CU Direct Shows Strong Loan Growth for Credit Unions

Credit unions employing CU Direct have grown to represent the nation’s third-largest auto lender based on originations, according to the CUSO based in Ontario, Calif. The rank was reached through the 529,000 auto loans credit unions originated through CU...

Trades React to Credit Union Member, Loan Growth

Reactions were positive from leaders of the industry’s two national trade groups regarding the NCUA’s second quarter aggregate call report data released Tuesday showing double-digit growth in most loan categories and strong membership growth. “The...

Lending and Delinquencies Increase in Q2: NCUA

Total loans outstanding at federally insured credit unions increased to $823.4 billion during the second quarter of 2016, an increase of 10.5% from a year ago, the NCUA said Tuesday. At the same time, delinquencies rose in several loan categories, according to data...

Hawaiian Credit Union Faces Major Social Media Boost

An aggressive social media campaign enabled the $1.4 billion Honolulu-based Hawaii State Federal Credit Union to make technological and marketing strides with its members that rivals its competition on the islands. Since launching its Facebook presence in 2013, Hawaii...

Credit Unions, Vendors Hire New Talent

This past week, credit unions across the nation as well as two notable industry vendors hired and promoted staff. Plus, SDDCU was named San Diego’s best consecutive credit union for the 17th year in a row, and RTN FCU announced its 2016 scholarship winners....

New Survey Explores Credit Union Board Diversity

Next month credit unions will have a chance to tell the NCUA what they have been doing to foster diversity in their organizations, including in the boardroom. The NCUA questionnaire is entirely voluntary. For those responding, the NCUA will publish only anonymous,...