ALBANY, N.Y. — First New York FCU has named Vik Muktavaram as its next president and chief executive officer, succeeding Lucy Halstead, who is retiring following a planned transition, the credit union announced.
Fresh Today
NEW YORK—After a volatile 2025 that tested borrowers’ budgets and lenders’ balance sheets alike, 2026 is shaping up to be another year of tactical opportunity rather than broad relief. For credit unions, that means timing, member education, and balance-sheet discipline will matter as much as rate direction itself.
SAGINAW, Mich. — United Financial Credit Union is betting that financial literacy starts long before a first paycheck.
CHICAGO — The Federal Reserve said it will resume accepting penny deposits from banks and credit unions at commercial coin distribution locations beginning Jan. 14, restoring services that had been suspended amid inventory constraints following the end of penny production.
MADISON--Applications are now open for the 2026 CUES Emerge leadership development program, CUES announced.
MCLEAN, Va.--The 30-year fixed-rate mortgage remained stable this past week, averaging 6.16%, Freddie Mac reported.
HOUSTON — Texas Dow Employees Credit Union’s branch on the University of Houston campus was robbed at gunpoint Wednesday afternoon, marking the second reported robbery at the location since October, Click2Houston reported.
WASHINGTON--The Internal Revenue Service’s proposed rule on auto loan interest deduction and reporting provisions make up the latest addition to America’s Credit Unions FAQs designed to help credit unions implement H.R. 1.
WASHINGTON--Ensuring credit union priorities have the attention of Congress and regulators to start the year, America’s Credit Unions President/CEO Scott Simpson sent detailed letters to Congressional leaders and regulators Wednesday.
PHILADELPHIA — Credit unions have dramatically expanded their footprint across Pennsylvania, New Jersey, and Delaware over the past two decades, overtaking small banks in assets and consumer lending—but new research from the Federal Reserve Bank of Philadelphia raises fresh questions about how effectively that growth has translated into service for lower-income communities.