Taxi Medallion Prices Head Downtown During Auction 05/18/2022 06:14 pm NEW YORK—Credit unions in this city that make taxi medallion loans have received more bad news, as an auction at a Queens hotel indicated prices for medallions continue to fall as ride-sharing services take their toll on once-lofty medallion values.
Taxi Medallions Now At Half Their Value—And That’s Just From 2014 05/18/2022 06:19 pm NEW YORK—A new report sets taxi medallion values in New York City at about half their peak 2014 value.
Taxi Medallion Lender Reports Increase In Delinquencies 05/18/2022 06:30 pm PURCHASE, N.Y.—Quorum FCU, a taxi medallion lender, reported an increase in delinquencies during the third quarter due to troubled participation loans.
As Medallion Value Hits New Low, Taxi Commission Moves to Stabilize Market, Help CUs 05/18/2022 06:33 pm NEW YORK–The Taxi and Limousine Commission here has implemented several new rule changes as it seeks to stabilize the market for taxi medallions, which continue to sink in value and which have broad implications for credit unions—and not just those involved in medallion lending.
