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WASHINGTON—Credit unions may have dodged a bullet in the budget reconciliation bill signed by President Trump, but the reprieve could be short-lived.

WASHINGTON--Recommendations on the NCUA’s strategic plan, budget, and restructuring were sent to the agency in a detailed comment letter from America’s Credit Unions Regulatory Advocacy Senior Counsel Luke Martone. 

PLANO, Texas—Americans now owe more on their homes, cars, credit cards, and student loans than ever before, with total household debt hitting a record $18.39 trillion in the second quarter of 2025—a surge driven largely by bigger mortgages and a steady climb in non-housing debt, reports Brian Turner.

LAWRENCEVILLE, Ga.—Used vehicle values continued their summer decline in July, with Black Book’s Used Vehicle Retention Index dropping 1.1% (1.6 points) to 146.5 from June 2025 (148.1), which is 1.0% above where it was at the same time in 2024.

MARLBOROUGH, Mass.—St. Mary’s Credit Union here and MetroWest Community FCU in Framingham, Mass., have announced plans to merge, Worcester Business Journal reported.

WAILUKU, Hawaii—The $469-million Maui County Federal Credit Union has named Michele Kawahara president and CEO, effective Sept. 1, Maui News reported.