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NCUA Shutters Soul Community FCU Just Six Months After Launch

By Peter Strozniak

Chartered in December, the Georgia financial cooperative failed to generate loans or income.

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Senators Demand Answers From NCUA Over Legality of Solo Board Actions

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Minnesota’s First Black-Led Credit Union Celebrates Opening

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June 18, 2025

NCUA Places Aldersgate FCU Into Conservatorship Citing Unspecified Operational Concerns

The move comes despite a lack of reported losses, as the credit union posted zero delinquencies over five years and into the first quarter of 2025.

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June 18, 2025

Massachusetts Credit Unions Lose Millions in Commercial Loan Fraud Scheme

Family business orchestrates fake real estate loan documents, including false rental income and forged lease agreements.

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June 18, 2025

Praised by Credit Unions, GENIUS Act Passes Without Controversial Amendments

Senate excludes interchange and rate-cap amendments, advancing bipartisan stablecoin legislation backed by credit unions and community banks.

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June 17, 2025

CFPB Announces Rule Changes Affecting Guidance Use, Rulemaking Procedures, Civil Penalty Fund

New rules redefine issuance procedures, expand use of supervisory guidance and restrict Civil Penalty Fund spending on consumer education.

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June 17, 2025

Credit Unions See Big Drop in Branch Numbers

NCUA data shows a net loss of 32 branches in the first quarter — the biggest drop since the fourth quarter of 2021.

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June 17, 2025

New CUSO ScribeUp Brings Subscription Management to Credit Unions

New Hampshire’s Service Credit Union becomes the first strategic investor in ScribeUp CUSO.

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June 17, 2025

Senate Finance Committee Preserves Credit Union Tax Exemption in Draft Bill

Senate draft retains key financial provisions while exempting CUs from remittance tax and preserving the tax-exempt status.

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Top News Stories

NCUA Shutters Soul Community FCU Just Six Months After Launch

Senators Demand Answers From NCUA Over Legality of Solo Board Actions

Minnesota’s First Black-Led Credit Union Celebrates Opening

Recommended Just For You

News Stories

NCUA Places Aldersgate FCU Into Conservatorship Citing Unspecified Operational Concerns

Massachusetts Credit Unions Lose Millions in Commercial Loan Fraud Scheme

Praised by Credit Unions, GENIUS Act Passes Without Controversial Amendments

CFPB Announces Rule Changes Affecting Guidance Use, Rulemaking Procedures, Civil Penalty Fund

Credit Unions See Big Drop in Branch Numbers

New CUSO ScribeUp Brings Subscription Management to Credit Unions

Senate Finance Committee Preserves Credit Union Tax Exemption in Draft Bill