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NEW YORK—Artificial intelligence is poised to transform banking at a scale not seen in decades—unlocking up to $1 trillion in annual value for the industry, data show. As adoption accelerates, AI is rapidly moving from experimental to essential in financial services, a new report reveals.

WASHINGTON—More than 600 credit union presidents and CEOs joined together to send a letter to the U.S. House of Representatives ahead of the vote on the One Big Beautiful Bill, America’s Credit Unions reported.

WASHINGTON--Streamlining processes and providing targeted training and technical assistance would reduce barriers to credit union participation in Small Business Administration (SBA) lending programs, wrote America’s Credit Unions President/CEO Jim Nussle in a letter sent ahead of this week's Senate Appropriations Subcommittee on Financial Services and General Government hearing where SBA Administrator Kelly Loeffler testified.

WASHINGTON--The House Financial Services Committee advanced five CU-supported bills at the close of a two-day markup Wednesday.

ALEXANDRIA, Va.—Kyle Hauptman claimed his place in NCUA history Thursday by leading an open board meeting as the sole board member.