Credit Union Industry News & Updates

The Credit Union & Banking worlds are changing faster today than they ever have. Keep informed about what’s going on in the industry.

WHAT’S GOING ON AT CREDIT UNIONS?

The NCUA Staff Draft 2026-2027 Budget

AGENCY: National Credit Union Administration (NCUA). SUMMARY: The NCUA's staff draft “detailed business-type budget” for 2026 and 2027 was made available for public review in the Federal Register as required by federal statute on September 29, 2025 as docket number...

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By Devin Hughes SVP Lender PartnershipsLendKey Against a backdrop of decreasing interest rates, emerging competitors, and federal reforms that upend old certainties, the stakes for credit unions heading into their 2026 planning sessions are as high as they have been...

The NCUA Staff Draft 2026-2027 Budget

AGENCY: National Credit Union Administration (NCUA). SUMMARY: The NCUA's staff draft “detailed business-type budget” for 2026 and 2027 was made available for public review in the Federal Register as required by federal statute on September 29, 2025, as docket number...

Sen. Hatch, the Banker & the Credit Union Tax Exemption

Sen. Orrin Hatch’s (R-Utah) recent broadside against the credit union tax exemption left a lot of people saying, “Huh?” Hatch had already announced he would not seek another term in the Senate this year, and Congress had just completed tax overhaul...

Tax Law Guts Fannie’s Bottom Line; Needs $3.7B From U.S.

Fannie Mae will request an infusion of taxpayer money for the first time since 2012 because of an unintended but anticipated side effect of the corporate tax cut signed into law in December. The mortgage-finance company, which reported fourth-quarter and full-year...

NCUA Approves $735.6 Million Distribution to Credit Unions

The NCUA board on Thursday approved a pro rata distribution of $735,678,797 to eligible credit unions—funds that are available as a result of the closing of the corporate stabilization fund. “We have excess funds,” said Board Chairman J. Mark...

Household Debt Rises for Fifth Year in a Row: NY Fed

Increasing debt is the not only a problem for the federal government; it’s also a growing burden for U.S. consumers. According to the New York Fed’s latest Quarterly Report on Household Debt and Credit, household debt rose in 2017 for the fifth consecutive...

Massachusetts CEO Placed on Administrative Leave

Shelley M. Holden, president/CEO of the $61 million Tewksbury Federal Credit Union, was placed on administrative leave after the board of directors in early December became aware of irregularities in several accounts including those held by Holden and her personal...