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ALEXANDRIA, Va.—While the NCUA’s sweeping new stablecoin proposal may clear a long-awaited regulatory hurdle for credit unions, one fintech executive said the bigger strategic question now facing the industry is whether credit unions should actually issue their own stablecoins at all—or instead focus on becoming the trusted bridge between digital dollars and traditional insured deposits.

WASHINGTON--Aligning the Federal Housing Administration’s home loan program with government sponsored enterprises (GSEs) Fannie Mae and Freddie Mac’s conventional financing standards would improve the program’s effectiveness and appeal. America’s Credit Unions joined other organizations to send specific recommendations to Department of Housing and Urban Development Secretary Scott Turner last week.

PANAMA CITY, Fla.—Kristie McLane, director of community business development at Innovations Financial Credit Union, has graduated from Leadership Northwest Florida Class IV, a regional leadership development program focused on strengthening collaboration and economic development across Northwest Florida.

WAYNESVILLE, N.C.—The $370-million Mountain Credit Union has promoted Suzie Shook to chief executive officer following the retirement of Amy Woody, who had led the credit union since September 2020.

CHICAGO--Part of ongoing efforts against the Illinois Interchange Fee Prohibition Act, America’s Credit Unions and the Illinois Credit Union League have teamed up to produce and place multiple ads appearing in markets across the state.

Long before likes, follows, shares, and friend requests, people built networks another way: They showed up for each other.

TAMPA--Despite a sharp increase in gasoline prices, consumers kept spending in April, posting strong growth in debit and credit card transactions and purchases, according to the May edition of the Velera Payments Index.