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This week: Congress returns for the new year
WASHINGTON, Jan. 6 [Category: Financial Services] -- America's Credit Unions posted the following news on Jan. 5, 2026:
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This week: Congress returns for the new year
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Congress returns to Washington, D.C., today to kick off the second session of the 119th Congress. At the top of its priority list will be funding the federal government past its Jan. 30 expiration.
The Food and Drug Administration, Department of Agriculture, Department of Veterans Affairs, military construction, and Congressional operations are currently funded through the end of the fiscal year, Sept. 30. However, if
... Show Full Article
WASHINGTON, Jan. 6 [Category: Financial Services] -- America's Credit Unions posted the following news on Jan. 5, 2026:
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This week: Congress returns for the new year
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Congress returns to Washington, D.C., today to kick off the second session of the 119th Congress. At the top of its priority list will be funding the federal government past its Jan. 30 expiration.
The Food and Drug Administration, Department of Agriculture, Department of Veterans Affairs, military construction, and Congressional operations are currently funded through the end of the fiscal year, Sept. 30. However, ifoutstanding appropriations bills for other departments and programs aren't passed before the end of the month, a partial government shutdown could occur.
The House Small Business Committee will conduct its first hearing of the year focused on how the Small Business Administration's Office of Advocacy is cutting red tape. The hearing is scheduled for Wednesday, starting at 10 a.m. Eastern.
The Governmental Affairs Conference 2026 is also approaching, with registration still open for the credit union system's largest advocacy event. Happening March 1-5 in Washington, D.C., the event will bring thousands of credit union advocates to engage policymakers, hear from dynamic keynoters (including Adam Grant and Kindra Hall ), and more, with additional announcements to come.
Learn more about GAC 2026
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Original text here: https://www.americascreditunions.org/news-media/news/week-congress-returns-new-year
Supporting the youngest credit union members
WASHINGTON, Jan. 5 [Category: Financial Services] -- America's Credit Unions posted the following news:
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Supporting the youngest credit union members
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The credit union difference can be a lifelong partnership, as Farmway Credit Union in Beloit, Kansas shows. Highlighted in a recent America's Credit Unions Blog entry, Farmway provides piggy banks to each newborn at the local hospital, works to build good financial habits in youth, and more.
When parents bring the filled piggy bank in to open a savings account, Farmway matches the contents up to $10, the first in what will likely be a
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WASHINGTON, Jan. 5 [Category: Financial Services] -- America's Credit Unions posted the following news:
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Supporting the youngest credit union members
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The credit union difference can be a lifelong partnership, as Farmway Credit Union in Beloit, Kansas shows. Highlighted in a recent America's Credit Unions Blog entry, Farmway provides piggy banks to each newborn at the local hospital, works to build good financial habits in youth, and more.
When parents bring the filled piggy bank in to open a savings account, Farmway matches the contents up to $10, the first in what will likely be along series of interactions with the credit union.
"The problem I think a lot of credit unions face is their aging demographic, and so we want to capture the youth and get them in the door," said Farmway Compliance/Loan Officer Sherri Smith.
Students in kindergarten through 12th grade can participate in a cash-for-grades program that requires students to bring their report card into a physical branch to claim their prize. In the 2024-25 school year, 255 students participated, with Farmway distributing $8,580 and opening 28 new accounts as a direct result.
The blog also covers Farmway's efforts to build an employee culture, and how it serves members in rural areas with declining populations.
Read America's Credit Unions Blog
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Original text here: https://www.americascreditunions.org/news-media/news/supporting-youngest-credit-union-members
Simpson joins National News Desk to talk post-holiday fraud risks
WASHINGTON, Jan. 5 [Category: Financial Services] -- America's Credit Unions posted the following news:
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Simpson joins National News Desk to talk post-holiday fraud risks
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America's Credit Unions President/CEO Scott Simpson joined National News Desk to discuss the rise in fraud and scams that occurs in the post-holiday season as consumers review their finances, prepare for tax season, and create new resolutions around money.
