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MADISON, Wis.—Credit union loan balances typically grow on average 8% per year over the long run. However, based on the latest data, CU loan balances are only rising at a 1.8% seasonally-adjusted annual rate, the slowest pace since 2011, TruStage shared in its latest Trends Report.

ALTADENA, Calif.—Royce Ngiam recalls looking out the windows of First City CU’s main office here and seeing an “ominous” sight—a fire creeping up over a nearby hillside, moving toward the credit union’s building.

WASHINGTON—Rep. Andy Barr (R-KY) has reintroduced legislation that would subject the Consumer Financial Protection Bureau to the traditional congressional appropriations process.

WASHINGTON— The CFPB has published a report about financial outcomes for cash-out refinance mortgage borrowers.

WASHINGTON—The U.S. Supreme Court has ordered a stay of a nationwide injunction preventing enforcement of the Corporate Transparency Act and its requirement for businesses to report their beneficial ownership information to the Financial Crimes Enforcement Network.

WASHINGTON—Credit union loans outstanding increased 0.4% in November, compared to a 0.4% increase in October of 2024 and a 0.3% decrease in November of 2023, according to America’s Credit Unions’ latest Monthly Credit Union Estimates.

WEST LAFAYETTE, Ind.—Another ATM has been ripped from its base and stolen, this time at an office of Purdue Federal Credit Union. 

WINSTON-SALEM, N.C.—The $5.3-billion Truliant FCU here and $5.4-billion Coastal Credit Union have partnered to create the Credit Union Auto Marketplace, a preowned auto-buying center for credit union members.

WASHINGTON— The CFPB has ordered international remittance company Wise to pay nearly $2.5 million for a series of “illegal” actions, including advertising inaccurate fees and failing to properly disclose exchange rates and other costs, the CFPB said.