WASHINGTON—Credit unions will be notably absent from Tuesday’s House Financial Services Committee hearing on deposit insurance—an omission that the Defense Credit Union Council says leaves nearly half of U.S. depositors without a voice.
Fresh Today
WASHINGTON—Congressional leaders are racing to finalize the National Defense Authorization Act (NDAA) this week, setting up the must-pass legislation as December’s central vehicle—and a potential battleground for preserving several key credit union priorities.
EL PASO, Texas—After a brief lull in credit union purchases of banks earlier this year, the pace of deals is accelerating again, as $4.43-billion GECU here announced Monday that it will acquire $186.8-million Bank of the Southwest, based in Roswell, N.M.
LANCASTER, S.C.—Leadership at the state’s largest federal credit union has been thrown into uncertainty after Founders Federal Credit Union confirmed that its president and CEO-in-waiting, Keith Wilson, is no longer with the organization—just weeks before he was set to take over as chief executive, Yahoo News reported.
WASHINGTON—The Bank Policy Institute (BPI) has released a series of letters urging the Office of the Comptroller of the Currency to reject five pending limited-purpose national trust company charter applications submitted by digital assets firms Ripple, Circle, Paxos and National Digital Trust Company, and payments firm Wise.
NAPERVILLE, Ill.— Credit unions gained a powerful new liquidity tool this summer when Alloya Corporate FCU completed what it says is the first-ever multi-issuer auto loan asset-backed securitization (ABS).
WASHINGTON—Bankers have reportedly intensified their campaign to weaken credit unions’ standing on Capitol Hill, circulating a draft letter that urges Treasury Secretary Scott Bessent to impose new reporting requirements on large federal credit unions, according to a document obtained by CUToday.info.
WASHINGTON—The Trump Administration is floating a new housing idea—“portable mortgages”—as it looks for alternatives after its 50-year mortgage proposal drew heavy backlash, Newsweek reported.
WASHINGTON--Although the government shutdown has ended, people across the country are recovering from the impact. The Washington, D.C., area is home to many affected employees, including Congressional staffers.
WASHINGTON--Credit union loans outstanding rebounded in September according to the latest America’s Credit Unions Monthly Credit Union Estimates.