CHICAGO–Changes on the NCUA board. A voluntary liquidation over the issue of regulations. News that two men involved in abduction/robberies at CUs had even more planned at the time of their arrest. Those stories and more dominated the first four months of 2016. Below is an overview of some of the top stories reported by CUToday.info from January through April.
BROOKFIELD, Wis.—Look for artificial intelligence (AI) to be tested in some form by credit unions next year, according to one expert who sees AI first being used in staff support roles.
THE NORTH POLE–For credit unions across the country it’s been much more than the 12 Days of Christmas this holiday season when it comes to giving back to communities and the less fortunate.
KENNEWICK, Wash.—Sometimes, Santa ditches the sleigh for a police car. Two credit unions this year are (very pleasantly) surprising drivers who think they are about to receive a traffic ticket with Christmas gifts, instead.
ONTARIO, Calif.—Credit unions now claim about 22% of the overall auto lending market, a percentage that has been increasing despite the slowdown in new vehicle sales.
NEW ROCKFORD, N.D.–As she prepares to retire after 65 years as CEO, Marvel Ebenhahn reflects on the days when the “credit union” was a filing cabinet, of difficult times trying to hold family farms together, of tough times in a tough place, and through it all, of becoming an indispensable part of a community and overseeing 9,000% growth.
WASHINGTON–If consumers have it difficult now trying to understand financial offers, imagine their plight not that long ago when “free” actually came with a cost and the higher advertised interest rate at one financial institution actually paid less than the lower rate advertised by another?
ALEXANDRIA, Va.–The NCUA board Thursday was given a detailed update on the resolution of the failed corporate credit unions, including how and when any type of “rebate” might be paid to insured credit unions that earlier paid assessments to cover losses.
ONTARIO, Calif.—A new analysis reveals that indirect delinquencies among credit unions are ticking up for the first time since before the recession—another sign that lenders should be diligent with auto lending practices.
LAKE FOREST, Ill.—Credit unions have hit an all-time high in overdraft revenue, according to the latest overdraft study from Moebs $ervices.
