ATLANTA— For credit unions, fraud is no longer just a line item—it’s a multiplying threat. Each dollar lost now carries more than $5 in added costs, from compliance and operations to reputational damage, according to the new LexisNexis True Cost of Fraud Study 2025.
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SAN ANTONIO—Credit unions work hard to attract new members and build card portfolios—but often see that effort walk out the door when a credit card application is declined.
WASHINGTON—When the Senate Banking, Housing, and Urban Affairs Committee convenes Wednesday to weigh deposit insurance reform, Peter Rice, president and CEO of Hanscom Federal Credit Union, will be the lone voice representing credit unions.
ALEXANDRIA, Va.– Credit union auto lending remained weak in the second quarter of 2025, with total vehicle loans falling by $6.5 billion—or 1.3%—to $483.5 billion, according to the NCUA’s latest system performance data.
ALEXANDRIA, Va.—NCUA has responded to CUToday.info regarding its intentions to enforce its succession planning rule beginning in January. But the agency’s carefully worded reply, although referencing examiner enforcement, may be raising more questions than providing answers for some.
MADISON, Wis.—Credit union boards are tasked with a vital mission: to govern the institution in service of its members. But according to governance expert Dr. Amy Hillman, many boards may be neglecting an equally important responsibility—governing themselves.
NEW YORK—Credit unions that embrace open banking aren’t just keeping pace with competitors—they’re pulling ahead, new data show.
ALPHARETTA, Ga.–When consumers are presented with a compelling alternative to traditional deposits, history shows they don’t hesitate to move their money. And what once took days or weeks can now happen in minutes.
NEW YORK—In a financial landscape where the largest credit unions have traditionally outpaced smaller players in growth and innovation, new data reveals a notable shift: Small credit unions are taking meaningful steps to level the playing field—through digital transformation.
WASHINGTON—Credit unions are being pulled into the political crossfire after U.S. President Donald Trump moved to oust Federal Reserve Governor Lisa Cook, alleging she misrepresented her residency status on two mortgages.