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WASHINGTON—The likelihood of another federal government shutdown with which credit unions might have to again deal with was reduced last week when the House passed the two-year, $1.37-trillion budget deal that also would suspend the debt ceiling to July 2021.

WASHINGTON–Real gross domestic product (GDP) increased at an annual rate of 2.1% during the second quarter, according to data released by the Department of Commerce’s Bureau of Economic Analysis (BEA).

LOMPOC, Calif.–The former CEO of CoastHills CU here has issued a statement saying the credit union has wasted time and money on “failed mediation” related to his departure and that the CU’s board has little “understanding of its purpose.”

ALBANY, N.Y.–William J. Mellin, president/CEO of the New York Credit Union Association, has been appointed to serve on the Taxi Medallion Sale Prices Task Force as a lending institution representative. Mellin was appointed by New York City Council Speaker Corey Johnson.