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...

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...