The California credit union reaches the milestone after three years of auto loan, home loan and membership growth.
Total loans reach nearly $800B at the end of Q12016, an increase of 10.7% from a year ago.
Accurately gauging risk can make the difference between winning and losing new business.
An alternate path to traditional methodologies in compensation and performance management can reap rewards.
During the past year, memberships grew 4.2%. CUNA Mutual projects that membership should grow more than 3% this year.
In the first two months of 2016, 820,000 people joined credit unions - a 400,000-member uptick from last year.
First mortgage originations total $126 billion at credit unions, representing a 33% increase over 2014.
Thinking about a structural change? Filene makes a strong case for the network credit union concept.
Over the past 10 years, PenFed grew assets and members by 140% and 106%, respectively.
A lower-than-peer operating cost structure is key to PenFed’s growth.