-compliance…
- Most Economists Expect Fed To Hold Rates Through Year-End — WASHINGTON—The Federal Reserve is expected to hold interest rates steady at its Sept. 15-16 meeting and through the remainder of 2026, according to a Reuters poll of economists, although…
- FinCEN Clears Path For Credit Unions To Use Mobile Driver’s Licenses For Identity Verification — WASHINGTON--Updated frequently asked questions (FAQs) released by the Treasury’s Financial Crimes Enforcement Network (FinCEN) and financial regulators Tuesday address the use of state-issued mobile…
- Two New Training Programs Added To Credit Union Financial Counseling Lineup — WASHINGTON--Two new offerings are available to complement the Certified Credit Union Financial Counselor (CCUFC) Designation, America's Credit Unions announced. As detailed in a recent America’s…
- ACU’s Simpson Takes Interchange Fight To Washington Economic Forum — WASHINGTON--The credit card interchange system should be protected, especially from policies like the Credit Card Competition Act, was the focus for America’s Credit Unions President/CEO Scott…
- Hackers Drain $320 Million From Liquid Network In Massive Crypto Heist — MENLO PARK, Calif.--Hackers siphoned roughly $320 million from the Liquid Network blockchain in the latest major cryptocurrency theft, with the attackers claiming to be “white-hat hackers” who…
- Credit Card Debt Rises $29 Billion In Second Quarter — MIAMI—Americans added $29 billion in credit card debt during the second quarter of 2026, an increase about 3% larger than during the same period a year earlier, according to a WalletHub analysis of…
- 54 Credit Union Leaders Earn CUDE Designation — MADISON, Wis.—The National Credit Union Foundation has named 54 credit union leaders as the newest Credit Union Development Educators after they completed the Foundation’s Credit Union Development…
- DCUC Requests FY2027 NDAA Financial Services Section To Advance Military Financial Readiness — WASHINGTON--The Defense Credit Union Council is urging congressional leadership to work toward including a dedicated financial services section in the Fiscal Year 2027 National Defense Authorization…
- JAFCU Update: NCUA Details Private Jets, $88K Watch In Fight Over Frozen Funds — JACKSON, Miss.—The NCUA is opposing Chad Bridges’ request for access to his frozen retirement accounts, alleging he benefited from millions of dollars misappropriated from Jackson Area Federal…
- DCUC Pushes To Get Credit Union Priorities Into Must-Pass Defense Bill — WASHINGTON—The Defense Credit Union Council is urging congressional leaders to leave room for credit union and other financial services provisions in the National Defense Authorization Act (NDAA) as…
- America’s Credit Unions And Its PAC Invests 'Record' $10 million In 2026 Midterm Election — WASHINGTON--America’s Credit Unions and its PAC announced a $10-million political investment for the 2026 midterm elections, a "record investment" from the credit union industry to elect "proven…
- ACU, Other Trades, Warn VALID Act Rollout Could Create Confusion For Veteran Homebuyers — WASHINGTON--Enacted as part of the 21st Century ROAD to Housing Act, the Veterans Affairs Loan Information Disclosure (VALID) Act adds requirements for lenders to ensure eligible veterans learn…
- IRS Finalizes Car Loan Interest Deduction With ACU-Backed Changes — WASHINGTON--The Internal Revenue Service (IRS) Monday published its final rule implementing the car loan interest deduction, including several changes recommended by America’s Credit Unions, ACU…
- DCUC Military Advocacy Committee Welcomes NCUA Chairman John Crews For Special Address & Q&A — WASHINGTON--The Defense Credit Union Council announced that this month’s DCUC Military Advocacy Committee (MAC) meeting will feature a special opportunity for credit unions to hear from and engage…
- NCUA Chairman John Crews To Address America’s Credit Unions Congressional Caucus In First In-Person Appearance — WASHINGTON--Newly sworn-in NCUA Chairman John Crews will address attendees at America’s Credit Unions’ Congressional Caucus, ACU announced. The appearance marks Crews' first in-person speaking event…
