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DENVER–CULedger, the blockchain initiative that has been led championed by CUNA and the Northwest Credit Union Association, is now a CUSO called CULedger, LLC, the two organizations said. Credit unions will have a majority ownership in the newly formed CUSO.

AUCKLAND, New Zealand: Co-op Money NZ, the trade group for New Zealand’s credit unions, and ACU, a Māori-based credit union started by the Manukau Urban Māori Authority, announced that ACU is the first Māori financial institution to launch a tier one banking platform for its 15,000 members.

WASHINGTON—Rep. Paul Cook (R-CA) is requesting signatures from his House colleagues on a letter asking the Department of Defense to exempt credit unions from the July 2015 amendments to the Military Lending Act. Credit unions are encouraged to urge their representatives to sign the letter.

IRVINE, Calif.–Public records data show that the dollar volume of all mortgages – purchase and refinance combined – originated in 2016 was nearly $2 trillion, a 15% increase over the 2015 origination amount, according to analysis released by CoreLogic.

WAUKEGAN, Ill.—The nation’s “best” online checking account is doing a lot more than driving new accounts–it’s doing what all good checking products should do—building deeper relationships.

WASHINGTON–The Independent Community Bankers of America has issued a statement of support for plans by federal agencies to simplify the Basel III regulatory capital standards for community banks and to pause the full phase-in for some regulatory capital deductions and risk weights set to take effect for community banks on Jan. 1, 2018.