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EL PASO, Texas—After a brief lull in credit union purchases of banks earlier this year, the pace of deals is accelerating again, as $4.43-billion GECU here announced Monday that it will acquire $186.8-million Bank of the Southwest, based in Roswell, N.M.

WASHINGTON—The Defense Credit Union Council said it plans to do everything it can to fight a renewed, reportedly banker-backed push to impose Form 990 filing requirements on federal credit unions.

LANCASTER, S.C.—Leadership at the state’s largest federal credit union has been thrown into uncertainty after Founders Federal Credit Union confirmed that its president and CEO-in-waiting, Keith Wilson, is no longer with the organization—just weeks before he was set to take over as chief executive, Yahoo News reported.

WASHINGTON—In a sharp reversal of the Trump Administration’s earlier move, the mass reduction-in-force (RIF) notices issued to all employees of the CDFI Fund last month have been rescinded, according to internal emails reviewed by Punchbowl News.

WASHINGTON--The credit union system remains strong, well capitalized, and a safe place for consumers, America’s Credit Unions wrote to the House Financial Services Committee in advance of Tuesday's hearing on the future of deposit insurance.

KANSAS CITY, Mo.--Kicking off the Small Credit Union Conference Monday, America’s Credit Unions President/CEO Scott Simpson said, “it’s good for the soul when the credit union family gets together.”

KANSAS CITY, Mo.--Mazuma Credit Union’s President and CEO, Deonne Christensen, announced that the credit union will open a new location “in the heart of Kansas City’s east side” in 2026.