ALEXANDRIA, Va. – NCUA has released its quarterly analysis revealing a state-by-state look at credit union performance data. It shows the median rate of loan growth continuing to rise at federally insured credit unions in the year ending Sept. 30, 2014.
THE news
BURLINGTON, Vt.—NorthCountry FCU is offering a successful income-advance program that not only keeps members away from predatory payday lenders, it builds strong ties with employer groups.
KALAMAZOO, Mich.— Educational Community Credit Union is reporting that a loan campaign that focused on Gen Y helped drive more than $8 million in loans over a 10-week period.
COLORADO—If NCUA turns down The Fourth Corner CU’s request for share insurance coverage, the world’s first credit union for the marijuana industry may turn to private insurance.
FERGUSON, Mo.—With much of the violence that has plagued this city hopefully behind it, a local credit union is now concerned for area shopkeepers, especially those who suffered damage in the summer and then again last week.
PHILADELPHIA—Hoping to find Good Samaritans and some good new members, Philadelphia FCU dropped 100 wallets holding coupons good for $5 all over town.
KALAMZOO, Mich.—KALSEE CU now holds the Guinness World Record for most coins tossed into a bucket by a group for one minute.
LOUISVILLE, Ky.—As FIs focus on Walmart’s GoBank account as a threat to transaction revenue, are they paying attention to the threat from reloadable prepaid?
CHICAGO—As credit unions continue working to build deeper “engagement” with members, one bank is sharing some insights into its own ongoing “journey” down that same path.
LAS VEGAS—Like a gambler who’s lived through a hard bust, one credit union here isn’t ready to bet the house now that better cards are coming its way.