It was George E.P. Box, the eminent statistician, who said, “Essentially, all models are wrong but some are useful.”
Lone Star consolidation would create $816 million institution in growing market.
Do you want to know a secret? Roughly three in 10 small credit unions do not maintain their core systems in-house, instead using “hosted” or “service bureau” solutions where the core is in fact maintained off-premises by a third-party vendor.
'Expected credit loss' measurement would replace current model that requires loss to occur before recognized.
The fight to increase the current 12.25% member business lending cap has been a long and arduous one.
As fight to raise cap continues in congressional lobbies, business loan programs continue to grow.
For the first time ever, credit unions originated more than 8% of all U.S. mortgages originated in any given three month period, Callahan and Associates announced in May. The previous record had been just over 5%.
They say everything is bigger in Texas, but one thing that wasn’t. The real estate boom and subsequent bust. And it has worked out for credit unions in a big way. According to the NCUA’s second quarter statistics, homes in the Lone Star state have gained nearly 5% in value...
They say everything is bigger in Texas, but one thing that wasn’t – the real estate boom and subsequent bust – has worked out for credit unions in a big way.
Callahan and Associates on Monday re-launched its 15 year-old website offering data and analysis, CreditUnions.com, with a focus on three new services.