NEW YORK—Credit card “side perks” are disappearing.
Fresh Today
MADISON, Wis.—Credit union loan balances rose over the $1-trillion milestone in March, doubling the $500 billion milestone set back in August 2006, while membership growth continued its torrid pace, according to CUNA Mutual Group’s latest Trends Report.
NEW YORK CITY–The board of the $2.8-billion Municipal Credit Union has voted to begin termination proceedings its former CEO, Kam Wong.
GRAPEVINE, Texas–Perhaps no area of lending is being watched more carefully than auto lending when it comes to potential disruptions to the entire business model, and credit unions here were offered a forecast for what might lie ahead–and when–by CU Direct.
GRAPEVINE, Texas–Lending by credit unions on CU Direct’s loan platforms is up 20% to date in 2018, and the company is preparing to roll out several other initiatives, including a mortgage platform.
GRAVEVINE, Texas–Credit unions should enjoy the next 15-18 months but also be preparing for a recession in 2020, according to one economist.
GRAPEVINE, Texas–Forget your products and services–they don’t matter to members any longer–it’s all about “love and hate.”
GRAPEVINE, Texas⎯ CU Direct has announced the winners of their 2018 Best Practice Awards, as well as the results of its board elections. Both results were revealed during the company’s Drive ’18 Lending Conference here.
WASHINGTON—The Bureau of Consumer Financial Protection has announced that it is working with the Commodity Futures Trading Commission to develop a regulatory “sandbox” for fintech firms.
ARLINGTON, Va.—NCUA has updated its corporate system resolution costs which now show a net projected loss to federally-insured credit unions (FICUs) of $1.7 billion.