- Ransomware Group Claims 50GB Stolen In Gale Credit Union Data Breach — GALESBURG, Ill.—Gale Credit Union has begun notifying individuals of a data breach that exposed names, Social Security numbers, financial account numbers and Visa credit card numbers and expiration…
- Agentic AI Could Force FIs To Rethink KYC, GlobalData Says — LONDON—The growing use of autonomous AI agents in financial services could force banks to rethink traditional Know Your Customer requirements as consumers increasingly allow technology to make…
- Trust Tops Price In Choosing Wealth Management Firms — CHICAGO--Trust and reputation matter significantly more than price when consumers choose a wealth management provider, according to new TransUnion research that also finds fraud concerns are…
- Fake Microsoft Alert Leads To $20,000 Credit Union Scam, Arrest — VENTURA, Calif.—A Northern California man is facing felony charges in an alleged computer fraud scheme in which an elderly Ventura County resident was tricked into withdrawing $20,000 from his…
- 153 Million Driver’s Licenses For Sale On Dark Web As FBI Investigates — NEW ORLEANS—The FBI is investigating a dark web identity theft service that claimed to be selling more than 153 million U.S. and Canadian driver’s license records, including sophisticated infrared…
- U.S. Adds 162,000 Jobs As Fed Rate-Hike Odds Rise — WASHINGTON—U.S. employers added 162,000 jobs in August, nearly tripling economists’ expectations, while the unemployment rate remained at 4.1%, according to the Bureau of Labor Statistics.…
- GAO Urges Congress to Close Bank Disclosure Oversight Gap — WASHINGTON—The Government Accountability Office is urging Congress to reconsider who reviews investor disclosures from publicly traded banks without holding companies, finding those institutions are…
- ESCUD Warns Vendor Oversight Bill Would Raise Small CU Costs — KENNEWICK, Wash.—The Endangered Small Credit Union Defense (ESCUD) is urging the House Financial Services Committee not to advance legislation that would restore permanent NCUA examination authority…
- Former Teller Gets Three Years For $1.5M Credit Union Embezzlement — SIOUX CITY, Iowa—A former Consumer Credit Union head teller was sentenced to three years in federal prison for participating in an embezzlement scheme that stole nearly $1.5 million and forced the…
- ACU Webinar Outlines Credit Union Stakes, Strategy In Midterm Elections — WASHINGTON--November’s election is a consequential one for credit unions, and America’s Credit Unions President/CEO Scott Simpson and Head of Political Affairs Trey Hawkins detailed credit unions’…
- NCUA Slashes Security Cost At Former JAFCU CEO’s Home By 83% — JACKSON, Miss.—The NCUA has cut the cost of round-the-clock security at former Jackson Area Federal Credit Union CEO Leigh Bridges’ home by more than 80%, reducing the expense from $3,600 to $600…
- Deseret First Names Vernon CEO As London Retires — WEST VALLEY CITY, Utah—Deseret First Credit Union has named Annalesa Vernon president and CEO, effective Jan. 4, 2027, succeeding Shane London, who is retiring after 46 years with the credit union,…
- Sierra Central, First U.S. Community Announce Merger — YUBA CITY, Calif.—Sierra Central Credit Union and First U.S. Community Credit Union have announced plans to merge, creating a Northern California credit union with more than $2 billion in assets,…
- Report: Most Companies Can’t Measure Returns On Customer Service AI — PALO ALTO, Calif.—Financial institutions and other companies are rapidly deploying artificial intelligence across customer service operations, but few can demonstrate that those investments are…
- Waller Open to Holding Rates Steady, But Warns Hike Is Possible — WASHINGTON—Federal Reserve Gov. Christopher Waller said Thursday he would support holding interest rates steady this month if upcoming data show inflation continues to ease, but warned that an…
- Mortgage Rates Rise To 6.71%, Remain Above Year-Ago Level — MCLEAN, Va.—The average rate on a 30-year fixed-rate mortgage increased to 6.71% this week, up from 6.66% a week earlier, according to Freddie Mac’s latest Primary Mortgage Market Survey. The rate…
