MADISON, Wis.–Overall credit union lending was up a strong 2.3% in May. Buy with fixed-rate mortgages also hitting their highest mark credit union history, that raises “concerns” about interest rate risk as rates rise, according to CUNA Mutual’s latest Trends Report.
CHICAGO–The first half of 2022 concluded with a “normalization in serious delinquency rates” to pre-pandemic levels for most credit products as lenders continued to expand access to credit cards and personal loans, according to a new TransUnion analysis.
LAWRENCEVILLE, Ga.—Used car values in July softened for the second consecutive month, finally pushing down wholesale prices, Black Book reported.
WASHINGTON—CUNA is calling on Sen. Jon Ossoff (D-GA) to reconsider his Improving Cybersecurity of Credit Union Act, a bill that would give NCUA authority over third-party vendors.
ARVADO, Colo.–The CUSO launched by Partner Colorado Credit Union eight years ago to provide financial services to the cannabis industry has been bought for $185 million by New York-based Northern Lights Acquisition Corp.
AMARILLO, Texas–Education Credit Union has named an interim president and CEO following the departure of Eric Jenkins.
WASHINGTON–Mortgage rates last week just barely slid below the 5% mark for the first time since April, declining to 4.99%, according to Freddie Mac.
ALEXANDRIA, Va.–The National Credit Union Administration said it will host a webinar on August 24 to discuss Bank Secrecy Act trends and challenges, and provide credit unions with valuable updates on BSA compliance.
MILWAUKIE, Ore.—Clackamas Federal Credit Union said it is partnering with Oregon City and Micro Enterprise Services of Oregon (MESO) to establish the Entrepreneurial Opportunity Loan Program, a pilot program designed to assist start-up businesses in Oregon City.
HONOLULU–Hawaii’s credit unions, under the banner Credit Union Coalition, have partnered on an effort to help Hawaii Foodbank and its neighbor island partners fill its pantries. The effort runs through September.
