Michigan-based Valley State Credit Union has been placed into conservatorship by the Michigan Department of Insurance and Financial Services.
In an effort to outpace regulators, payday lenders move from a lump sum to installment repayment model.
Large credit unions are continuing to grow more than small ones.
NCUA Chairman Rick Metsger issues warning to credit unions regarding delinquencies.
Why the time is right for credit unions to zero in on this niche market.
Total loans reach nearly $800B at the end of Q12016, an increase of 10.7% from a year ago.
The decrease comes as a result of a 20% year-over-year drop in loan refinances.
Editorial commentary on current issues from CU Times' editorial staff and correspondents.
Washington State, Alaska see the highest loan growth at 9% and 8%, respectively.
Despite a net loss of 288 credit unions, the industry gains nearly 250,000 new memberships in 2015.