TULSA, Okla.—After being sentenced to federal prison last year, Kansas City Chiefs superfan Xaviar Babudar—known for his costumed persona “ChiefsAholic”—received an additional prison sentence this week in Oklahoma, stemming from convictions related to a multi-state spree of bank and credit union robberies, the Kansas City Star reported.
WASHINGTON—Mortgage applications increased 1.1% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending May 9, 2025.
COPENHAGEN, Denmark—The Defense Credit Union Council, together with its member credit unions serving U.S. military communities overseas, recently gathered here for the 2025 DCUC Overseas Sub-Council Conference.
SAN DIEGO—Following Sen. Elizabeth Warren’s (D-MA) request that the Department of Defense freeze a contract between the U.S. Marine Corps and $1.5-billion Frontwave Credit Union here due to what she called “excessive” overdraft fees, the Marine Corps has renewed its contract with the CU.
SAN ANTONIO—The VP of member engagement at Generations Community FCU has filed a lawsuit against the $740-mlllion institution, alleging retaliation after she cooperated in an investigation into its former CEO and president, the San Antonio Express-News reported.
WASHINGTON—Just one day after credit unions dodged a tax threat in the House Ways and Means full reconciliation bill draft, the Independent Community Bankers of America are calling on Congress to initiate a study into the tax-exempt status of credit unions.
WASHINGTON--The Consumer Price Index rose 0.2% in April on a seasonally adjusted basis, following a 0.1% decline in March, according to the U.S. Bureau of Labor Statistics.
LAS VEGAS—After a year of progress and learning with the Credit Union Data Exchange (CUDX), Adam Wright, managing director of Operations at CUDX, shares how the organization is scaling its ecosystem, streamlining onboarding, and setting the stage for greater growth.
ROCKY HILL, Ct.—The $704-million Nutmeg State Financial Credit Union here and $161-million CrossPoint FCU, based in Hamden, Conn., have agreed to merge, the organizations reported.
WASHINGTON--An Executive Order focused on “deregulation” provides opportunities to remove burdensome rules and regulations hampering credit union service to members. America’s Credit Unions highlighted those opportunities in a letter sent to the Office of Management and Budget.
