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WASHINGTON—Members of Congress this week remain in their home districts and states for the final week of August recess, but will begin returning next week when NAFCU will also be hosting its annual Congressional Caucus.

GARDNER, Mass.–Workers Credit Union here said it will unveil a memorial at the site of the former Ohave Shalom synagogue. In 2017, the synagogue was purchased for $500 by the credit union and demolished in order to become a parking lot.

OAK BROOK, Ill.–Just how do parents decide the amount the Tooth Fairy will be paying for lost teeth? And how good an indicator is the amount paid of the direction of the national economy? Important new research offers some answers.

SEOUL, South Korea–Federal investigators have made arrests in an identity theft scheme that allegedly involved thousands of U.S. service-members and veterans that also reportedly involved members of at least one credit union.

NEW YORK—A new study finds a conflict between what members say they are looking for and where credit union management teams are focused. The study further found CU members are receptive to the concept of open banking, while trust remains a large factor in their decisions to bank with a CU, a new study shows.

PORTSMOUTH, N.H. – Gordon Simmons, the former CEO of Service Credit Union, along with the credit union itself have settled lawsuits that alleged breach of contract and sexual and financial wrongdoing.

WASHINGTON—Military members need help transitioning from active duty to civilian life, and one piece of legislation currently in the House might make that move easier from some, asserts Anthony Hernandez, CEO of the Defense Credit Union Council.

WASHINGTON—Comments on a proposed delay of the current expected credit loss (CECL) standard and NCUA’s “Second Chance” proposal are among the items with comments due in the September.

LONG ISLAND, N.Y.—NEFCU has selected Fiserv as its new core processor. The company said the decision will help “drive innovation in an increasingly digital banking environment.”

TAMPA—The Federal Reserve’s recent rate cut is an opportunity for credit unions–but they need to act or risking losing members to other FIs that recognize how consumers are shopping around, according to one person.