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WASHINGTON—Freddie Mac and Fannie Mae reported net incomes of $2.4 billion and $4.4 billion, respectively, in the second quarter of 2018. Each entity saw slight increases from their first-quarter gains.

TAMPA, Fla.–A bank that helps more than 750 smaller financial institutions, including some credit unions, has announced its security was breached for approximately 16 months.

WASHINGTON--The House passed legislation that would authorize the National Flood Insurance Program (NFIP) for an additional four months, until November 30.

ALEXANDRIA, Va.–NCUA is forecasting it will spend approximately $8.5 million less in 2018 than it had budgeted, primarily the result of lower personnel costs. 

MADISON, Wis. – Applications are now being accepted for the annual Excellence in Lending Awards, which recognize outstanding credit union lending results and best practices.

ALEXANDRIA, Va.–The NCUA board has voted 2-0 to put out for 30-day comment a proposal that extends by one year the effective date of its final rule on risk-based capital.

ATLANTA—Auto dealers are not optimistic about the future of auto sales for the remainder of 2018, even as they are saying they do expect showroom traffic to increase in the coming months, according to a new report.

AUGUSTA, Ga. – Peach State is sponsoring three of Golden Harvest Food Bank’s delivery trucks this year, contributing $15,000 to help feed people in more than 30 counties in the Central Savannah River Area and upstate South Carolina.

WASHINGTON—A Top Five List of issues the Bureau of Consumer Financial Protection can address to provide immediate regulatory relief to the credit union industry has been assembled by NAFCU.

WASHINGTON—Ahead of the Senate’s vote this week on its version of the FY 2019 Financial Services and General Government (FSGG) appropriations bill, the credit union trade groups continue to advocate for full funding for programs used by credit unions and are further urging the chamber to consider provisions from the House version, including a two-year delay of the NCUA’s risk-based capital (RBC) rule.