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WASHINGTON—NCUA nominee John Crews used his Senate Banking Committee confirmation hearing Thursday to lay out an agenda centered on reducing regulatory burden for smaller credit unions, encouraging technological innovation and reviving the formation of new credit unions, while declining to weigh in on the legality of the NCUA's current one-member board because of pending litigation.

WASHINGTON—NCUA nominee John Crews used his Senate Banking Committee confirmation hearing Thursday to lay out an agenda centered on reducing regulatory burden for smaller credit unions, encouraging technological innovation and reviving the formation of new credit unions, while declining to weigh in on the legality of the NCUA's current one-member board because of pending litigation.

WASHINGTON—The nation's largest banks remain well positioned to withstand a severe economic downturn, with all 32 institutions tested by the Federal Reserve maintaining capital levels above regulatory minimums in the Fed's 2026 annual bank stress test released Wednesday, according to the Federal Reserve and Reuters.

WASHINGTON--Navy Federal Credit Union (Joint Expeditionary Base Little Creek-Fort Story) and Keys Federal Credit Union (Naval Air Station Key West) have been selected by the Department of the Navy as the 2025 Navy Distinguished Credit Union of the Year, the Defense Credit Union Council reported.