Fresh Today

WASHINGTON--Three bills that could help credit unions in meeting the needs of their members are at the center of discussion for the next House Financial Services Committee markup, America’s Credit Unions noted.

WASHINGTON—The Senate Banking Committee’s provisions for the Big Beautiful Bill have been released.

SEAFORD, Del.—The $464-million Tidemark FCU has named Paul Steelman as its next CEO, the Cape Gazette reported.

BATON ROUGE, La.—Campus Federal Credit Union’s merger with ALEC Federal Credit Union has been approved by ALEC FCU members, according to the Greater Baton Rouge Business Report.

SACRAMENTO, Calif.—California moved closer to embracing cryptocurrency for government transactions as the State Assembly unanimously passed Assembly Bill 1180 (AB 1180) in a 68-0 vote, according to FX Leaders.

ANAHEIM HILLS, Calif. Credit Union of Southern California (CU SoCal) has finalized its merger with LA Financial Credit Union, which included Havasu Community Credit Union—a division of LA Financial prior to the merger.

ARLINGTON, Va.—The Public Corporation for the Supervision and Insurance of Cooperatives of Puerto Rico (COSSEC) has successfully earned National Association of State Credit Union Supervisors accreditation, NASCUS reported.

WASHINGTON--The value of the credit union tax status was emphasized in letters sent to Senate leaders Monday by America's Credit Unions, the Defense Credit Union Council, AACUL and every credit union league/association.

WASHINGTON—With the Senate expected to consider the stablecoin GENIUS Act this week, the Defense Credit Union Council and America’s Credit Unions are lobbying to make sure the Credit Card Competition Act (CCCA) is not added to the bill.

WASHINGTON—Michelle Bowman, the Federal Reserve's newly appointed vice chair for supervision, recently detailed plans to reduce regulatory burdens on banks, including possible revisions to capital requirements and oversight of bank mergers.