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WASHINGTON–Both the House and the Senate are in session this week.

BIRMINGHAM, Ala.—As the dust continues to settle on the corporate credit union crisis and some credit unions receive their final disbursements, one former NCUA chairman believes the agency performed under pressure—even though there were a few “black eyes”—against a task in which it was impossible to take perfect steps.

WASHINGTON–CUNA and several its affiliated state credit union leagues have sent a letter to NCUA urging it to work with Congress to pursue additional tools to aid credit unions facing prompt corrective action (PCA) and other capital challenges.

COLUMBIA, Md.– Credit unions and business partners came together to help raise more than $25,000 for Children’s Miracle Network Hospitals at the MD|DC Credit Union Association’s Annual Charity Golf Classic. 

NEW DELHI, India—In a move that some analysts suggest foreshadows how new payment technology can disintermediate FIs, a move by the Reserve Bank of India allows a mobile wallet user, who has fulfilled all know-your-customer (KYC) norms, to send and receive money from different mobile wallets, including the likes of Paytm and PhonePe.

BOISE, Idaho--Jeff Street has joined Horizon Credit Union as regional president for southern Idaho and eastern Oregon.