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MADISON, Wis.—The Worldwide Foundation for Credit Unions (WFCU) is accepting applications for the 2025 Global Women’s Leadership Network (GWLN) Scholarship and the 2025 World Young Credit Union Professionals (WYCUP) Scholarship.

WASHINGTON—Despite growing credit union industry concerns over the movement’s tax break as the government rewrites the tax code later this year, dozens of House members shared tax policy priorities with the House and Ways Committee on Wednesday, but none mentioned any changes to the credit union tax status in their presentations, America’s Credit Unions reported.

ALEXANDRIA, Va.—New NCUA data show a dependence among some credit unions on overdraft fees, and NCUA Board Member Todd Harper is advising that if a credit union needs to change its OD course, it should begin its planning now.

WASHINGTON—Credit unions and trade associations pulling together is what’s needed this year to fend off what appears to be a significant threat to the movement’s tax status, says Jason Stverak, who adds the possibility of CUs losing their tax break in ’25 keeps him up at night.

WASHINGTON—By a 68-29 vote, the Senate has confirmed Scott Bessent to serve as Treasury Secretary. The confirmation comes at the same time American journalist and blogger Charles Gasparino reported on X the White House is weighing whether to give Bessent a dual role--to act as acting head of the CFPB until a full-time chief can be found, once Rohit Chopra is removed by the Trump Administration.

WASHINGTON—In an effort to strengthen partnerships between credit unions and the Small Business Administration (SBA), the Defense Credit Union Council has sent a letter to the Senate Committee on Small Business and Entrepreneurship regarding the confirmation of Kelly Loeffler as SBA administrator.

WASHNGTON—America’s Credit Unions has launched its series of digital ads across the country to share the message: Don't Tax My Credit Union.

WASHINGTON—An Executive Order issued by Donald Trump creating the President’s Working Group on Digital Assets Markets also prohibits the federal government from developing a central bank digital currency (CBDC), America’s Credit Unions reported, noting it has raised concerns with potential CBDC development, including risks to consumer privacy with little benefit.  

PHOENIX, Ariz.– Desert Financial Credit Union is distributing $16 million in Member Giveback Bonuses this month, bringing the total to $106 million awarded over the past eight years, the credit union said.