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ALEXANDRIA, Va.–When credit unions merge, their respective net worth levels seem to play little role in deciding whether to pay out some of that capital to members as a result of the combination.

WASHINGTON—Questions related to the Small Business Administration’s plan to make SBA loans directly to borrowers as well as questions over fraud in the Economic Injury Disaster Loan program during the COVID pandemic were just some of the themes during a hearing by the House Small Business Committee during which SBA Administrator Isabella Casillas Guzman testified.

MILWAUKEE—Fiserv said it has partnered with the NBA’s Milwaukee Bucks and Nancy Lieberman Charities to construct a “Dream Court” in Milwaukee’s Sherman Park neighborhood, Fiserv announced.

WAUSAU, Wis.–Connexus Credit Union said it has reduced its overdraft and non-sufficient funds (NSF) fees to $4 from $29.95, saying the decision supports more equitable banking and increase giveback dollars to its member-owners.

ALEXANDRIA, Va.—A vote on its “Service Facility” rule proposal is on the agenda when the NCUA board meets today.

ARLINGTON, Va.—Total retail sales grew 1.7% in October, following September's 0.8% rise.

TYSONS, Va.— PenFed Credit Union and the PenFed Foundation served as proud sponsors of the 2021 San Antonio Business Journal Veterans in Business Awards. The awards honored 14 veterans in business during a special event at the McNay Art Museum in San Antonio.

EAST HARTFORD, Conn.– American Eagle Financial Credit Union (AEFCU) has announced a $2,500 donation to the Diaper Bank of Connecticut, which will support the organization’s efforts to provide low-income families in New Haven and Hartford counties with needed infant and toddler diapers through the state’s Diaper Bank Distribution Network.

WASHINGTON–The Independent Community Bankers of America, the American Bankers Association and the National Community Reinvestment Coalition have sent a  joint letter calling on Congress to schedule an oversight hearing for the National Credit Union Administration.