ARLINGTON, Va.—Existing home sales rose 14.5% in February to a seasonally adjusted annual rate of 4.58 million units, breaking a 12-month decline streak and representing a 22.6% decrease compared to a year ago.
THE news
ARLINGTON, Texas—Texas Trust Credit Union is reporting it has doubled its asset size in six years and now has hit the $2 billion threshold in assets.
DILLONVALE, Ohio–A review of 10 new merger disclosure forms filed with NCUA again finds CUs citing aging memberships, retiring leaders, and the inability to offer many services as reasons for seeking to combine. But the newest batch of CUs seeking to merge also shows a number posted year-end losses, and others planning merger-related payouts to both members and employees.
MADISON, Wis.–Credit unions should expect loan growth to slow in 2023, while net capital growth will also be “subdued,” according to the new Trends Report from CUNA Mutual, which further projects membership growth over the next two years to be below the recent five-year average.
LAWRENCEVILLE, Ga.—After seven months of declines, used vehicle values increased in February, according to new data from Black Book. But the increase is no surprise, as the spring buying season approaches, the company said.
WASHINGTON–Origence Lending Services has set several goals this year, including addressing myths and informing credit unions of all it can do, including not just expanding loan markets but even becoming a CU’s entire loan department, according to one executive.
NEW YORK—It appears more bad news is mounting related to the growing amount of consumer credit card debt.
MADISON, Wis.– The National Credit Union Foundation is reporting its new Impact Report shows it helped credit unions navigate the modern-day challenges of growing membership, managing risk, retaining talent and developing a mission-driven culture in 2022.
WASHINGTON–Any credit union leader who previously downplayed the “vulnerabilities” represented by technology is likely no longer playing down those threats, after one panel of experts here shared their experiences, warnings and views.
NEW YORK—As credit card debt hit an all-time high of just shy of $1 trillion in the final three months of 2022, delinquencies among borrowers also accelerated.