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WASHINGTON—One credit card analyst is suggesting the U.S. card market is a “Ponzi scheme” that will begin showing signs of a collapse in 2017.

TUSCALOOSA, Ala.—New cell phone video shows how police stormed the doors of an Alabama CU branch Tuesday, breaking through with a battering ram and guns drawn, to end a hostage situation.

TYSONS, Va.—Pentagon Federal Credit Union has donated $30,000 to Segs4Vets to build custom-designed ALLY Chair adapted Segways for combat veterans wounded in Afghanistan and Iraq.

Housatonic Teachers FCU here has officially merged into Nutmeg State Financial Credit Union.  The $20-million Housatonic Teachers FCU, founded in 1935 by seven teachers, has 2,000 members. The $400-million Nutmeg State has 40,000 members.

PURCHASE, N.Y.—With analysts predicting digital payment adoption could represent 20%-30% of consumer payments by 2020, Mastercard said it is taking steps to help spread the use of the tokenized card credentials.

PURCHASE, N.Y.—Internet of Things, or IOT, devices can be great tools for delivering loyalty rewards from issuers.

EDMONTON, Alberta–Servus Credit Union has introduced the “Fast Forward Small Loan” as an alternative to payday loans.

ALEXANDRIA, Va.–CUSOs will have from Feb. 1 to March 31 to complete their annual required reaffirmation with the National Credit Union Administration’s CUSO Registry, the agency said.

CONCORD, N.H.–New Hampshire Federal Credit Union said it has recently made organizational changes to solidify its commitment to better serve members and respond to changes in the financial service business.