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NAFCU is now America's Credit Unions.

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February 1, 2024

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Nussle pens letter on fraud, scams ahead of SBC hearing ([link removed] )

America’s Credit Unions President/CEO Jim Nussle highlighted the credit union industry’s investment in payment technologies and the role of interchange in fraud prevention in a letter to the Senate Banking Committee (SBC) Wednesday ahead of its hearing to examine scam and fraud trends. “Credit unions invest significantly in both security and compliance management systems …

House passes bipartisan tax bill ([link removed] )

The House Wednesday passed the Tax Relief for American Families and Workers Act on a 357-70 vote. The bipartisan tax bill makes no changes to the credit union tax status. The bill would expand the Child Tax Credit and restore several business tax breaks. It now heads to the Senate for consideration. America’s Credit Unions will …

FOMC holds on target range for rates ([link removed] )

The Federal Open Market Committee (FOMC) agreed to maintain the current target range for the federal funds rate between 5.25 to 5.5% during its two-day meeting that ended Wednesday. The committee’s statement concluded it “does not expect it will be appropriate to reduce the target range until it has gained greater confidence that inflation is …

Rep. Ciscomani thanks credit unions for filling ‘unique role’ ([link removed] )

Rep. Juan Ciscomani, R-Ariz., thanked credit unions for the work they do on the House floor Wednesday, adding that a credit union account was the first account he ever opened. He thanked credit unions for “filling a unique role in the financial services marketplace,” especially for the more than two million members in Arizona. “As …

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