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MARLBOROUGH, Mass.—The $1-billion St. Mary's Credit Union has named longtime executive Jim Petkewich president and CEO as part of a broader leadership transition that comes as the credit union continues work on its planned merger with MetroWest Community Federal Credit Union.

ALEXANDRIA, Va.—A sweeping new NCUA proposal to implement the GENIUS Act could open the door for credit union-backed stablecoin issuance, but only through separately licensed subsidiaries operating under an extensive new federal regulatory framework that limits risks to the Share Insurance Fund.

NEW YORK--For credit unions and banks, instant payments are quickly moving from a nice-to-have feature to a competitive necessity, as younger consumers—especially Gen Z—show little patience for legacy settlement windows and increasingly reward institutions that can move money in real time.

WASHINGTON—The Cybersecurity and Infrastructure Security Agency and its G7 partners have released new joint guidance designed to improve transparency and security across artificial intelligence systems and supply chains, as governments and businesses face growing pressure to better understand the risks embedded inside rapidly expanding AI technologies.

LAWRENCEVILLE, Ga.—Black Book reported its Used Vehicle Retention Index declined in April, signaling softening wholesale values as the spring market lost some momentum late in the month.

FARMINGTON, Mich.—LOC Credit Union and Advantage One Credit Union here have announced plans to merge in a deal that would create a combined $750-million institution, pending approval by Advantage One members later this summer.