During the past year, memberships grew 4.2%. CUNA Mutual projects that membership should grow more than 3% this year.
Debt collection, mortgages and credit reporting continue to dominate consumer complaint topics.
Twenty-six percent of national complaints focus on debt collection; in Florida, most consumers complain about mortgages.
An interim final rule gives more small creditors operating in rural and underserved areas eligibility for special provisions.
Credit unions must develop purchase money strategies and work collaboratively.
Credit unions should tighten their mortgage lending standards to reduce risk in 2016, RealtyTrac’s VP says.
One third of Americans will use a tech company for most financial services by 2020, a new report finds.
FHLBank member financial institutions will not be required to keep 10% of their assets in residential mortgages.
CUNA Mutual Group reports strong loan growth in 2015, including a 39% hike in first mortgages.
Subprime borrowers are partially to blame for a year over year fall in average balances.