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ARLINGTON, Wash.–Two credit unions have announced CEO retirements, with one CU naming a successor and the other announcing a search.

WASHINGTON—With inflation at its highest level in four decades, analysts continue to forecast the Federal Reserve will be more aggressive in raising rates than many had expected, with a 50-basis-point increase to the federal funds rate in March now predicted.

MONTPELIER, Vermont/WILLISTON, Vermont—Two Vermont credit unions have announced plans to merge into what would be a $3 billion credit union if the deal is approved.   

SAN FRANCISCO—NAFCU and CUNA have joined with several other organizations filed an amicus brief with the United States Court of Appeals for the Ninth Circuit arguing that the CFPB’s hard line interpretation of the phrase “permitted by law” should not be too narrowly interpreted.

WASHINGTON—CUNA is expressing its support for legislation that would reform Section 1072 of the Dodd-Frank Act.

ST. PETERSBURG, Fla. —PSCU and Curinos, a provider of data intelligence business solutions across lending, deposits and digital banking, have entered into a partnership to help credit unions strategically manage their digital investments.

NEW YORK – The $4.1-billion Municipal Credit Union has been returned to membership control after being operated under conservatorship by NCUA and the New York State Department of Financial Services (DFS).

WASHINGTON—Newly released Federal Trade Commission data show consumers reported losing more than $5.8 billion to fraud in 2021, an increase of more than 70% over the previous year.

BURTON, Mich. – ELGA Credit Union has reduced its non-sufficient funds (NSF) and courtesy pay service charges to $15 from $25, saying the change will deliver $4 million in annual savings members.

WASHINGTON–CUNA’s Governmental Affairs Conference (GAC) will return to being an in-person event when it kicks off this weekend, with more than 4,000 people expected to be in attendance in Washington.