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MADISON, Wis.—Credit union loan balances rose 3.8% in the year ending in July 2024, slower than the 11.4% pace reported in the year ending in July 2023, due to higher interest rates, tight credit union liquidity and strong competition from finance companies, according to TruStage’s newest Trends Report.

NEW ORLEANS—America’s Credit Unions has joined several organizations to file an amicus brief with the Fifth Circuit Court of Appeals that supports a challenge to the CFPB’s 2022 update to its Exam Manual.

CHICAGO—A new report reveals fraud is costing businesses nearly 7% of their annual revenue, with a growing percentage of the losses driven by synthetic identity lending fraud.

MADISON, Wis.—Membership in the global credit union movement topped 411 million, while assets surpassed $3.7 trillion last year, according to the World Council of Credit Unions’ 2023 Statistical Report.

BATON ROUGE, La.--Neighbors Federal Credit Union recently celebrated its annual Neighbors Day.