What First-Ever Release of Data Reveals 06/09/2024 02:50 pm ALEXANDRIA, Va.–Credit unions of more than $1 billion in assets collected more than $915 million in overdraft and non-sufficient funds fees during Q1, according to the first-ever compilation and release of such data by NCUA.
In Rare Scenario, A Public Divide in Credit Unions 06/09/2024 03:19 pm WASHINGTON–In a highly unusual departure by a credit union community that almost always puts on a unified front, America’s Credit Unions said it does not support efforts by Navy Federal Credit Union to amend the Federal Credit Union Act in a way that would allow NCUSIF insurance to cover deposits at a military bank it operates
Lawsuit Filed Against Navy FCU Over use of AI Software to Monitor Member Calls 06/09/2024 01:50 pm VIENNA, Va.–A lawsuit has been filed against Navy Federal alleging member information is at risk as the result of the credit union’s use of artificial intelligence software to analyze member phone calls.
