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CAIRNS CITY, Queensland, Australia–A credit union here is alleging its former CEO awarded more than $2 million in unnecessary, “uncommercial” contracts to companies, including one that was owned by his wife.

SAN FRANCISCO– The Federal Home Loan Bank of San Francisco said it is allocating $4 million to its annual Access to Housing and Economic Assistance for Development (AHEAD) economic development program.

RICHLAND Wash.–Gesa Credit Union said it is acquiring Centralia, Wash.-based Security State Corp., the holding company of Security State Bank.

NEW YORK—Nearly six-in-10 businesses globally (57%) say they expect to never be entirely cashless. despite the widespread adoption of electronic, card and mobile payments, a new study shows.

FRANKFURT, Germany—A new study reveals 86% of Germans are open to a Euro central bank digital currency (CBDC).

FRESNO, Calif.–Noble Credit Union has launched a 40-year mortgage product it said is designed to offer a more affordable and accessible alternative to traditional 30-year mortgages.

ORLANDO, Fla.–One of the best color commentators in college basketball shared  numerous insightful observations with credit union leaders here, beginning with why “everything you do is important”--most especially that which seems unimportant—and ending with a life lesson from ladders. 

BASEL, Switzerland—The Financial Stability Institute, part of the Bank for International Settlements (BIS), has published a review of stablecoin regulations across several jurisdictions,. 

BOULDER CITY, Nev.–CU Pride said it has chosen “redefining DEI” as the theme for CU Pride Month in June.