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SARTELL, Minn.— For St. Cloud Financial Credit Union, the real significance of surpassing 10 Bitcoin in member safekeeping isn’t the number itself—it’s what EVP/Chief Lending Officer Chase Larson believes it signals about a much bigger risk for credit unions: many still have no meaningful crypto strategy, even as large banks and outside platforms move aggressively to capture what could become the next layer of payments, deposits and member relationships.

WASHINGTON-- America’s Credit Unions and its Political Action Committee (PAC) will spend a combined $8 million in independent expenditures and member communications during the 2026 midterm election season to help elect a credit-union friendly 120th Congress, ACU reported.

DENVER—Colorado lawmakers have taken the next step in the growing state-by-state fight over interchange, with the state Senate on Monday advancing legislation that would bar payment card networks from charging swipe fees on the sales tax portion of card transactions—an approach credit unions have warned could create many of the same operational and legal headaches now at the center of Illinois’ closely watched swipe-fee battle.

WASHINGTON--Ahead of Tuesday's House Committee on Transportation and Infrastructure Subcommittee on Coast Guard and Maritime Transportation hearing, “Review of the Coast Guard’s Fiscal Year 2027 Budget Request,”  the Defense Credit Union Council wrote to committee leaders stressing the urgent need for full-year, uninterrupted appropriations for the United States Coast Guard and permanent statutory protections to ensure servicemembers receive pay during funding lapses.

WASHINGTON— With community bankers set to descend on Capitol Hill this week for ICBA’s annual fly-in, America’s Credit Unions defended the credit union tax exemption and pushed back on what it called “tired, unsubstantiated claims” about the industry’s role in the financial marketplace.

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ChaseLarson

Chase Larson