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TUCSON, Ariz.–One credit union that has introduced a unique, adjustable-rate mortgage says to effectively launch the product the credit union had to first deal with the “misconceptions” of the adjustable-rate offer brought on by the last financial crisis.

PARSIPPANY, N.J.— The $436-million Garden Savings FCU here plans to merge in $94-million Pinnacle FCU, headquartered in Parlin, NJ.

DUBLIN, Ireland—Thanks to regulatory changes coming this year, credit unions in Ireland will be able to offer mortgages, business loans, current accounts and debit cards, the Irish Independent reported.

ROME, Ga.—The $21.8 million Rome Kraft Employees Credit Union here has named Tiffany Howerton president/CEO, Coosa Valley News reported.

The Independent Community Bankers of America (ICBA) recently published an article titled "Standing Up for Community Banking: A Call for Fairness in Credit Union Policies," which presents a mischaracterization of credit unions and their mission. While advocating for fairness is a noble cause, the ICBA’s arguments fail to acknowledge critical distinctions between credit unions and community banks.

Over the last four years, the Consumer Financial Protection Bureau has increasingly strayed from its core mission to protect consumers and promote fairness in the financial marketplace.

WASHINGTON—It’s a new year in Washington, with new members of the House and Senate sworn in, and the Defense Credit Union Council and America’s Credit Unions are engaging with lawmakers, sharing their priorities, the trade groups reported.