Outstanding loans increased at a slightly higher rate in June, savings balances declined and share accounts rose slightly, according to a CUNA survey of 400 credit unions.
The positive press about credit unions continued this morning during a segment on ABC's Good Morning America.
For some credit unions, it continues to take a whole lot of arm twisting to prove that offering trust services to their members is really worth the effort and time commitment needed to see a steady return on investment.
The slowdown of savings growth at credit unions may be attributed to members wanting to pay down their high-cost debt first.
The National Consumer Law Center has charged that certain credit union payday loan alternative products are little more than payday loans sold under a credit union label.
How useful would it be to make the database of images gathered by the video cameras arrayed around the typical credit union branch searchable like Google?
House conferees turned down a proposal that would place car dealers under the purview of the new Consumer Financial Protection Bureau.
Does a payday loan alternative program have to be unprofitable to be good for members?
With competition coming back strong into the auto lending market, many indirect lending supporters argue that if a credit union is not at the dealership, it is missing out on loans.
The economic downturn of the past two years has been tough on banks, but it has presented the best opportunity in decades for credit unions to grow by expanding their base of auto loans.