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RALEIGH, N.C. - Coastal Credit Union has named Michelle Shelton as Chief Operations Officer.

WASHINGTON—Good and bad news for credit union auto lenders: The Trump tariffs won’t greatly affect affordability of cars and trucks in 2025, yet overall sales of new vehicles will drop by more than two million units compared to 2024.

ATLANTA—Credit unions need to increase their efforts to educate members about how to prevent fraud, according to one analyst who points out social media is simply painting a bigger target on consumers’ backs.

WASHINGTON— The IRS's law enforcement division has introduced a new program to provide financial institutions with measurable insights into how the agency utilizes suspicious activity reports in federal crime investigations, ABA Banking Journal said.

AUGUSTA, Maine—New legislation in this state would authorize a study into how Maine can support the banking needs of the recreational and medical cannabis industries, which last year brought in about $500 million to the Pine Tree State and employed thousands of workers, the Portland Press Herald reported.