WATERLOO, Iowa—A Chicago man has been sentenced to federal prison for his role in a scheme that used credit unions in Waterloo and Cedar Rapids to cash stolen U.S. Treasury checks, according to the Waterloo-Cedar Falls Courier.
Fresh Today
WASHINGTON—Credit union loans outstanding increased 0.6% in December, compared to a 0.4% increase in November of 2024 and a 0.3% decrease in December of 2023, according to America’s Credit Unions latest Monthly Credit Union Estimates.
PURCHASE, N.Y.—Mastercard announced it is launching Mastercard One Credential, a single digitally connected credential with multiple ways to pay.
WASHINGTON—With both the House and Senate in session this week, the U.S. budget resolution debate is a key focus of credit union trade groups.
WASHINGTON—Credit unions can find out the latest on FedNow’s use, evolution, statistics and other details during a virtual town hall hosted by the Federal Reserve Wednesday, at 2 p.m. ET, Americas Credit Unions reminded.
WASHINGTON—The Office of the Comptroller of the Currency is laying off 76 probationary employees, aligning with other federal banking regulators reducing staff under a directive from President Donald Trump, Bloomberg Law reported.
CHICAGO—Despite the Fed signaling it will not be aggressive with rate cuts this year, new account originations across several credit products are still expected to grow in 2025, TransUnion reported, adding there is more room for growth if lenders are not overly conservative.
ALEXANDRIA, Va.—The NCUA board will receive a briefing on the National Credit Union Share Insurance Fund during its Feb. 27 meeting, marking the first session led by Kyle Hauptman as board chairman.
OAK RIDGE, Tenn.—The $2.1 billion Y-12 Federal Credit Union has named Dustin Millaway president and CEO.
SAN ANTONIO– SWBC’s SWIVEL Transactions has promoted Amanda Crocker to President.