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SCOTTSDALE, Ariz.—Credit unions are grappling with a systemic issue that threatens to hinder their growth and the effective execution of fintech solutions, says Cornerstone Advisors, which adds the problem lies in outdated manual processes that persist despite investments in automation tools and technology.

WASHINGTON--Two senators have introduced a bill to establish a task force to combat payment scams, America's Credit Unions reported.

MINNEAPOLIS, Minn.— Arise Community Credit Union plans to open its doors for business next week on Juneteenth, the Association for Black Economic Power announced.

WASHINGTON—Acting Comptroller of the Currency Rodney Hood this week reaffirmed that the OCC’s federal preemption regulations over state laws are valid.

CHADDS FORD, Pa.—The $1.8-billion Franklin Mint FCU here has agreed to merge in $300-million Benchmark Federal Credit Union based in West Chester, Pa., the credit unions announced in a joint release.

EAST LANSING, Mich. — MSU Federal Credit Union has been named field sponsor for the new John Smoltz Strikeout Baseball Stadium in downtown Lansing’s Ferris Park.

WASHINGTON--Funding levels for the Community Development Financial Institutions (CDFI) Fund and Community Development Revolving Loan Fund (CDRLF) are the focus of multiple letters sent to Congress by America’s Credit Unions ahead of Treasury Secretary Scott Bessent’s budget testimony Wednesday before a Senate Appropriations Subcommittee.