What do New York City yellow taxicabs drivers, Evangelical Christians and eastern European immigrants have in common? They all depend on credit unions to own a business, worship at their church and own a home.
All credit unions hope for a positive return on equity, maybe even an exceptional one, but primarily as a byproduct of successful strategies employed in serving members.
Compared to other $10B+ cooperatives, the Vienna, Va.-based credit union tops the list for fee income.
Rule would require 10% of credit union assets in residential mortgages to stay in Federal Home Loan Bank system.
The $29B State Employees’ CU says it’s ready for NCUA’s stress testing procedure.
CU Share Insurance Fund Parity Act would direct NCUA to extend insurance to owners of funds held in trust accounts.
Agency explores field of membership, secondary capital for low-income credit unions.
The $548M National Institutes of Health Federal Credit Union latest to go live.
Seven people across the country indicted, allegedly part of $2.4M fraud ring that hit more than 15 credit unions.
Center for Financial Service Innovation estimates underserved consumers spent $1.3 trillion on financial products and services.