WASHINGTON — Will a Trump Administration directive issued Wednesday lead to large-scale reductions in staff at NCUA?
Fresh Today
BATON ROUGE, La.—The $725-million Pelican State Credit Union has promoted Melissa Ott to president.
WASHINGTON—Credit unions are a vital financial engine for people, small businesses, and communities, America’s Credit Unions wrote to Mark Calabria, associate director of the Office of Management and Budget (OMB).
WASHINGTON—The top Democrat on the Senate Banking Committee doesn’t appear to share the banking industry’s concerns about the credit union movement’s tax exemption, Punchbowl News reported.
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.
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.