87% Satisfaction Gives Credit Unions a Foundation to Grow Card Usage
By PYMNTS
Credit unions have already earned their members’ trust. Giving those members more reasons to use their cards could start with something tangible: rewards on everyday purchases.
That opportunity anchors the third key finding in “The Top-of-Wallet Challenge: Why Trust Alone Is Not Enough to Drive Card Usage,” a July 2026 Credit Union Tracker. The report finds that strong relationships and high satisfaction haven’t consistently made credit union cards members’ first choice. Rewards offer a practical way to close that gap. Trust gives credit unions a seat at the table…
Read MoreIllinois AG files Appeal in IFPA Litigation
America’s Credit Unions
In a new court filing, Illinois Attorney General Kwame Raoul filed a notice of appeal to the Seventh Circuit Court of Appeals.
The appeal follows a district court ruling that prevents the Illinois Interchange Fee Prohibition Act (IFPA) from applying to federal credit unions, national banks, state banks chartered outside Illinois, and payment card networks…
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UFCU, MSUFCU Plan $13.5 Billion Merger
Ken McCarthy, Tyfone
UFCU of Austin, Texas, and Michigan State University Federal Credit Union of East Lansing plan to combine into an institution with $13.5 billion in assets and more than 850,000 members, adding to a wave of large mergers reshaping the credit union industry.
The credit unions said they expect to complete the combination in summer 2027, pending regulatory approval. Until then, they will operate independently, with no immediate changes to members’ accounts, cards, loan terms or digital banking access…
Read MoreAnchorPoint Credit Union Association Provides Stability and Direction to Tennessee and Mississippi Credit Unions
Jessica McCosh, CUInsight
New Brand Focuses on Being a Stronger Voice for Credit Unions After Merger of Tennessee Credit Union League and Mississippi Credit Union Association
Tennessee and Mississippi credit unions proudly announce the Association’s new name—AnchorPoint Credit Union Association. AnchorPoint provides stability and direction to more than 175 credit unions and their 3.5-million-member consumers across Mississippi and Tennessee…
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New York State DFS Secures $33M Penalty with Skandinaviska Enskilda Banken AB for Inadequate Anti-Money Laundering Controls and Transaction Monitoring Compliance Failures
New York State Department of Financial Services
Settlement Follows Department’s Investigation into the Bank’s Connection to the Panama Papers Leak
New York State Department of Financial Services (DFS) Acting Superintendent Kaitlin Asrow announced today that Skandinaviska Enskilda Banken AB and its New York Branch have agreed to pay a $33M penalty as part of a Consent Order to resolve the Department’s investigation into SEB’s compliance with New York Banking Law and anti-money laundering program failures…
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