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WASHINGTON–Congress is back in session and credit unions are working to ensure they are heard rather than trampled in the “sprint to the end of the year,” according to one CUNA official.

NEW YORK–Morgan Stanley has markedly cut its U.S. housing market outlook, stating it now sees the house value correction continuing through 2023.

ALEXANDRIA, Va.—Comments on NCUA’s subordinated debt proposal and federal credit union bylaws proposal are among several proposals with comment deadlines in December.

SOUTH BEND, Ind.––Teachers Credit Union (TCU) is reporting it has awarded the majority of its nearly 800 employees a $2,000, one-time “Inflation Fighter” profit sharing bonus.

LANSING, Mich.–Credit unions in Michigan helped to raise $95,000 for Children’s Miracle Network (CMN) Hospital as part of the “Turn Up the Miracles” Radiothon held by 104.3 WOMC.

ALEXANDRIA, Va.– Another federal credit union charter—the fourth of the year—has been granted by NCUA, along with NCUSIF insurance. The newest CU in the country is now The Morning Star Federal Credit Union in Lame Deer, Mont. Plans are to commence operations in 2023.

JERSEY CITY, N.J.–The cascade of FTX-related failures in the crypto lending space continues.

NCUA’s 2023 Staff Proposed Draft budget is 84 pages. It adds 25 new positions and an 80% increase in spending on the Merit technology system.

IRVINE, Calif.—Is entering the buy now, pay later (BNPL) space a good move for credit unions?

MIAMI–Among the thousands of pieces of artwork on display here for Miami Art Week is an ATM with a twist: it ranks those withdrawing funds according to the balance in their accounts.