Credit union lending rose 11.8% in April with new car loans and member business loans growing twice as fast as other sectors, CUNA Mutual Group reported Thursday. Real estate grew at a slower pace as higher interest rates discouraged refinancing and purchase loans and...
Credit Union Industry News & Updates
The Credit Union & Banking worlds are changing faster today than they ever have. Keep informed about what’s going on in the industry.
WHAT’S GOING ON AT CREDIT UNIONS?
FOM Rules Follow Law, NCUA Tells Court
The NCUA is asking a federal judge to reject the American Bankers Association challenge to the agency’s recent field of membership rules, contending that the new regulations do not violate federal law. Congress gave the agency discretion in defining fields of...
Another Slow Month for Credit Union Mergers
The NCUA approved only 11 mergers in April, the second lowest number of consolidations approved so far this year. The 11 mergers was the lowest number of consolidations for the first month of the second quarter over the last nine years. In the last four Aprils, there...
Credit Unionsplaining – Now More Than Ever
“What we are discovering from the research is that particularly, the younger you get, the less you understand what it means what a member (is).” Recently, this quote inside a story written by our Peter Strozniak, caught my eye. And, for me, it was quite...
McWatters: Give Us More Flexibility to Write Rules
Congress should consider giving the NCUA more flexibility to write rules to provide regulatory relief and allow credit unions to offer more services, Acting NCUA Chairman J. Mark McWatters told the Senate Banking Committee Thursday. And he told the committee that he...
Tennessee CU CEO Retires, New CEO Named
The board of directors for the $51.2 million TNConnect Credit Union in Knoxville, Tenn., announced Tuesday that its president/CEO, Linda Childs (pictured at left), will retire Aug. 31. Her successor will be Martin Bradley (pictured below), the credit union’s...