MADISON, Wis.–The CU industry loan-to-share is expected to hit an eight-year-low, and yield-on-assets ratio should hit an all-time low by year end, according to a new forecast from CUNA Mutual. ROA is also expected to decline.
THE news
WASHINGTON—A remote workforce has led to productivity gains and operating cost savings among lenders, a new report reveals.
NEW YORK–With many companies making plans to reopen offices this summer and later this year, both the companies themselves and academics are studying how the virtual work arrangements they’ve relied on during the pandemic will factor into their long-term plans — or not.
CHICAGO—Making mortgage payments took priority over other forms of debt payments during the past year, as the home became an essential place for Americans to work, school their children, and stay safe during the pandemic, according to a new analysis.
ARLINGTON, Va.—After falling in February, retail sales rebounded strongly in March, rising 9.8%.
NEW YORK–Google is reporting the search question, “When is the housing market going to crash?” spiked 2,450% over the past month. Right behind it in popularity was the question, “Why is the market so hot?” with searches doubling in just one week.
MADISON, Wis.––CUNA Mutual Group is committing up to $1 million to the World Council of Credit Unions—if credit unions rise to a challenge.
NEW YORK — The financial services industry ranks ninth out of the 10 industries studied in MBLM’s latest Brand Intimacy COVID Study, which analyzes brands based on emotional connections during the pandemic.
ST. LOUIS–The pandemic has hit Americans hard, and one year in a new survey shows many continue to feel the ongoing strain of the economic slowdown, although there is a “welcome flicker of optimism,” according to a new survey.
PHILADELPHIA–Police and Fire FCU has been named the “top-performing” credit union in the U.S. in a ranking by S&P Global Market Intelligence that ranked the top 100 CUs with assets of more than $100 million.