MADISON, Wis.— TruStage expects the majority of its key operational processes to be back online by mid-August following the sweeping cyberattack that forced the company to shut down systems earlier this month, while executives say they still do not know whether credit union member data was accessed during the incident.
Fresh Today
AVENTURA, Fla.— The Defense Credit Union Council has named 10 emerging credit union professionals to its 2026 DCUC Crashers Class, with the participants set to take part in the organization's Annual Conference Aug. 3-6 at the JW Marriott Miami Turnberry Resort & Spa here.
ALEXANDRIA, Va.--NCUA issued one conviction-based prohibition in July, the agency announced.
WASHINGTON/TALLAHASSEE, Fla. —The League of Credit Unions & Affiliates and the MD|DC Credit Union Association have signed a letter of intent to merge, a move that would create one of the nation's largest regional credit union trade organizations representing 458 credit unions with a combined $528.4 billion in assets and 36.2 million members across six states and the District of Columbia, the leagues announced.
SANDWICH, Mass.—Community financial institutions overwhelmingly view artificial intelligence as a strategic priority, but most have adopted only a limited number of AI applications while remaining deeply concerned about accuracy, security and overreliance on the technology, according to Gemineye's new 2026 AI Sentiment Report.
NEW YORK—After several years of worsening credit performance, U.S. auto loan delinquencies appear to be leveling off, a potential turning point for lenders. Morningstar DBRS said early-stage delinquencies have held steady for three consecutive quarters while serious delinquencies have also stabilized, suggesting the industry's credit quality may be nearing an inflection point—even though both measures remain well above pre-pandemic levels.
NEW YORK—OnePay, the Walmart-backed fintech, has partnered with consumer lending platform Upgrade to launch a personal loan offering that will allow customers to apply for loans ranging from $1,000 to $50,000 directly through the OnePay app, PYMNTS reported.
WASHINGTON— The U.S. Senate has moved closer to confirming John Crews to serve on the NCUA board, paving the way for him to succeed NCUA Chairman Kyle Hauptman and leaving the agency with a single board member following the Trump Administration's removal of Democratic board members Todd Harper and Tanya Otsuka earlier this year.
WASHINGTON— Federal Reserve Chair Kevin Warsh defended his decision to sharply limit the central bank’s guidance about future interest-rate moves, arguing that the resulting rise in market borrowing costs shows investors are responding more independently to economic conditions rather than waiting for direction from Fed officials.
WASHINGTON— The U.S. economy grew at a 1.5% annual rate during the second quarter, slowing from 2.1% in the first three months of the year as weaker government spending, slower investment and softer export growth offset stronger consumer spending, according to the Commerce Department's advance estimate of gross domestic product.