App-based transportation services such as Uber and Lyft have brought increased competition to the city of New York's taxicab industry and introduced an element of uncertainty on the value of taxi medallions and potentially to those credit unions that finance their purchase or use them as collateral for other loans.
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The $1 billion CAP COM FCU moved to an 118,000-square foot, three-story facility in September.
Members at credit unions in Iowa, Michigan and Utah received the most mortgages compared to other cooperatives.
New service from CO-OP Financial Services lets members set spending and transaction limits.
Credit union to invest $1.35 billion to expand facilities in Pensacola, Fla.
A New York credit union says for now, taxi medallions that serve as loan collateral are holding value.
According to 2013 HMDA data, refinances topped purchase money loans.
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National Association of Realtors praises QRM's focus on underwriting, not large down payments.