WASHINGTON--As credit unions reach out to members affected by the federal government shutdown with numerous solutions, local news stations are sharing how credit unions are making a difference, America's Credit Unions reported.
Fresh Today
WASHINGTON—Following reports that the Treasury Department’s reduction-in-force (RIF) eliminated all staff of the CDFI Fund, effectively shuttering the program, the Defense Credit Union Council is urging Treasury to reinstate the CDFI Fund team.
NEW YORK—New PYMNTS data show that pay-later products, such as BNPL, continue to surge in growth, indicating it could be a big holiday season for the offerings.
ROCKLAND, Mass.—The $184-million Community Credit Union of Lynn here has agreed to merge into the $3.4-billion Rockland FCU, based in Rockland, Mass., RFCU announced.
EVANSVILLE, Ind.—Diamond Valley Credit Union is out more than $5,000 after a former employee allegedly carried out a series of fraudulent withdrawals from member accounts, according to Evansville Police.
KERRVILLE, Texas—Sandy Lumbley, CEO of the $160 million Kerr County Federal Credit Union, will retire on Dec. 31, concluding a 26-year career with the institution, the Kerrville Daily Times reported.
SEATTLE—GoWest Solutions announced it is partnering with Mastercard to deliver next-generation payment solutions, cybersecurity tools, and real-time data capabilities to credit unions across the GoWest region.
WASHINGTON--With the federal government shutdown likely to last at least through the weekend, and next week being the first missed paycheck for affected employees, leagues and credit unions are working to ensure members can still meet their financial obligations, America's Credit Unions reported.
WASHINGTON—Treasury Secretary Scott Bessent told community bankers Thursday that the Trump Administration is working to reverse more than a decade of regulatory drift that, in his words, left smaller institutions “too small to succeed.”
WASHINGTON— By a 77–20 vote, the Senate on Thursday approved the Fiscal Year 2026 National Defense Authorization Act (NDAA), which includes the NCUA Central Liquidity Facility Enhancements Act—a measure designed to permanently restore key CLF provisions that strengthen liquidity access for credit unions, especially smaller institutions, without costing taxpayers.