- Trellance Announces New Collaborative Investment Capability For Credit Unions — TAMPA--Trellance Cooperative Holdings, Inc., a leading provider of technology and solutions for credit unions, Thursday announced the development of a new collaborative investment capability…
- Senate Banking Committee Chairman And House Minority Whip Join America’s Credit Unions’ Caucus Lineup — WASHINGTON--America’s Credit Unions will host its 2026 Congressional Caucus in Washington, Sept. 14 -15 at the Hyatt Regency Washington on Capitol Hill, bringing together credit union executives,…
- Foster Bill Would Restore NCUA Authority Over CU Vendors — WASHINGTON—Rep. Bill Foster (D-IL) has reintroduced legislation that would grant NCUA authority to examine and regulate third-party vendors serving credit unions, reviving a long-running and…
- ACU Webinar to Outline Credit Union Year-End Priorities — WASHINGTON--With Congressional Caucus 2026 approaching and the 119th Congress facing limited time to address legislative issues, America’s Credit Unions members can join a webinar for the latest on…
- America’s Credit Unions PAC Goes Six-for-Six In Massachusetts Primaries — WASHINGTON--All six America’s Credit Unions PAC-supported candidates won their primary elections in Massachusetts Tuesday, ACU reported. The Credit Union Elections Hub is updated with the latest…
- DCUC Opposes Sweeping Third-Party Vendor Authority Legislation — WASHINGTON, D.C. — Today, the Defense Credit Union Council expressed its opposition to H.R.10230, Strengthening Oversight for the Financial Sector Act of 2026, legislation introduced by…
- Judge Rejects SVB Parent’s $1.71B Claim Against FDIC — SAN JOSE, Calif.—A federal judge has rejected a $1.71-billion claim against the FDIC by the successor to Silicon Valley Bank’s former parent, finding that negligent decisions by the holding…
- U.S. Auto Sales Slip As Vehicle Prices, Incentives Continue to Climb — NEW YORK--U.S. new-vehicle sales slipped in July as buyers continued to face elevated prices, with GlobalData reporting light-vehicle sales declined 1.2% from a year earlier to 1.38 million units.…
- Former Pastor Convicted In $1.8M Fraud Scheme Involving Navy Federal Accounts — ST. LOUIS—A former Missouri pastor who used parishioners’ identities and Navy Federal Credit Union accounts to help carry out a nearly $1.9-million loan fraud scheme has been convicted on all 20…
- Northwest FCU Partners With InvestiFi To Add Digital Investing — HERNDON, Va.—Northwest Federal Credit Union has partnered with InvestiFi to offer investing services directly through its online and mobile banking platforms to more than 280,000 members nationwide.…
- Bank Of America VP Killed In Random Times Square Stabbing — NEW YORK—A Bank of America vice president was killed Monday afternoon in what police described as a “random and unprovoked” stabbing in Times Square. Erin Piacenti, 32, was attacked near West 42nd…
- Credit Union Leaders Convene To Shape The Future Of Financial Well-Being — PARK CITY, Utah — Credit union CEOs and senior executives from across the country came together at the St. Regis Deer Valley here this week at the National Credit Union Foundation’s inaugural…
- Regulators Clarify What Credit Unions Can Tell Members About Suspicious Activity — WASHINGTON—Federal regulators have clarified that credit unions and banks may discuss potentially fraudulent transactions and account closures with customers without violating Suspicious Activity…
- 21 Financial Giants Plan Joint Dollar Stablecoin — NEW YORK--A group of 21 global financial institutions, including Bank of America, Citi, Goldman Sachs and Wells Fargo, plans to form a company later this year to issue a U.S. dollar-denominated…
- Credit Card Debt Projected To Rise $26B In Q2 — MIAMI—U.S. credit card debt is projected to have increased by $26 billion during the second quarter to an inflation-adjusted $1.36 trillion, according to WalletHub's latest Credit Card Debt Report…
