Michael Ogden

1 day ago | cutimes.com | Michael Ogden

Credit/Adobe Stock. Security Service Federal Credit Union announced Thursday the retirement of President/CEO Jim Laffoon after more than 35 years of service. Laffoon, who joined the credit union in 1989, held key leadership roles before being named President in 2012 and CEO in 2014. Under Laffoon’s leadership, the San Antonio-based Security Service grew to $14 billion in assets and became one of the nation’s largest credit unions.

2 days ago | cutimes.com | Michael Ogden

Andrew Morris during testimony at the House Committee on Financial Services on June 5, 2025. During a hearing Thursday of the U.S. House Financial Services Subcommittee on Financial Institutions, credit union leaders emphasized the need for consistent consumer data privacy standards as financial services become increasingly digitized and tech-driven.

2 days ago | cutimes.com | Michael Ogden

Credit/AdobeStock America’s Credit Unions has submitted a letter to the U.S. House of Representatives in support of H.R. 2987, the CEASE Act, formally known as the Capping Excessive Awarding of SBLC Entrants Act. The legislation would halt the Small Business Administration’s (SBA) discretionary authority to approve new Small Business Lending Company (SBLC) licenses without congressional approval.

3 days ago | cutimes.com | Michael Ogden

The U.S. Capitol. Credit: Thinkstock The Defense Credit Union Council (DCUC) convened an urgent industry-wide strategy session this week as the U.S. Senate prepares to consider a sweeping Reconciliation Bill that could impact the longstanding tax-exempt status of credit unions. “This is not the time to take a victory lap,” said Anthony Hernandez, DCUC president/CEO.

3 days ago | cutimes.com | Michael Ogden

Officials want lawmakers to establish a framework that promotes innovation while allowing federally insured credit unions to engage responsibly in the digital asset space. Credit: Sidewaypics/Adobe Stock As Congress continues to shape the nation’s digital asset framework, America’s Credit Unions is urging lawmakers not to leave credit unions behind.