Community Bankers Sue NCUA Over MBL Rules

The Independent Community Bankers of America filed suit in federal court on Wednesday, challenging the NCUA’s new MBL rules, contending that the regulations allow credit unions to exceed limitations on business loans that were established by Congress. In the...

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...