The prospect of credit unions building a stronger housing finance industry received some good news last week when a new CUSO, Mortgage Liquidity Solutions, announced its first sale of participations in CU-originated mortgage loans.
Mortgage Liquidity Solutions makes sale for Affinity Plus FCU in St. Paul, Minn.
Credit unions hope the growing consumer anthem of “We’re not gonna take it,” over the latest debit card bank fees, has those consumers primed to make a switch.
This article will be among the news, features, analysis and insight filling the pages of the next print edition of Credit Union Times.
Credit unions across the country have been making the most of the opportunity that Bank Transfer Day represents.
At recent gathering with Minnesota legislators, raising the member business lending cap was among the topics up for discussion.
Affinity Plus Federal Credit Union, St. Paul, Minn., announced that its chief administrative officer, Elizabeth Hayes, was honored with the award of "Top Women in Finance."
Given current stagnant growth, aging boards and NCUA assessments, the industry need not be surprised by more small credit union mergers, the CEO of the $1.3 billion Affinity Plus Federal Credit Union, forecast Monday.
The majority of credit unions have seen their credit card programs largely unchanged by the implementation of the Credit Card Accountability, Responsibility and Disclosure Act.