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OCEANSIDE, Calif.–In response to a letter from six members of Congress who criticized its overdraft policies and alleged it was hurting young members of the military, Frontwave Credit Union has sent a seven-page letter that counters the accusations that have been made about its offerings and says that to the contrary, it is “intently focused” on serving its members.

ST. PETERSBURG, Fla.– During April growth rates among credit union cardholders were positive, but only up “modestly” year over year, according to Velera.

WASHINGTON—There will not be “any credit unions left” if the over-regulation of the CU community isn’t brought out control, America’s Credit Unions has told Congress.

WASHINGTON–Even as delinquency rates for some commercial real estate (CRE) loans and certain consumer loans are now above pre-pandemic levels, most banks are building capital and liquidity levels above regulatory requirements, the Federal Reserve said in a new report.

SNELLVILLE, Ga.–The African American Credit Union Coalition will hold its next Friday Conversation in its Commitment to Change series today when it honors six people who have won its Young Professional Leadership Awards.

WASHINGTON—The House Financial Services Committee was told the Community Development Financial Institution (CDFI) Fund needs additional oversight so it can effectively support underserved communities, according to America’s Credit Unions.

WASHINGTON—All seven credit union-supported candidates won in this week’s primary elections in Maryland, Nebraska, and West Virginia, America’s Credit Unions reported.

HONOLULU–Aloha Pacific FCU has selected PSCU/Co-op Solutions to provide credit and debit card processing services and support.