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WASHINGTON—The fact that U.S. households paid down roughly $26.8 billion in credit card debt during the first quarter of 2016 is NOT good news for the overall consumer balance sheet, according to CardHub.

SEATTLE–Twenty-seven percent of homebuyers believe the 2016 presidential election will have a negative effect on the housing market, according to a survey of 975 homebuyers conducted in May by Redfin.

FREMONT, Mich.–Gerber FCU has awarded gift cards to two members.

SAN DIEGO–Two large California credit unions have announced plans to merge.

WASHINGTON—In a letter to the House Financial Services Committee, NCUA Chairman Rick Metsger Tuesday emphasized the agency’s commitment to continuing to provide regulatory relief for credit unions and reiterated the possibility of extending the exam cycle for well-run, healthy credit unions.

WASHINGTON—A plan by House Financial Services Committee Chairman Jeb Hensarling to dismantle and replace the Dodd-Frank Act is already meeting with opposition, while one analysis has also suggested that it’s unlikely the biggest banks will rally behind the proposal.

CONCORD, Calif.–Pacific Service Credit Union said it continues to provide noteworthy charitable assistance to local community organizations through its Community Involvement Committee.

Westerly Community Credit Union's Jill Sposato has been awarded the CUNA Brokerage Services, Inc. "Above & Beyond Service Award."

FITCHBURG, Mass. – IC Federal Credit Union announced that Miss Erin Shenk of Westminster, Mass., currently a seventh grader at Overlook Middle School in Ashburnham, was chosen as a finalist in the Annual Student Essay Contest.

HOLLY SPRINGS, N.C.– Paragon Application Systems (Paragon), a provider of independent testing services, has introduced VirtualATM, a  simulator designed to replace physical ATM hardware in the test environment. With VirtualATM, customers can conduct automated testing of the entire software stack from anywhere in the world, saving time, money and manpower.