Taxi medallion loans have been a hot discussion topic across CU Times’ social media channels.
Melrose Credit Union's net worth fell sharply from 18% in March 2015 to 10% in March 2016 due to taxi medallion loans going bad.
Narrow FOMs and membership expansion could create disparate impact red flags and attract unwanted examiner attention.
Montauk CU is one of four New York cooperatives serving the taxi medallion industry.
Editorial commentary on current issues from CU Times' editorial staff and correspondents.
As threats to the taxi industry rise, four New York credit unions are feeling the heat.
Four New York CUs are working to protect the value of taxi medallions and squelch app-based ride services.
Four CUs report struggles due to the ridesharing services that are crushing their FOMs.
Credit unions that make taxicab medallion loans dominate the largest average loan balance list. Find out
State high court decision allows the city of New York to sell 2,000 additional medallions for wheelchair-accessible yellow taxicabs.