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WASHINGTON–Credit unions have received approximately 28%  of the $180.3.-million distributed in the most recent Department of the Treasury Community Development Financial Institutions Fund (CDFI Fund) and Native American CDFI Assistance Program (NACA Program awards

BELLEVILLE, Mich.–Two Michigan credit unions have become the latest to announce plans to merge. The $21.5-million Unified Communities FCU, which has approximately 2,756 members, said it is seeking to merge into the $3.9-billion Genisys Credit Union in Auburn Hills, Mich., which has approximately 246,000 members.

LOUISVILLE, Ky.--An early report indicates Kentucky’s credit unions have survived the deadly tornadoes that ripped through six states in the Midwest, killing at least 70 in the Bluegrass State. The fate of some of their members will become clearer this week

TULLAHOMA, Tenn. – Ascend Federal Credit Union has announced it is paying out $7 million to members in the form of bonus dividend payments, loan interest refunds and reward payments for debit card use.

SAN DIEGO — Frontwave Credit Union has become the Official Credit Union of the San Diego Sockers of the Major Arena Soccer League and will be a primary sponsor for the club during the 2021-22 season.

ALEXANDRIA, Va.—This Thursday at its open meeting the NCUA board is scheduled to address the 2022 Normal Operating Level for the Share Insurance Fund and also vote on three final rules.

WASHINGTON–There is a “growing rift” among members of the FDIC board, according to one new report.

WASHINGTON–Sen. Tim Scott (R-SC) has introduced a bill blocking a provision in the Build Back Better Act that would give the Small Business Administration (SBA) direct lending authority.

MADISON, Wis.–Mergers have been announced in four states.

WASHINGTON—Eighty-four credit unions have in total received more than $2 billion in long-term secondary capital loans from a Treasury Department program.