TALLAHASSEE, Fla.–One-in-four small business owners reported that they will have to close their doors in the next six months if the current economic conditions don’t improve, up 5% from last month, according to the National Federation of Independent Businesses’ Research Center.
ARLINGTON, Va.—Net interest margins at credit unions have been “plummeting” as credit union share growth remains at an all-time high on a year-over-year basis and loan growth remains stable overall – heavily influenced by first mortgage real estate loans, NAFCU reported in a new analysis.
WASHINGTON–While the credit union focus on a massive defense bill now before Congress has been on provisions related to giving banks access to military bases, the legislation also includes what are being described as “widespread” changes to the Bank Secrecy Act and anti-money laundering (AML) laws.
ELKO, Nev.– Elko Federal Credit Union has launched “We’re Kickin’ It Back to You,” a year-end $50,000 give-back for members with qualifying EFCU loans closed by Dec. 31, 2020.
WASHINGTON–Mortgage applications in the U.S. continue to surge, with the number of applications filed up 9% last week over the prior week, according to the Mortgage Bankers Association's seasonally and holiday adjusted index.
ARLINGTON, Va.—The median length of NCUA exams increased to 14 days – potentially due to coronavirus-related disruption to operations or the piloting of the agency’s new Modern Exam and Risk Identification Tool (MERIT), a new analysis reveals.
WOODBURY, Minn.–Ideal Credit Union has again launched its $1,000 Holiday Debit Card Giveaway aimed at boosting usage of its cards.
MADISON, Wis.–Credit union loan balances were up 0.5% in September, while CU membership growth continues to be anemic, according to the latest CUNA Mutual Trends Report.
WASHINGTON–The FDIC said it is seeking experienced financial advising firms to help it develop a structure and “operational aspect” for a new “Mission-Driven Bank Fund” it is establishing to assist minority depository and community development financial institutions.
WASHINGTON—CUNA, NAFCU and 79 other organizations have written to the leadership in Congress, Treasury and the Small Business Administration to express concerns over a new Paycheck Protection Program (PPP) review process, including “Loan Necessity Questionnaires.”
