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BIRMINGHAM, Ala.—Two weeks following the introduction of Apple Pay, American Express announced that tokenization is coming soon to some of its cards.

ALEXANDRIA, Va.—NCUA is “seriously considering” separating the interest rate risk piece from its current risk-based capital proposal and making it a standalone proposal of its own, according to CUNA.

WASHINGTON—The political affairs teams at the credit union trade groups are paying close attention to the Nov. 4 elections, with a particular focus on four races.

PENNINGTON, Ala.—With NCUA cracking down on late filers, one credit union has reduced the time it takes to compile, complete and file its quarterly 5300 Call Report from several days to just two hours.

As market conditions continue to evolve, today’s institutions face a dynamic landscape burdened with pressures on margins and loan credit quality, restrictions on capital and directives to reduce expenses. Profitability and cost management are now at the forefront as credit unions work to build their balance sheets and thrive in this challenging environment.

SCOTTSDALE, Ariz.—One ALM expert is encouraging credit unions to gain a sound understanding of long-term member deposit behavior to gauge their sensitivity to rate movement.

Part 2 in CUToday.info series on deposits.

WASHINGTON—CUNA is now accepting nominations for eight director positions on its board.

RICHMOND, Va.—The Richmond Fire Department Credit Union and Richmond Police Department CU have agreed to merge. Meanwhile, in Iowa, $602-million DuTrac Community Credit Union said it will be absorbing via merger the $13-million Chemical Credit Union in Clinton.

ALEXANDRIA, Va.—For more than 15 years Martha Ninichuk, deputy director of NCUA’s Office of Small Credit Union Initiatives, has been active in helping to build a credit union in Macedonia, the eastern European country that is flanked by Albania and Bulgaria and which didn’t become an independent country until 1991.

LAKE MARY, Fla.—Two credit unions have chosen the UltraData Enterprise core solution from D+H.