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RICHMOND, Ind.–The first review of CU mergers planned for 2024 finds numerous CUs that have been in the red, including one of the acquirers; a CU that said its president, manager, treasurer, loan officers and other personnel were all resigning; bonuses for senior staff at several CUs, including one that lost money, a combination of two CUs more than 600 miles apart, and the end for a credit union that began in the treasurer’s garage.

ST. PETERSBURG, Fla.—There are four areas where credit unions need to be focused in 2024, according to one person, who is citing examples drawn from grocery stores, overseas (but headed to the U.S.), and bank failures.

WASHINGTON–A second letter from members of Congress has been sent to Navy Federal Credit Union that demands more information about alleged bias in mortgage lending, including a half-dozen specific questions.

ST. PETERSBURG, Fla.– Continued evidence of a soft economic landing, as well as softening consumer spending at the end of 2023 can be seen new data from PSCU.

PLANO, Texas – Catalyst Corporate FCU is reporting it has now certified to process both Send and Receive transactions through the Federal Reserve’s instant payment rail, the FedNow  Service.

BASEL, Switzerland—Global money laundering and terrorist financing risks continue to escalate, according to the 2023 Basel Anti-Money Laundering (AML) Index. 

LAWRENCEVILLE, Ga.—Used vehicle values declined in December, but at a slower pace than in November, Black Book is reporting.