INDIANAPOLIS– The $884-million Financial Center First Credit Union here and $51-million Indianapolis Post Office Credit Union have agreed to merge.
Fresh Today
MENDOTA HEIGHTS, Minn.—Expedition Credit Union has tapped Shawn Lannier to succeed Paul Dammann as president and CEO, the CU reported.
WASHINGTON—An Executive Order issued by Donald Trump creating the President’s Working Group on Digital Assets Markets also prohibits the federal government from developing a central bank digital currency (CBDC), America’s Credit Unions reported, noting it has raised concerns with potential CBDC development, including risks to consumer privacy with little benefit.
MADISON, Wis.—Credit union loan balances typically grow on average 8% per year over the long run. However, based on the latest data, CU loan balances are only rising at a 1.8% seasonally-adjusted annual rate, the slowest pace since 2011, TruStage shared in its latest Trends Report.
WASHINGTON—Rep. Andy Barr (R-KY) has reintroduced legislation that would subject the Consumer Financial Protection Bureau to the traditional congressional appropriations process.
WASHINGTON—The U.S. Supreme Court has ordered a stay of a nationwide injunction preventing enforcement of the Corporate Transparency Act and its requirement for businesses to report their beneficial ownership information to the Financial Crimes Enforcement Network.
WEST LAFAYETTE, Ind.—Another ATM has been ripped from its base and stolen, this time at an office of Purdue Federal Credit Union.
WASHINGTON— The CFPB has published a report about financial outcomes for cash-out refinance mortgage borrowers.
WASHINGTON—Credit union loans outstanding increased 0.4% in November, compared to a 0.4% increase in October of 2024 and a 0.3% decrease in November of 2023, according to America’s Credit Unions’ latest Monthly Credit Union Estimates.
WASHINGTON—The Fannie Mae Home Purchase Sentiment Index (HPSI) decreased 1.9 points in December to 73.1 but remained substantially higher than year-ago levels due in part to ongoing mortgage rate optimism, Fannie Mae said.