ORLANDO, Fla. — Can mobile banking help a credit union better serve more unbanked and underbanked consumers?
The NCUA approved 12 consolidations in January 2014, down from 17 in January 2013, and 22 in January 2012.
The NCUA approved only about half as many mergers in January as it did two years earlier.
Although mergers completed in 2013 decreased from 2012, NCUA Economist John Worth said the pace hasn't changed much since 2000.
Per the Cornerstone league, Arkansas credit unions grew used auto loans 24.4% in 2013, and new auto loans by 4.8%.
Council also serves Cornerstone League member credit unions.
The $653 million Red River Employees Federal Credit Union in Texarkana, Texas, has won approval for a community charter that gives it the right to serve 746,618 potential members in Texas and Arkansas, its consultant said.
The NCUA-approved move will add nearly 750K potential members to $653M credit union's FOM.
Read about the credit union industry's latest career moves and milestones.
Read who was hired and promoted in the credit union industry, from CEOs to branch managers.