CU Tax Fight: Credit Unions Preserve Tax-Exempt Status In Senate Budget Bill 07/01/2025 01:16 pm WASHINGTON—Credit unions’ long, hard tax fight this year is approaching a successful end, as the U.S. Senate passed its budget reconciliation package Tuesday—excluding any provisions to tax credit unions or alter their longstanding federal tax status.
Smaller Footprint, Sharper Focus: What's Next For The CFPB And What It Means For Credit Unions 07/01/2025 06:03 pm WASHINGTON—As lawmakers edge closer to finalizing the budget reconciliation package, one of the most closely watched elements—particularly by the credit union industry—is the future scope and scale of the Consumer Financial Protection Bureau.
Senate Passage Of H.R. 1 Marks Major Win For Housing, Says MBA 07/01/2025 01:10 pm WASHINGTON — The Mortgage Bankers Association (MBA) is celebrating a significant policy victory following the Senate’s passage of H.R. 1, which preserves and strengthens key tax provisions critical to housing and real estate finance.
Sound Credit Union Completes Conversion Of Washington Business Bank 07/01/2025 01:19 pm TACOMA, Wash.—The $3-billion Sound Credit Union here has completed the system conversion of Washington Business Bank, based in Olympia, Wash., marking the final step in Sound’s acquisition of the bank.
Two CUs Closed In Two Days: NCUA Liquidates Aldersgate FCU 07/01/2025 10:08 am MARION, Ill.--NCUA has liquidated the $10.6-million Aldersgate Federal Credit Union here, the agency announced.
