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DOVER, Del.—A major disruption is coming to the credit union business model—and it’s arriving faster than most expect. Stablecoins, long considered a crypto-side curiosity, are on the verge of becoming a mainstream payments rail. And with that transition comes the potential erosion of one of credit unions’ most important revenue streams: interchange fees, cautions one analyst.

WASHINGTON –Sens. Mark R. Warner (D-VA) and Todd Young (R-IN) Tuesday introduced the Fiscal Contingency Preparedness Act, bipartisan legislation to require the Department of Treasury to conduct annual “stress tests” on the federal government’s finances.

KETTERING, Ohio—John David Theobald has been named president of $854-million Day Air Credit Union, here.