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RIVERDALE, Utah–America First Credit Union has joined forces with the Utah Jump$tart Coalition to award five scholarships to Utah students who have demonstrated a strong understanding of personal finance.

NEW YORK–Kam Wong, CEO of the $2.8-billion Municipal Credit Union here, has been charged with embezzling more than $3-million from the credit union by the U.S. Attorney’s Office for the Southern District of New York

WASHINGTON—Hackers have found a new way to exploit chip cards.

PHOENIX–Michael Phelps, the most decorated Olympian in history with 28 medals, didn’t arrive accidentally on all those podiums. He was fixated on goals, overcame a dark period in his life, and for anyone who ever doubted them, sought to jam their doubts “down their throats.” In all of that, he found some lessons for credit union execs as both leaders and as individuals.

HOBOKEN, N.J.–It isn’t just college where younger generations aren’t getting as good a deal as the generations that preceded them–today’s kids are also getting less value out of the Tooth Fairy.

WASHINGTON—The Bureau of Consumer Financial Protection has finalized an amendment to its “Know Before You Owe” mortgage disclosure rule that addresses when mortgage lenders with a valid justification may pass on increased closing costs to consumers and disclose them on a Closing Disclosure.

MILWAUKEE, Wis.—How can a credit union still make a meaningful investment this year? The best place to start is with the brand, says La Macchia Group.

WASHINGTON—The House Financial Services subcommittee’s work with the Financial Crimes Enforcement Network's (FinCEN) customer due diligence (CDD) rule – with a mandatory compliance date of May 11 – is impacting the credit union industry, NAFCU told the agency last week.

JAMESTOWN, N.D.–A North Dakota Credit Union has reached into Minnesota with a merger. The $796-million First Community CU has absorbed the $14-million Agassiz Federal Credit Union in Crookston, Minn.

PUEBLO, Colo.–A free webinar offering insights into and strategies for commercial lending has been announced for May 23 at 2 p.m. ET.