BEAUMONT, Texas — A man who, with assistance from a former branch executive, defrauded Neches FCU of more than $2 million has been sentenced to nearly five years in federal prison and ordered to repay the credit union for its losses, KFDM reported.
Fresh Today
ST. PETERSBURG, Fla.-- Velera, the nation’s premier payments credit union service organization and an integrated financial technology solutions provider, announced it has added an account validation function to its suite of online, digital and mobile channels, enabling Velera credit unions to process payments across the ACH network in real time.
WASHINGTON--As Congress prepares for critical hearings this week with U.S. Treasury Secretary Scott Bessent and USDA Secretary Brooke Rollins, the Defense Credit Union Council has engaged with both the House Committee on Agriculture and the House Committee on Ways and Means to outline key policy recommendations.
WASHINGTON— Mortgage applications increased 12.5% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending June 6, 2025.
BIRMINGHAM, Ala.—CEO Derrick Ragland Jr. will retire from the $3.6-billion Southern Energy Credit Union and the end of September, the credit union announced.
WASHINGTON--Funding levels for the Community Development Financial Institutions (CDFI) Fund and Community Development Revolving Loan Fund (CDRLF) are the focus of multiple letters sent to Congress by America’s Credit Unions ahead of Treasury Secretary Scott Bessent’s budget testimony Wednesday before a Senate Appropriations Subcommittee.
WASHINGTON--Two senators have introduced a bill to establish a task force to combat payment scams, America's Credit Unions reported.
WASHINGTON—Acting Comptroller of the Currency Rodney Hood this week reaffirmed that the OCC’s federal preemption regulations over state laws are valid.
MINNEAPOLIS, Minn.— Arise Community Credit Union plans to open its doors for business next week on Juneteenth, the Association for Black Economic Power announced.
CHADDS FORD, Pa.—The $1.8-billion Franklin Mint FCU here has agreed to merge in $300-million Benchmark Federal Credit Union based in West Chester, Pa., the credit unions announced in a joint release.