Our company has completed its review of the U.S. credit union industry for 2019 and identified the most and least Operationally Efficient and Effective institutions.
THE 'tude
Long before Cupertino, Calif., had its “spaceship,” the nickname given Apple’s circular, futuristic headquarters, 2,100 miles away in Madison, Wis., there was another structure equally famous to locals, the “Round Building.”
Financial regulators in Washington and across the country have responded to the COVID-19 pandemic and the impact it is having on our nation’s economy by acting responsibly and providing swift and helpful measures for the institutions under their jurisdiction
Credit unions finished 2019 with very strong performance ratios and, although there were whispers of a slowing economy, they were poised to turn in another strong year in 2020
After the end of World War I there was a popular song that would have topped the charts if there had been charts at the time, “How You Gonna Keep ‘em Down on the Farm (After They’ve Seen Paree?).”
The financial crisis credit unions now find themselves in the middle of has been compared to the mortgage lending debacle of 2008 that caused the failure of numerous corporate credit unions and threatened thousands of natural-person CUs.
For many, the financial effects of COVID-19 are reviving ghosts of the 2008 recession that slammed the economy and shuttered some of the world's biggest banks.
Forget seeing them, we’re living them–the daily reports and photos and videos of streets that are empty and food bank lines that are full, of morgues with no vacancy signs and skies without contrails, of pipelines (both oil and loan apps) that aren’t flowing and tears that are.
Credit unions have several new options, each of which comes with its own set of challenges when it comes to supporting the latest payment forms on behalf of their members.
The COVID-19 global pandemic is the worst the world has seen since the Spanish Flu in 1917, and the toll has become unimaginable.