PALM DESERT, Calif. – Standing before attendees at the Defense Credit Union Council’s Annual Conference on Wednesday, Sage Steele—former ESPN anchor and now host of The Sage Steele Show—didn't talk about breaking into sports journalism or brushing shoulders with Michael Jordan. Instead, she focused on something much more personal: the lifelong lesson of choosing “the harder right over the easier wrong.”
Fresh Today
PALM DESERT, Calif.—Credit unions can no longer afford to sit on the sidelines when it comes to stablecoins. That was the blunt message from Becky Reed, COO of Bank Social, who on Wednesday told attendees at the Defense Credit Union Council Annual Conference here they need to act now to integrate distributed ledger technology (DLT) into their payments infrastructure—or risk ceding the future of financial services to outside players.
PALM DESERT, Calif.—Credit unions that embrace artificial intelligence over the next five years will significantly outperform those that don’t, predicted Alec Crawford, founder and CEO of Artificial Intelligence Risk, Inc., speaking at the Defense Credit Union Council’s Annual Conference.
MADISON, Wis.—As the financial services industry crosses the midpoint of 2025, credit unions are standing at a crossroads—recovering from a turbulent first half of the year and grappling with a host of evolving federal policies, shifting consumer behaviors, and the pressure to return to historic growth benchmarks.
WASHINGTON--The Bureau of Economic Analysis released the second quarter 2025 gross domestic product (GDP) report, showing an annual rate increase of 3%.
WASHINGTON--The Credit Card Competition Act (CCCA) should be called the “Credit Card Cancellation Act,” Electronic Payments Coalition (EPC) Director Richard Hunt told a financial services event in Washington, Wednesday. America’s Credit Unions is an EPC member, and Chief Advocacy Officer and EPC Board Member Carrie Hunt attended the event.
WASHINGTON--Credit unions continue to find new ways to innovate and serve members through the use of artificial intelligence, and there are several principles policymakers should follow to ensure this can continue. America’s Credit Unions President/CEO Jim Nussle outlined these principles in a letter to a Senate Banking subcommittee in advance of its hearing on AI’s role in capital and insurance markets.
WASHINGTON—The Federal Reserve Wednesday held its benchmark interest rate steady at 4.25% to 4.50%—a move largely anticipated by markets—but not without internal disagreement.
WASHINGTON—One day after 52 state bankers associations called on the Treasury Department to examine whether credit unions still align with the intent of their tax-exempt status, the Defense Credit Union Council is urging Treasury to launch a formal review into the implications of banks operating under Subchapter S corporation status.
WASHINGTON—Senators Alex Padilla (D-CA) and Kevin Cramer (R-ND) have introduced legislation—the NCUA Central Liquidity Facility Enhancements Act—to make permanent the temporary enhancements Congress made to NCUA’s Central Liquidity Facility during the COVID-19 crisis.