WASHINGTON—Mortgage lenders’ profit margin outlook for the next three months remains on solid ground, according to Fannie Mae’s Q4 2019 Mortgage Lender Sentiment Survey.
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WASHINGTON–A new survey finds credit unions are far better at supporting their members' feelings of wellbeing than banks are—but the numbers are also relative, as across seven-of-eight attributes CUs were never scored higher than 30% by their members when it comes to helping improve their lives.
NEW YORK—Holiday shopping on Cyber Monday shattered existing records, with consumers spending $9.4 billion, a 19.7% increase from year-ago figures, when sales reached $7.9 billion, according to Adobe Analytics.
LITTLE FALLS, Minn.–The former president of a credit union here has been sentenced to eight years in prison. Margurite Cofell, 62, pleaded guilty in April to one count of fraud in what prosecutors called a multi-million-dollar scheme.
COLORADO SPRINGS, Colo.–Ent Credit Union has reached a settlement in a class action lawsuit over its overdraft fee practices. Ent CU is one of numerous CUs across the country to be hit with similar class action litigation.
WOODBURY, Minn.–Two credit unions are staging card promotions tied to the holidays.
WINSTON-SALEM, N.C.–Truliant FCU here will become the first credit union in the state that will be able to offer complete e-closing services on mortgages, according to North Carolina Secretary of State Elaine F. Marshall.
ALEXANDRIA, Va.–With one board member saying such a move is part of “credit union DN
ANN ARBOR, Mich.– For the first time in the history of the American Customer Satisfaction Index (ACSI), banks have been given a higher customer satisfaction score than credit unions.
ALEXANDRIA, Va.–NCUA is revising its Credit Union Profile form to collect information it says will help examiners determine federally insured credit unions’ (FICUs) exposure to LIBOR – the London Interbank Offered Rate – and their readiness to deal with its discontinuation after 2021.