WASHINGTON--While credit unions support consumer-focused tax relief efforts in H.R. 1, the proposed car loan interest deduction provisions raise major concerns for credit unions, America's Credit Unions noted.
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TUSTIN, Calif. — The $35-billion SchoolsFirst Federal Credit Union has lowered the minimum down payment requirement on mortgage loans for eligible school employee members, reducing it from 5% to 3% of the home’s purchase price in an effort to expand access to homeownership.
NEWARK, N.J. — A former TD Bank employee has pleaded guilty to taking bribes in exchange for helping a money-laundering network move more than $26 million from the United States to Colombia through a web of shell accounts and debit cards, the U.S. Department of Justice reported.
NEW YORK--Small-business members may value relationships with credit unions, but digital shortcomings are putting a meaningful share of those relationships at risk, according to a new PYMNTS Intelligence study conducted with Velera.
MCLEAN, Va.--Capital One is deepening its push into business banking and payments with a $5.2-billion acquisition of fintech firm Brex, unveiled alongside its fourth-quarter earnings, PYMNTS reported.
INVER GROVE HEIGHTS, Minn.—Heartland Credit Union and Novation CU have announced plans to merge, creating a combined Minnesota-based credit union that would serve members across 11 counties, pending regulatory and member approval, according to a joint announcement.
PLYMOUTH, Mich. — Community Financial Credit Union will adopt a new name—orsa credit union—on Jan. 27, marking a rebrand the $1.5-billion cooperative says reflects its 75-year legacy and long-term commitment to Michigan communities.
MIAMI--New WalletHub analysis shows wide disparities across states in the prevalence and growth of debt collection accounts, offering fresh insight into where credit stress remains most acute heading into 2026 and where FIs may be seeing elevated delinquency and recovery pressure.
MADISON, Wis.—CUES and TruStage Monday announced Leadership Pathways, a year-long, integrated leadership development experience designed to expand access to advanced leadership preparation across the credit union system.
WASHINGTON—A brief partial government shutdown that began over the weekend appears likely to end quickly as House leaders work to clear procedural hurdles this week. But even a short lapse has already injected fresh uncertainty for military families, complicated an already crowded credit union legislative calendar, and highlighted once again how CUs function as a financial lifeline for affected households.