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WASHINGTON—President Trump on Friday signed an executive order that aims to eliminate seven federal agencies—including the Community Development Financial Institutions Fund (CDFI).

Credit unions face an ongoing challenge in engaging younger members, especially as their core member base ages. With Gen Z embracing credit products and digital banking tools at an unprecedented rate, credit unions must rethink how to meet these evolving needs.

WASHINGTON—Federal bank regulatory agencies—FDIC, OCC, and Federal Reserve— reported in the 2024 Shared National Credit (SNC) report that credit risk associated with large, syndicated bank loans remains moderate. 

NASHVILLE—Volunteer Corporate Credit Union is partnering with ACUSi, a credit union service organization (CUSO) wholly owned by Alabama Credit Union in Tuscaloosa, Ala.

LAWRENCEVILLE, Ga.– Spurred by concerns over rising new car prices due to the Trump Administration tariffs, used vehicle valuations increased in February, marking the first hike in 2025.

WASHINGTON--The Office of the Comptroller of the Currency has taken action to reaffirm that a range of cryptocurrency activities are permissible in the federal banking system.

FAIRFAX, Va.—The $4.6-billion Apple Federal Credit Union has agreed to a $2.5-million class action lawsuit settlement to resolve claims it charged unfair overdraft fees on ATM withdrawals and transfers and debit card payments, Top Class Actions reported.

DETROIT—As tax reform legislation markup is underway, bankers are not missing opportunities to suggest ways to tax CUs, including a proposed tax on credit union purchases of banks.