CUNA economists believe credit unions are still on track for an excellent year—barring war by means of weapons or trade. While double-digit loan growth is expected to continue this year, CUNA is now dialing back its economic growth prediction to 2.3% for 2017....
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?
Cash+Coast = Big Home Sales Gains
Home sellers made big gains in the first quarter, but, on average, they had to wait twice as long as pre-recession sellers making similar gains, according to a report released Thursday by ATTOM Data Solutions. The U.S. Home Sales Report by ATTOM, a real estate...
Fidelity Bond Legal Dispute Reveals Credit Union Fraud
Another fidelity bond legal dispute between the NCUA and an insurance company revealed that a former manager and assistant manager were running a check-kiting scheme that led to a loss of nearly $700,000 and contributed to the involuntary liquidation of an Indiana...
ReliaMax Hits $275 Million in Private Student Loans Under Service
ReliaMax, an all-in-one service to allow financial institutions to offer private student loans, is now managing $275 million in accounts two years after offering its online service. The Sioux Falls, S.D., company announced Tuesday that’s its portfolio had...
Millennials Shunning FIs’ Mobile Payment Apps
Millennials are pushing aside bank mobile payment apps in favor of third-party offerings such as Venmo, according to the results of a new survey, adding to concerns over how credit unions and other financial institutions are faring with the demographic...
Partisan Infighting as House Panel Holds Hearing on Hensarling Bill
The battle lines in the House debate over an overhaul of Dodd-Frank were drawn clearly Wednesday, as Republicans touted their legislation to change the financial regulatory regime and Democrats painted the plan as wrongheaded. “Dodd-Frank has been a greater...