Speaking with anchor Taylor Murray, Simpson explained that bad actors take advantage of the sincerity during the holidays and notes what makes these scams such
... Show Full Article
WASHINGTON, Jan. 5 [Category: Financial Services] -- America's Credit Unions posted the following news:
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Simpson joins National News Desk to talk post-holiday fraud risks
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America's Credit Unions President/CEO Scott Simpson joined National News Desk to discuss the rise in fraud and scams that occurs in the post-holiday season as consumers review their finances, prepare for tax season, and create new resolutions around money.
Speaking with anchor Taylor Murray, Simpson explained that bad actors take advantage of the sincerity during the holidays and notes what makes these scams sucha harmful type of fraud.
"The distinction is that those that are losing the money, the victims are actually unwitting, but willing participants. They often are convinced that they need to send their money somewhere," said Simpson.
Simpson noted that Americans need to be on the lookout for a false sense of urgency created by scammers, as well as requests to convert funds to payments like cryptocurrency or gift cards. "All of those things should be a warning sign to anyone that a bad actor is likely involved," he added. "And if your financial institution staff member suggests that you slow down and review it, I would listen to them."
Noting credit unions are an important layer of defense for their members, Simpson said the personal touch and expertise that credit union professionals impart is something to lean into as a consumer.
In a recent RealClearPolicy op-ed, Simpson reiterated this fact and highlighted real-life examples of how credit unions' vigilance has protected members. America's Credit Unions continues to engage regulators and Congress on solutions to stop fraud and scams and to ensure the credit union perspective is included.
Watch the interview:
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Original text here: https://www.americascreditunions.org/news-media/news/simpson-joins-national-news-desk-talk-post-holiday-fraud-risks
Nurses condemn Trump's unilateral military action against Venezuela
SILVER SPRING, Maryland, Jan. 5 [Category: Union] -- National Nurses United issued the following news release:
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Nurses condemn Trump's unilateral military action against Venezuela
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National Nurses United, the largest U.S. union of registered nurses, strongly condemning the Trump administration's illegal invasion of and regime change operation in Venezuela, issued the following statement:
Nurses across the country are outraged that the Trump administration has ignored the Constitution and committed an imperialist act of war over the weekend without approval from Congress and without
... Show Full Article
SILVER SPRING, Maryland, Jan. 5 [Category: Union] -- National Nurses United issued the following news release:
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Nurses condemn Trump's unilateral military action against Venezuela
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National Nurses United, the largest U.S. union of registered nurses, strongly condemning the Trump administration's illegal invasion of and regime change operation in Venezuela, issued the following statement:
Nurses across the country are outraged that the Trump administration has ignored the Constitution and committed an imperialist act of war over the weekend without approval from Congress and withoutbacking from our patients, working class people across the United States who are already struggling here at home to afford basic necessities such as health care, food, and housing.
Trump and the Republicans have spent the past year openly waging war on working class people here at home, gutting Medicaid, refusing to extend Affordable Care Act subsidies that keep our patients' premiums from skyrocketing, and proving that they "run" the United States to benefit only billionaires and corporations, all while they have prioritized spending on war abroad. Now, they want to "run" Venezuela. It couldn't be more clear that, regardless of how one feels about Nicolas Maduro, this mission is an extension of Trump's fascist allegiance to the billionaire class, as he brazenly declares that U.S. oil companies will now go in and control Venezuelan oil.
The U.S. has a long history of interventions in Latin America, but voters have been clear that they do not want to continue on in the direction of imperialism and forever wars. After illegally invading Venezuela, the Trump administration has also threatened to go after Columbia, Cuba, Mexico, and Greenland. Our patients demand investment in building a healthy society here at home, so people do not have to choose between paying for medication or keeping a roof over their family's heads, not investment in sending troops to invade other countries.
In any military conflict, nurses are deeply aware that working-class people suffer the most. That's true for the working people of Venezuela, who now may have to endure imperialist rule. It's also true for workers and families in the United States, who are already stretched thin, as we are on the brink of a possible government shutdown at the end of this month. Nurses call for international solidarity among working people and demand the following:
* A call for peace, starting with an immediate end to the war in Venezuela and an end to all military violence.
