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WASHINGTON—With the future of overdrafts in question, including potentially disappearing at some point, credit unions should be opening their strategic playbooks now and looking at their options, says one expert, who adds that CUSO partnerships need to be near the top of the list.

MARLBOROUGH, Mass.– The Cooperative Credit Union Association (CCUA) reported that New Hampshire Credit Unions have reached a remarkable milestone in their social responsibility efforts, supporting Make-A-Wish New Hampshire with a total surpassing $3.8 million raised.

PHILADELPHIA—The Financial Crimes Enforcement Network (FinCEN) has issued guidance to customers of financial institutions about reporting beneficial ownership information (BOI).

WASHINGTON–As expected, the Federal Reserve’s Open Market Committee has adjourned its July meeting without making any changes to rates, leaving the target range for the federal funds rate between 5.25% and 5.5%.

LONDON—U.K.-based money transfer firm Wise has released year-end results showing double-digit percentage increases in revenue and customer numbers.

TALLAHASSEE, Fla.– First Commerce Credit Union has awarded four $1,000 MyWay scholarships to credit union members ages 17-29 to help support their higher education pursuits. 

TUSTIN, Calif.–SchoolsFirst FCU’s team members raised more than $56,390 for Children’s Health of Orange County (CHOC) during CHOC Walk in the Park 2024.