PASEDENA, Calif.—For California homebuyers, upgrading or purchasing a new primary residence has become an uphill climb. With home prices nearly double the national average, rising mortgage rates, and scarce inventory, buyers are under more pressure than ever.
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BISMARCK, N.D. — The Dakota Credit Union Association (DakCU) has launched the latest phase of its State-Wide Awareness Program (SWAP), an initiative designed to further strengthen consumer awareness and consideration of credit unions across North and South Dakota.
SARTELL, Minn.—The $407-million St. Cloud Financial CU plans to launch Cloud Dollar, what it says is the first stablecoin from a U.S. credit union, by late 2025, CoinDesk reported.
WASHINGTON--NCUA Chairman Kyle Hauptman joined Treasury Secretary Scott Bessent, Federal Reserve Chair Jerome Powell, and other top financial regulators at the Financial Stability Oversight Council (FSOC) meeting to discuss ongoing directives from the Trump administration and priorities for the year ahead.
ALEXANDRIA, Va.—The NCUA will hold an open board meeting on Thursday, Sept. 18, with a single agenda item: the Share Insurance Fund Quarterly Report, according to the agency’s website.
WASHINGTON—The U.S. Treasury’s Financial Crimes Enforcement Network (FinCEN) has released new guidance encouraging voluntary cross-border information sharing among financial institutions, including those overseas.
WASHINGTON—The GoWest Association leveraged advertising in The Hill to bolster its visits to Capitol Hill this week.
WASHINGTON—Treasury Secretary Scott Bessent used his first public session of the year with the Financial Stability Oversight Council to warn that economic stagnation poses as great a threat to financial stability as any external shock—and to call for a renewed focus on growth as the antidote.
ST. LOUIS—The $420-million Arsenal Credit Union has named Richard Preble president and CEO, the CU reported.
WASHINGTON--Scott Simpson, CEO of California, Nevada, and Utah credit union leagues and incoming president/CEO of America’s Credit Unions, and Anthony (Tony) Hernandez, president/CEO of the Defense Credit Union Council, met over breakfast Thursday to discuss the future of the credit union movement.