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ORLANDO—New NCUA field of membership rules have dramatically slowed the trend of federal charters converting to state charters, NASCUS reports.

ARLINGTON, Va.–Following NCUA’s announcement that next week it will begin distributing $735.7-million in distributions from the share insurance fund to credit unions, NAFCU said it will continue to press the agency to pay even more out.

WASHINGTON–The head of a bankers’ trade association believes CUNA’s “Open Your Eyes” awareness campaign should also open credit unions to taxation.

CAPITOLA, Calif.–Bay Federal Credit Union employees raised $10,581.82 during May in their annual Children’s Miracle Network Hospitals (CMNH) fundraiser.

WASHINGTON—NAFCU and CUNA are urging the House to adopt an amendment from House Chief Deputy Whip Patrick McHenry (R-NC) that would prohibit the U.S. postal service from providing banking services.

WASHINGTON—The American Bankers Association this week filed its non-binding statement of issues in its case against the NCUA's field-of-membership rule, which reveals that the group intends to raise the issue of whether any portion of a core-based statistical area (CBSA) that “excludes the core is a single well-defined local community is arbitrary, capricious or contrary to law,” NAFCU reported.

NEW YORK–The nation’s biggest banks are reporting some of their biggest profits, even as the data shows a slowdown in ending.

HANSCOM AFB, Mass.–Hanscom Federal Credit Union has named its first “Heroes Among Us” honoree of 2018. 

RANCHO CUCAMONGA, Calif. – CO-OP Financial Services has released a new white paper, “Seven Strategies to Accelerate Your Digital Transformation,” which the company said provides practical guidance for credit unions positioning themselves for growth in a digital world.

WASHINGTON–The House has passed credit union-backed legislation that includes among its provisions a measure to delay NCUA’s risk-based capital rule. Separately, a CU-backed candidate has also won a runoff race.