Small credit union CEOs share their tips to boost to the bottom line.
Card fees counted as income, not expenses, helped Commonwealth Utilities Employees CU grow noninterest income.
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...