* Prioritization from the U.S. government on domestic policy and improving the lives of millions of working-class people here at home, who are suffering from lack of health care, inability to afford food, and housing insecurity.
* Restoration and extension of Affordable Care Act subsidies.
* A complete reversal of the over $1 trillion in cuts to Medicaid and other critical public programs passed via H.R. 1. These disastrous cuts threaten vulnerable hospitals with care cuts or closure, and threaten patients with inability to afford care, putting tens of thousands of lives unnecessarily at risk.
* A healthy society, with Medicare for All and more, defined by care, compassion, and justice, not by wars on behalf of billionaires and oil companies.
National Nurses United is the largest and fastest-growing union and professional association of registered nurses in the United States with more than 225,000 members nationwide. NNU affiliates include California Nurses Association/National Nurses Organizing Committee, DC Nurses Association, Michigan Nurses Association, Minnesota Nurses Association, and New York State Nurses Association.
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Original text here: https://www.nationalnursesunited.org/press/nurses-condemn-trumps-unilateral-military-action-against-venezuela
Mississippi Casino Workers Join Teamsters
WASHINGTON, Jan. 5 [Category: Union] -- The International Brotherhood of Teamsters posted the following news release:
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Mississippi Casino Workers Join Teamsters
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Press Contact: Maura Drumm Phone: (215) 510-3735 Email: MDrumm@teamster.org
(TUNICA, Miss.) - Workers at Gold Strike Casino Resort in Mississippi have voted to join Teamsters Local 667 through a card-check majority. The group of 280 housekeepers, food and beverage workers, and cocktail waitresses sought stronger union representation through a Teamsters contract.
"We're expanding our footprint across the casino industry by
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WASHINGTON, Jan. 5 [Category: Union] -- The International Brotherhood of Teamsters posted the following news release:
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Mississippi Casino Workers Join Teamsters
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Press Contact: Maura Drumm Phone: (215) 510-3735 Email: MDrumm@teamster.org
(TUNICA, Miss.) - Workers at Gold Strike Casino Resort in Mississippi have voted to join Teamsters Local 667 through a card-check majority. The group of 280 housekeepers, food and beverage workers, and cocktail waitresses sought stronger union representation through a Teamsters contract.
"We're expanding our footprint across the casino industry bystanding with workers and delivering real improvements on the job," said Tommy Blitsch, Director of the Teamsters Convention, Trade Show, and Casino Division. "By organizing workers and raising standards, we're changing the industry for the better. This win adds to our momentum, and there's more to come."
"Each day, we build power by growing our membership, and this organizing victory is another step forward," said James E. Jones III, President of Local 667. "These new Teamsters are determined, militant, and ready to help one another. I'm excited to welcome this group."
Gold Strike workers signed their authorization cards to become Teamsters to secure higher wages, better benefits, and improved working conditions.
"We signed our cards because we saw the benefits of becoming Teamsters," said Erica Guerrero, a cocktail waitress and proud new member of Local 667. "I have never felt more empowered. Now we have the strength to fight for fair wages and improved working conditions."
Founded in 1903, the International Brotherhood of Teamsters represents 1.3 million hardworking people in the U.S., Canada, and Puerto Rico. Visit Teamster.org for more information. Follow us on X @Teamsters and on Facebook at Facebook.com/teamsters.
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Original text here: https://teamster.org/2026/01/mississippi-casino-workers-join-teamsters/
European Trade Union Institute: European Productivity - the Real Constraint is Not Debt, But Investment
BRUSSELS, Belgium, Jan. 5 (TNSrpt) -- The European Trade Union Institute issued the following news:
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European productivity: the real constraint is not debt, but investment
The EU's Debt Sustainability Analysis (DSA) has become a central tool for shaping national budgets under the new economic governance framework. According to a new ETUI paper, it is also systematically undervaluing the economic benefits of public investment at the expense of productivity and long-term growth.
