MARLBOROUGH, Mass. and SAN JOSE, Calif. — Members of First Tech Federal Credit Union have approved the previously announced merger with Digital Federal Credit Union, clearing the way for the two institutions to legally combine on Jan. 1, 2026.
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WASHINGTON—Automakers and consumers are unlikely to see immediate price relief following this week’s announcement of relaxed federal fuel-economy standards, according to new data and analysis from Edmunds.
GAINESVILLE, Fla.— The $850-million Radiant Credit Union here and $150-million First Coast Community Credit Union, based in Palatka, Fla., have officially merged, the organizations announced.
WASHINGTON—The International Monetary Fund has released a new framework to help central banks navigate the technical, operational, and policy challenges of launching central bank digital currencies, Banking Exchange reported.
WASHINGTON--America’s Credit Unions President/CEO Scott Simpson met with Rep. Roger Williams (R-TX) Tuesday to discuss key credit union issues.
WASHINGTON —While the outlook for credit conditions over the next six months has improved, bank economists expect continued softening in credit quality and availability given the prospect of persistent labor market headwinds, according to the American Bankers Association’s latest Credit Conditions Index.
WASHINGTON—National banks may legally conduct riskless principal transactions involving crypto-assets under new guidance issued by the Office of the Comptroller of the Currency.
WASHINGTON—Sen. Elizabeth Warren (D-Mass.), the ranking member of the Senate Banking, Housing and Urban Affairs Committee, and other Democratic members of the panel are urging Chairman Tim Scott (R-S.C.) to immediately schedule a legally required hearing with CFPB Acting Director Russell Vought before the end of the month.
MIAMI—With markets pricing in an 87% chance that the Federal Reserve will cut its benchmark rate by 25 basis points Wednesday, a new WalletHub survey finds that most Americans are far from enthusiastic about the prospect, reflecting deep-seated anxiety over inflation and growing distrust of official economic data.
WASHINGTON--As part of an advocacy network working beyond the U.S., America’s Credit Unions’ World Affairs Committee met Monday to discuss the ongoing partnership between the organization and the World Council of Credit Unions (WOCCU), ACU reported.