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WASHINGTON–During a three-hour Senate hearing featuring the leaders of the nation’s six largest banks the most contentious moments came when Sen. Elizabeth Warren (D-MA) grilled JPMorgan Chase CEO Jamie Dimon over the bank’s overdraft practices during the pandemic.

OKLAHOMA CITY, Okla.–Starting in 2022, Oklahoma’s state-chartered credit unions will benefit from a significant reduction in the so-called privilege tax they’re required to pay, according to the Cornerstone Credit Union League.

HAGERSTOWN, Md.–Perfect Circle Credit Union has named a new president and CEO.

BOULDER CITY, Nev.–Credit unions of less than $300 million in assets—which comprise more than 75% of all CUs—made clear during one online event they are not interested in being merged or acquired, but also expressed concerns over the number of challenges facing them while also discussing how they are responding.

MADISON, Wis.—Credit union loan growth dipped in March, but expect growth to pick up as the year progresses, and rise markedly in 2022, reports CUNA Mutual Group in its latest Trends Report.

ALEXANDRIA, Va.–There are 15 proposed credit union mergers scheduled for respective member votes during June and mid-July, according to NCUA.

COLUMBUS, Ohio–Sherpa Technologies, a CUSO of Corporate One FCU, said it is partnering with Juniper Payments, the largest non-bank, cloud-based service provider of inter-bank transactions and reporting systems in the U.S., have formed a strategic partnership to provide a comprehensive portfolio of payment solutions through an integration between their respective payment hubs. 

ARLINGTON, Va.—How big of an impact are climate-related events having on credit unions? So far, according to a new survey, very little, but CU leaders say they are monitoring the risk.

HANSCOM AFB, Mass.– One lucky winner was the recipient of $20,000 this spring through Hanscom Federal Credit Union Charitable Foundation’s cash raffle, with proceeds benefitting Credit Union Kids at Heart