"Rethinking the role of public investment does not mean abandoning fiscal discipline. It means recognising that
... Show Full Article
BRUSSELS, Belgium, Jan. 5 (TNSrpt) -- The European Trade Union Institute issued the following news:
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European productivity: the real constraint is not debt, but investment
The EU's Debt Sustainability Analysis (DSA) has become a central tool for shaping national budgets under the new economic governance framework. According to a new ETUI paper, it is also systematically undervaluing the economic benefits of public investment at the expense of productivity and long-term growth.
"Rethinking the role of public investment does not mean abandoning fiscal discipline. It means recognising thatcertain investments strengthen long-term debt sustainability by generating higher growth and stronger public revenues," explains Christos Pierros, Assistant Professor, Department of Economics, National and Kapodistrian University of Athens and author of this new entitled Productivity and public investment - Rethinking the EU's debt sustainability analysis
More specifically, the analysis shows that:
* increases in net public investment have a crowding-in effect on private investment, rather than displacing it;
* public investment contributes directly to higher labour productivity in the private sector, a key determinant of long-term competitiveness;
* the fiscal multipliers assumed in the DSA framework are too low, leading to a biased assessment of the growth and debt impacts of investment-led strategies.
A lever for European growth
As the EU moves into the implementation phase of its new economic governance framework, the way public investment is treated in fiscal assessments is becoming a decisive issue.
The author therefore calls for a revision of the EU's fiscal assessment framework so that the DSA more realistically reflects the dynamic effects of public investment on productivity and growth. Such an adjustment would help create fiscal space for strategic investments while fully preserving the sustainability of public finances.
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Background
This paper "Productivity and public investment Rethinking the EU's debt sustainability analysis" is part of a special ETUI series on "Inclusive competitiveness". In his widely cited and influential report, Mario Draghi argued that "a European approach must ensure that productivity growth and social inclusion go hand in hand". This series analyses different elements of the EU's agenda to meet that goal. It considers pathways missing in the Draghi Report while looking critically at some of the EU's current policy proposals in this domain.
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REPORT: https://www.etui.org/sites/default/files/2025-11/Productivity%20and%20public%20investment-rethinking%20the%20EU%E2%80%99s%20debt%20sustainability%20analysis_2025.pdf
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Original text here: https://www.etui.org/news/european-productivity-real-constraint-not-debt-investment
Credit union loans grew 0.24% in October
WASHINGTON, Jan. 6 [Category: Financial Services] -- America's Credit Unions posted the following news:
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Credit union loans grew 0.24% in October
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Credit union loans outstanding increased 0.24% in October, compared with a 0.54% increase in September and a -0.01% decrease in October of 2024. These numbers are from America's Credit Unions' latest Monthly Credit Union Estimates, generated from the Equifax Analytics Dataset (an anonymized random sample of credit report data that tracks 10% of all U.S. consumers with a Social Security number).
Home equity lines of credit led loan growth at
... Show Full Article
WASHINGTON, Jan. 6 [Category: Financial Services] -- America's Credit Unions posted the following news:
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Credit union loans grew 0.24% in October
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Credit union loans outstanding increased 0.24% in October, compared with a 0.54% increase in September and a -0.01% decrease in October of 2024. These numbers are from America's Credit Unions' latest Monthly Credit Union Estimates, generated from the Equifax Analytics Dataset (an anonymized random sample of credit report data that tracks 10% of all U.S. consumers with a Social Security number).
Home equity lines of credit led loan growth at1.45%, followed by second mortgages (0.88%), unsecured personal loans (0.42%), first mortgages (0.26%), private student loans (0.22%), and credit cards (0.18%).
Auto loans (-0.09%) and secured personal loans (-0.15%) declined during the same time period.
The estimates are updated monthly and available on an online dashboard with other resources. The Data and Tools section of America's Credit Unions website contains a wide range of dashboard analytics; data at the state and district level, various calculator tools; the economic forecast; and more.
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Original text here: https://www.americascreditunions.org/news-media/news/credit-union-loans-grew-024-october
