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ALEXANDRIA, Va.—Credit unions are facing a pivotal moment in their history and must take a hard look inward, warn former NCUA Board Members Todd Harper and Tanya Otsuka. They caution that certain CU trends—like investing in major sports sponsorships and drifting from their core mission of serving people of modest means—are putting the credit union tax exemption in serious jeopardy.

WASHINGTON--As the House Budget Committee prepares to insert the House Ways and Means Committee’s tax reconciliation language into a larger legislative package, America’s Credit Unions sent a letter to the committee to encourage continued legislative support to secure the credit union tax status in the final bill. 

WASHINGTON--Legislative efforts on the state and federal level to make changes to the interchange system would bring significant challenges that harms consumers—especially those in smaller communities and low-income households, a new report reveals.

PASADENA, Calif.--Wescom Financial has named Cristobel von Walstrom Vice President of Payment Systems.