NAPERVILLE, Ill.--Friday marked the settlement of Alloya’s first multi-issuer auto loan asset-backed securitization (ABS), fully funded after being well oversubscribed by investors, the corporate CU stated.
Fresh Today
WASHINGTON—Credit union priorities surged forward in the U.S. House this week, as lawmakers passed a trio of high-impact bills shaping the future of digital finance, data privacy, and regulatory clarity—advancing the GENIUS Act to the president’s desk and sending the CLARITY Act and Anti-CBDC Surveillance State Act to the Senate.
WASHINGTON— A quiet but growing storm is gathering on consumer balance sheets, and it's being driven by student loan delinquencies—threatening to shake not just household finances, but the broader economy and the liquidity stability of credit unions, one economist asserts.
ALEXANDRIA, Va.—The NCUA board will meet Thursday, July 24, the agency announced.
SPRINGFIELD, Ore. — A Gateway Credit Union employee is facing multiple felony charges after allegedly stealing nearly $75,000 from member accounts over the past six months, according to court documents.
LEE’S SUMMIT, Mo.—Missouri Central Credit Union and Central Communications Credit Union have finalized their merger, KCTV reported.
WASHINGTON—SEC Chair Paul Atkins on Thursday expressed support for merging the Securities and Exchange Commission with the Commodity Futures Trading Commission, as lawmakers consider how best to oversee the nearly $4-trillion cryptocurrency market, POLITICO reported.
LOS ANGELES—Rize Credit Union has entered into an agreement with the NFL’s Los Angeles Chargers to become the team’s official credit union, the CU reported.
BOSTON – A former credit union loan officer was charged and has agreed to plead guilty in connection with defrauding his employer, $330-million MassMutual FCU, out of almost $1 million, the U.S. Attorney's Office for the District of Massachusetts announced.
FREMONT, Ohio—Police were called to a branch of Fremont FCU here after a passerby reported seeing three people swinging bats at an ATM.