Yesterday, Senate Finance Chairman Orrin Hatch (R-Utah) sent a letter to IRS Acting Commissioner David Kautter asking whether some federal credit unions should file a Form 990 to provide additional information to the IRS. The letter followed a...

Tropical Financial Credit Union of Miramar, FL, completed its merger with Miami-based Financial Federal Credit Union, increases Tropical Financial’s assets to more than$700 million and its membership to more than 60,000. The South Florida Business...

Local Government Federal Credit Union in Raleigh, NC, and Florida A&M University FCU, Tallahassee, FL, said they joined forces to help each other improve services to their memberships. “These seemingly different credit unions agreed to...

Yesterday, the NCUA released a copy of chairman Mark McWatters’ response letter to Sen. Orrin Hatch addressing the continued relevance of the credit union tax exemption. Hatch, chairman of the U.S. Senate Committee on Finance, had sent a letter to...

This week, the House is expected to consider H.R. 4, the FAA Reauthorization Act of 2018. The Senate is expected to consider S. 140, the Coast Guard Reauthorization Act. In addition, the Senate may consider the nominations of Stuart Kyle Duncan to...

The effective date of the second round of amendments to the Consumer Financial Protection Bureau’s (CFPB) mortgage servicing rules was April 19. This means confirmed successors in interest are now entitled to the same servicing protections available...