- Mortgage Applications Edge Higher As Purchase Demand Offsets Refi Decline — WASHINGTON—Mortgage applications increased 0.8% from the previous week as a modest rise in purchase activity offset a decline in refinancing, according to the Mortgage Bankers Association’s Weekly…
- ACU Urges House Panel To Advance Five Bipartisan Credit Union Bills — WASHINGTON—Ahead of Wednesday's House Financial Services Committee hearing on promoting economic growth, America’s Credit Unions sent committee leaders a letter outlining bipartisan policy proposals…
- Joint Statement on Suspicious Activity Report Confidentiality Considerations Regarding Communications with Customers — Alexandria, VA (September 2, 2026) ― The Board of Governors of the Federal Reserve System (Federal Reserve), the Federal Deposit Insurance Corporation (FDIC), the National Credit Union…
- CFPB Overhaul Could Return Large Credit Unions To NCUA Oversight — WASHINGTON—House Republicans have introduced a sweeping CFPB overhaul that would triple the threshold for direct Bureau supervision of banks and credit unions from $10 billion to $30 billion in…
- DCUC Calls On House Financial Services Committee to Advance American Lending Fairness Act — WASHINGTON--The Defense Credit Union Council Monday submitted comments to House Financial Services Committee Chairman French Hill and Ranking Member Maxine Waters ahead of the Committee’s hearing…
- DCUC Urges Congress To Expand Capital Access For Veteran, Rural Businesses — WASHINGTON—The Defense Credit Union Council is urging Congress to expand access to capital for veteran-owned and rural small businesses, arguing that targeted regulatory relief and modernized credit…
- House Clears Funding Patch, Averting Pre-Election Shutdown — WASHINGTON—The House voted 370-48 Tuesday to keep federal agencies funded through Dec. 11, averting a government shutdown before the midterm elections and setting up another funding battle at…
- NCUA Merges Conserved WeDevelopment FCU Into CommunityAmerica — KANSAS CITY, Mo.—NCUA has merged the $2.4-million WeDevelopment Federal Credit Union here into the $9-billion CommunityAmerica FCU, based in Lenexa, Kans., effective Sept. 1. The agency placed…
- TruStage Reopens Claims Center, Targets Payments By Next Week — MADISON, Wis.—TruStage has reopened its Claims Contact Center and said most life and accidental death and dismemberment claims pending before its July 11 cyberattack are expected to be paid by the…
- DCUC Supports Hill-Barr CFPB Reform Legislation, Urges Addition Of Bipartisan Commission — WASHINGTON--The Defense Credit Union Council Tuesday expressed its support for the Consumer Financial Protection Accountability and Reform Act of 2026, introduced by House Financial Services…
- ACU Podcast Details Check-Fraud Warning Signs And Safeguards — WASHINGTON--In a world of electronic payments, check fraud may seem old-fashioned, but fraudsters continue to exploit vulnerabilities in the payments system, America's Credit Unions reminded. As…
- ACU: Higher SAR, CTR Thresholds Would Free Hundreds Of CU Staff Hours — WASHINGTON--With the House back in Washington and the August recess winding down, America’s Credit Unions said it is advocating for needed modernizations to Currency Transaction Report (CTR) and…
- Harper, Otsuka Say Supreme Court Rulings Strengthen Case For Reinstatement To NCUA Board — WASHINGTON—Former NCUA Board Members Todd Harper and Tanya Otsuka are arguing that two recent Supreme Court decisions strengthen their bid for reinstatement, contending the agency belongs within the…
- DCUC Urges Congress to Expand Access to Capital for Veteran-Owned and Rural Small Businesses — WASHINGTON, D.C. — The Defense Credit Union Council (DCUC) today submitted comments for the official record of the House Committee on Small Business Subcommittee on Rural Development, Energy, and…
- WeDevelopment Federal Credit Union Merges into CommunityAmerica Federal Credit Union — Alexandria, VA (September 1, 2026) – WeDevelopment Federal Credit Union of Kansas City, Missouri, merged into CommunityAmerica Federal Credit Union of Lenexa, Kansas, effective today. Members…