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WASHINGTON–Two senators are raising concerns following an announcement by Fidelity that it will allow customers to allocate bitcoin to their 401(k) retirement accounts.

ARLINGTON, Va.–NCUA should immediately raise the permissible interest rate ceiling to mitigate unnecessary interest rate risks facing federal credit unions, NAFCU told the agency in a letter.

ALBANY, N.Y.— NAFCU and several other trade associationshavesent a letter to New York Governor Kathy Hochul and leaders in the New York State Senate expressing their concerns over the Foreclosure Abuse Prevention Act (“FAPA”), S5473D, which passed this week.

DALLAS— Baylor Health Care System Credit Union has named Delana Bolen as its new president/CEO.

CARMEL, Ind.– Allied Solutions, a provider of insurance, lending, risk management, and data-enabled products, said it has entered into a strategic collaboration with Scienaptic AI, an AI-powered credit underwriting platform provider.

AUSTIN, Texas–Amplify Credit Union is reporting it sold $300-million in loan participations in the first quarter, a new record for the credit union. It is predicting it will double the volume in Q2.

WASHINGTON–Credit unions have won one and lost one after a House committee marked up a number of bills, including one piece of legislation that had their strong backing and another—which would give NCUA oversight of third party vendors—that CUs have strongly opposed.

ARLINGTON, Va.—Existing home sales fell 2.4% in April to a seasonally adjusted annualized rate of 5.61 million units, representing a 5.9% decrease in sales compared to last year.

OXNARD, Mich.–After Genisys Credit Union and the Oxford Chamber of Commerce earlier this year launched the Genisys Credit Union Community Pride Scholarship, four graduates of Oxford High School (OHS) have each been awarded a $1,000 scholarship: Luke Farwell, Kennedy Konkle, Emma Riddle, and Makenzie Lawrey.

RALEIGH, N.C.–The SECU Foundation has renewed its support for the North Carolina State Employees Combined Campaign (NC SECC), providing up to $45,000 over the next two years to help cover costs associated with SECC’s communications platform.