GLASGOW, Scotland-Jim McMahon, an Irish League of CUs board member, has been honored with the World Council's Distinguished Service Award for his work in a number of areas. Measnwhile, WOCCU presented its Ambassador Award to Servus CU in Edmonton, Alberta. Retiring President/CEO Pete Crear was recognized by Rotary International with its highest honor as a Paul Harris Fellow. Crear was also presented with the Raiffeisen Medal by Germany's Raiffeisen Union. WOCCU Vice Chairman Grzegorz Bierecki was honored by the Ukrainian Orthodox Church for work done by Poland's trade association in developing credit unions in that nation.
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Eight pleaded guilty in an $11-million scheme that changed or invented business registry records, then opened accounts as the payee at about 30 institutions.
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With recent changes to tax law, non-grantor trusts have become attractive vehicles for gaining tax efficiencies, such as when making charitable contributions.
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The stablecoin technology firm and about two dozen companies have joined to standardize authorization and other risk management for agentic commerce.
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So far, annual home lending growth is on track to slow, but not stop, with some positive developments surfacing amid broader challenges.
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The march toward tokenization of assets includes a storied Wall Street firm offering its latest fund on four distributed ledgers.
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