LAKE FOREST, Ill.—Annual overdraft revenue at credit unions reached its highest total ever last year—$5.9 billion—according to a new study.
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WASHINGTON—It’s time to play close attention to developments in real-time money movement and the shift occurring in uses for P2P, according to CO-OP Financial Services.
NEW BRITAIN, Conn.—Matthew Yussman thought his ordeal was over. That he was safe. That the trauma was behind him. He was wrong.
NEW BRITAIN, Conn.—At about 3:00 in the morning on Feb. 22, 2015, Matthew Yussman walked up to his mother, who had been tied to her bed by two armed robbers, and refused to kiss her goodbye.
WASHINGTON—Collectively, credit unions each year face a $7.2-billion price tag to address regulation, according to a new study commissioned by CUNA that also quantifies how much Dodd-Frank has inflated the bill.
LOMBARD, Ill.—Executives at financial institutions are concerned about deposits, especially if rate competition increases due to Fed rate hikes and money begins to flow out.
GRAND RAPIDS, Mich.—Credit unions this year need to “cross the tipping point” towards online retailing.
CHICAGO—With loan growth continuing to outpace savings growth in what is for now a rising rate environment, credit unions will need to pay even closer attention to their interest rate risk exposure, advises the Federal Home Loan Bank of Chicago.
MUSKEGO, Wis.—Corporate credit unions continue to evolve following NCUA’s new rules post corporate crisis, and many will need to add new lines of business to continue to meet members’ needs, asserts one corporate CEO.
BEDFORD, Ind.—Will the U.S. see more CUs use the “network credit union” model in the coming years?