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DEXTER, Mich.—A growing “hidden risk” within auto lending could be creeping up in the rear view mirrors on many lenders, asserts one analyst.

ALEXANDRIA, Va.—Noting existing NCUA records retention rules may make it harder for credit unions—especially smaller ones—to run their operations, the NCUA board Thursday, by a vote of 3-0, approved an advanced notice of proposed rulemaking on its records preservation program.

SIOUX FALLS, S.D.—The $470-million Levo Credit Union plans to acquire a Sioux City, Iowa, branch of Heritage Bank, the CU announced. The two markets are approximately 85 miles apart.

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Feature New Auto Loan Risk

Jim Fish

Jim Fish

TROY, Mich. With 69% of Americans classified as financially unhealthy, the new J.D. Power 2023 U.S. Retail Banking Advice Satisfaction Study has found that those financial institutions that address this challenge “head-on with personalized financial advice” are earning high customer satisfaction and building strong consumer engagement.