PLANO, Texas–Crypto platform NYDIG’s unexpected exit from the credit union space may have reduced CUs’ interest in cryptocurrency for a while, but that interest is returning as credit unions seek ways to retain deposits and relationships as the struggle for liquidity persists, according to the Cornerstone League.
LAKE JACKSON, Texas—One credit union that has agreed to purchase a billion-dollar bank says two of the reasons for the decision are peer-to-peer CU mergers are difficult, and scale is increasingly necessary to compete.
LOMBARD, Ill.—With delinquencies in mortgage loans and home equity products becoming a concern among some credit union leaders, Bill Handel contends the problems will largely be isolated to lower-credit-tier borrowers, and suggested CEOs pay attention to a number of details.
LAKE FOREST, Ill.—After offering average deposit rates priced higher than banks for 16 consecutive years, credit unions have lost that advantage, according to new data.
PLANO, Texas—There is good and bad news for mortgage lending this year, according to one economist, who is cautioning a significant “course correction” in home values may be looming.
ORLANDO, Fla.–One of the best color commentators in college basketball shared numerous insightful observations with credit union leaders here, beginning with why “everything you do is important”--most especially that which seems unimportant—and ending with a life lesson from ladders.
CARMEL, Ind.—One company that boosted its employees’ community involvement by more than 300% in just one year is sharing how it did it.
LAKE FOREST, Ill.—With new data showing credit unions have lost the white hat on overdraft pricing to fintechs, what can CUs do to put it back on their heads?
ORLANDO, Fla.–Every credit union, and especially their CFOs, is feeling the pressure of margin compression, and yet the news isn’t nearly as bad as many believe and there are actually some opportunities in the market to be had—if a CU approaches its balance sheet in the right way, according to two people.
WASHINGTON—A former NCUA chairman who opposed NCUA oversight of third parties while he was in that role said it’s a viewpoint he continues to hold, saying he believes granting NCUA such authority would present new challenges for the agency and turn the agency into the “Federal Trade Commission of the credit union industry.”
