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KENT, Wash.—One merger expert is predicting the recent acquisition of a credit union by a bank will not just set a precedent for similar acquisitions, but will also lead more credit unions to convert to private insurance.

WASHINGTON–Following strong advocacy efforts by CUNA, NAFCU and the Defense Council of Credit Unions, language that would have given banks equal access to military bases as credit unions currently has been removed from the final text of the fiscal year 2020 National Defense Authorization Act (NDAA).

WASHINGTON—Having just scored a victory on one bill, credit unions are now watching numerous other hearings and pieces of legislation in Congress. 

SCARBOROUGH, Mass.–At a special ceremony at The Locker Project Warehouse, Town & Country FCU representatives made a significant contribution to The Locker Project that will enable 500 backpacks to be created for needy kids and families over the long, upcoming holiday break.

BROOKFIELD, Wis.—Fiserv and the Milwaukee Bucks announced a new recognition program that pays tribute to the nation's military by honoring a Veteran of the Game.

LANSING, Mich. — A former teller at Michigan First Credit Union here has been charged with two counts of Embezzlement from a Financial Institution for allegedly withdrawing a total of $24,000 from the account of a 92-year-old member.

LITTLE FALLS, Minn.–The former president of a credit union here has been sentenced to eight years in prison. Margurite Cofell, 62, pleaded guilty in April to one count of fraud in what prosecutors called a multi-million-dollar scheme.