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PROVIDENCE, R.I.–Two Rhode Island credit unions have announced merger plans. The $276-million Rhode Island Credit Union and the $30.5-million Alliance Blackstone Valley FCU in Pawtucket said they will combine operations subject to the approval of the ABVFCU membership and regulatory agencies.

NORWALK, Conn.–Both credit union trade groups were represented at a roundtable discussion here yesterday during which the Financial Accounting Standards Board discussed its Current Expected Credit Loss (CECL) model.

WASHINGTON—On top of all the worries facing federal workers who had been going without paychecks during the just-ended partial government shutdown, many were facing mounting credit card bills on government-issued plastic for which they could not receive reimbursement.

WASHINGTON—The Independent Community Bankers of America and a number of affiliated state community banking associations have filed a legal brief that strongly supports the American Bankers Association’s appeal in its lawsuit challenging NCUA’s field-of-membership rule.

SPRINGFIELD, Mo.–While the partial federal government shutdown has ended, at least for now, concerns are being expressed that many of the federal workers who missed paychecks may have turned to payday lenders and other small-dollar loans that come with high rates and unfavorable terms.