ALEXANDRIA, Va.– Credit unions in Oregon, Nevada and Washington led the country when it came to loan growth during the first quarter, while CUs in Pennsylvania and Connecticut saw the most tepid lending, according to the latest NCUA Quarterly U.S. Map Review.
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ARLINGTON, Va.—Total consumer credit has increased by an annualized 2.6% in April; meanwhile, consumer credit for credit unions rose 1.6% during the month – compared to a 0.5% increase for banks and 0.5% decrease for financial companies, reported NAFCU.
WASHINGTON—CUNA reiterated its support for the reauthorization of the National Flood Insurance Program (NFIP) in a letter to House Financial Services Committee leadership this week.
AUGUSTA, Maine–With backing from this state’s credit unions and the Maine league’s legislative team, the Maine legislature has voted overwhelmingly in favor of overriding the Governor's veto of L.D. 1055, An Act to Update the State Credit Union Charter.
CHICAGO—A new report suggests that the taxi industry in Chicago, home to the country’s second-biggest taxi fleet, may be close to going out of business due to ride sharing services.
IRVINE, Calif.–As home shoppers and mortgage lenders already know, a new analysis shows home prices are up both year over year and month over month.
ALEXANDRIA, Va.–Total assets in federally insured credit unions were up by $97 billion, or 7.8%, during the first quarter, while loans grew by $85 billion, or 10.6%, according to first quarter data released by NCUA.
WASHINGTON–The latest economic numbers are being greeted by economists with mixed reactions.
HARRISBURG, Penn.–A wager on the Stanley Cup finals between the Nashville Predators and Pittsburgh Penguins has been placed by the leaders of the CU associations in the respective states.
HOFFMAN ESTATES, Ill.–At almost the same time a group of financial institutions, including credit unions, has received a $5.2-million settlement in a class action lawsuit against Kmart over a 2014 data breach, the retailer acknowledged that hackers recently breached the credit card processing system of some of its stores again.