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MADISON, Wis.–America’s credit unions held 12% of total household savings in April, the highest percentage in credit union history and up from 11.6% one year ago, 9.2% 20 years ago and 4.3% 40 years ago, according to CUNA Mutual’s newest Trends Report, which is based on data through April.

SANTA ROSA, Calif.—The CEO of one small credit union is urging leaders of similar-size operations to not raise the white flag and merge out, but instead focus on a niche in which they can grow.

WASHINGTON–A merchants group is saying card swipe fees charged to Americans this July 4 weekend will cost the equivalent of “full pack of hot dogs” for “patriotic American families.”

WASHINGTON—The Independent Community Bankers of America (ICBA) is urging the Commerce Department to recognize what it says are the risks posed by digital assets — including a U.S. central bank digital currency — as policymakers consider a regulatory framework.

ST. PAUL, Minn.–Mark Cummins, president and CEO of the Minnesota Credit Union Network, has announced he will retire in April of 2023. Cummins has led the organization for 15 years.

WASHINGTON—With high housing prices affecting credit union members across the country, CUNA is pushing Congress to act on several pieces of legislation the trade group says will help ease the burden for some homebuyers.

WASHINGTON—Funding the U.S. Agency for International Development’s (USAID) Cooperative Development Program (CDP) at $50 million for FY23 would “build capacity for cooperatives around the world, including in Ukraine, according to CUNA.

LOUISVILLE, Ky.—The $316-million Class Act Federal Credit Union here has gone live with Scienaptic AI’s AI-powered credit decision platform.

CHICAGO–How does an enterprise the size and scope of Amazon continue to grow and innovate? It’s a deliberate process that involved the complete rethinking of processes and hiring, doing things “backward,” and even requiring leaders who have an idea/initiative to pitch to first write a “press release,” according to one person with first-hand knowledge.