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In today’s economic environment, credit unions are facing mounting pressure to cut costs, improve liquidity, attract and retain talent, serve their members’ needs, and anticipate change. 

PASADENA, Calif.-- Wescom Financial is partnering with ForgiveCo to erase $10 million in consumer debt for Californians residing in areas that were most heavily impacted by the Southern California wildfires that took place in earlier this year, the CU reported.

SAN FRANCISCO— U.S. retailers are heading into the 2025 holiday season with tempered expectations, as multiple forecasts point to modest sales growth driven largely by higher prices rather than stronger consumer demand.

WASHINGTON—Credit union leaders across the movement—from the Defense Credit Union Council and America’s Credit Unions to veteran Washington advocates—are sharply rejecting a renewed banker effort to force federal credit unions to file IRS Form 990, calling the push misguided, redundant, and rooted in long-standing industry rivalry rather than genuine transparency concerns.

PURCHASE, N.Y.—Holiday shoppers are opting for convenience over chaos, planning earlier, comparing smarter and maximizing their budgets with loyalty rewards, sales events and a little help from smart tech, according to Mastercard’s first-ever Shopper Snapshot, a survey of more than 4,000 consumers in the U.S., Canada, U.K. and UAE by the Harris Poll.