WASHINGTON—America’s Credit Unions and the Defense Credit Union Council, alongside several other financial trade organizations, filed an amicus brief Friday urging the U.S. Court of Appeals for the Eighth Circuit to reverse a lower-court decision in Corner Post v. Federal Reserve that would sharply reduce debit interchange fee caps.
Fresh Today
WASHINGTON--The Defense Credit Union Council has sent a letter to President Donald Trump warning that a proposed 10% cap on credit card interest rates could backfire on the very consumers it is intended to help, particularly younger servicemembers, junior enlisted personnel, and lower-income military families who lack prime credit profiles.
SAN DIEGO — The planned merger between California Coast Credit Union and San Diego County Credit Union—first announced in April 2025—has moved from integration planning to the courthouse, with a lawsuit now challenging the attempted termination of the merger agreement and effectively freezing next steps as the dispute plays out.
LIVONIA, Mich.—Zeal Credit Union has agreed to acquire substantially all of the assets and liabilities of The Miners State Bank and its holding company, MSB Bankshares, Inc., in an all-cash transaction, the institutions announced.
WASHINGTON--With NCUA’s Deregulation Project underway, there is a month remaining in the comment period for the first set of proposals. America’s Credit Unions issued a Regulatory Comment on three proposals this week, encouraging credit unions to submit comments to the NCUA.
WASHINGTON--Credit unions’ commitment to advocacy helped raise $2.6 million for the America’s Credit Unions PAC in 2025. A record-breaking $4.3 million was also raised for the National Advocacy Fund (NAF), with the bulk of that money supporting industry-wide efforts to preserve credit unions’ not-for-profit tax status through the Don’t Tax My Credit Union campaign, ACU reported.
RICHMOND, Ind. — A former Indiana credit union CEO who used his position to secure fraudulent loans for personal use was sentenced Wednesday to federal prison, WTHR reported.
NEW YORK—For credit unions, the Gen Z challenge has shifted from providing digital access to proving relevance at moments that shape financial confidence, according to PYMNTS.
ALBANY, N.Y. — First New York FCU has named Vik Muktavaram as its next president and chief executive officer, succeeding Lucy Halstead, who is retiring following a planned transition, the credit union announced.
NEW YORK—After a volatile 2025 that tested borrowers’ budgets and lenders’ balance sheets alike, 2026 is shaping up to be another year of tactical opportunity rather than broad relief. For credit unions, that means timing, member education, and balance-sheet discipline will matter as much as rate direction itself.