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WASHINGTON–As is often asked in credit unions after there is a CU failure of any size, the banking industry, analysts and government officials are, not surprisingly, asking how Silicon Valley Bank missed the interest rate risk that ultimately led to it failing.

WASHINGTON–The Merchants Payments Coalition has renewed its call for Congress and the Federal Reserve to move quickly on legislation around credit and debit card swipe fees, saying new data show the fees “increased dramatically again” during 2022 and now cost the average family over $1,000 a year.

RANCHO CUCAMONGA, Calif.—Co-op Solutions has added two new keynoters for its THINK 23 conference, set for May 2-4 at the JW Marriott/Starr Pass Resort in Tucson.

WASHINGTON–The median price of a home in the United States was lower in February of 2023 than it was in the same month of 2022, bringing to an end more than a decade of year-over-year increases, the longest on record, according to a National Association of Realtors report.

LAUREL, Md.–Tower Federal Credit Union has introduced a new brand identity, logo and website.

ARLINGTON, Va.—Existing home sales rose 14.5% in February to a seasonally adjusted annual rate of 4.58 million units, breaking a 12-month decline streak and representing a 22.6% decrease compared to a year ago.

SUMTER, S.C.–  SAFE Federal Credit Union has launched a program that provides first responders and other public service workers with up to $15,000 to put toward home ownership.

WAYNESBORO, Va.–A former employee of DuPont Community Credit Union has pleaded guilty in Waynesboro Circuit Court to four counts of embezzlement after tweaking computer code to transfer funds into personal accounts.

MADISON, Wis.–The Madison Common Council has unanimously passed a resolution in support of members of Office and Professionals Employees International Union Local 39 who are employed by CUNA Mutual Group and currently in a labor impasse with the company.

FLINT, Mich.–Financial Plus Credit Union has chosen PSCU to provide credit and debit card processing services and support.