Press

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EasCorp advances to next phase of FedNow℠ Service Development

BURLINGTON, MA (September 30, 2022) — Eastern Corporate Federal Credit Union (EasCorp) is taking a giant step forward in the FedNow Service Pilot Program this week when it joins several other financial institutions in testing end-to-end transmission of payment messages using the FedNow instant payment ...

NCUA posts 2023–2024 Proposed Budget, sets October 19 Public Briefing

ALEXANDRIA, VA (September 30, 2022) — The National Credit Union Administration’s staff draft budget for 2023–2024 is now available on the agency’s website for review and comment. The staff draft budget has also been submitted for publication in the Federal Register, and ...

House passes Credit Union Board Modernization Act

WASHINGTON, DC (September 30, 2022) — The CUNA-League-led Credit Union Board Modernization Act (H.R. 6889) passed in the House Thursday with 109 co-sponsors. The bill was introduced by Reps. Juan Vargas, D-Calif., and Anthony Gonzalez, R-Ohio, and spearheaded by CUNA, the California Credit Union ...

Pen Air converts to state charter

PENSACOLA, FL (September 29, 2022) — Pen Air Federal Credit Union (Pen Air) members have voted in favor of converting to a state charter. Effective October 1, the credit union will officially become Pen Air Credit Union. “Pen Air is currently celebrating our strongest financial ...