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WASHINGTON--Space Coast Credit Union has joined the Defense Credit Union Council.

If one word sums up the economy in the second half of 2025, that word would be “precarious”. Granted, the U.S. unemployment rate holds reasonably steady at 4.2%, inflation appears to be cooling (albeit slowly – it’s been very stubborn) and GDP during the second quarter of 2025 was positive at 3% following a -0.5% growth in the first quarter, a result that was significantly warped by anticipation of tariffs coming into play and associated import activity (imports actually factor as negative in terms of GDP).

WASHINGTON—Representatives Zach Nunn (R-IA) and Jim Himes (D-CN) Tuesday introduced the Taskforce for Recognizing and Averting Payment Scams (TRAPS) Act, bipartisan legislation intended to protect Americans, especially seniors, from payment fraud by creating a coordinated federal task force dedicated to preventing scams.

WASHINGTON — Mortgage applications increased 3.1% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending Aug. 1.

LAS VEGAS—The $1.5-billion One Nevada Credit Union has promoted Steve O’Donnell to president/CEO.