Hudson River Community Credit Union, Hudson Falls, N.Y., promoted Erika Williams to senior financial services officer at its Hudson Falls branch.
Net income and net worth increased at federally insured credit unions during the third quarter, but overall lending was flat and the rate of member bankruptcies increased over last year, according to data released last week by the NCUA.
Only three credit unions were recipients of Excellence in Lending awards this year in large part because of a rough lending atmosphere.
Net income and net worth increased at federally insured credit unions during the third quarter but overall lending was flat and the rate of member bankruptcies increased over last year, according to data released today by the NCUA.
For the first time in two years, Florida's credit unions have experienced a drop in loan delinquencies and net charge-offs, the League of Southeastern Credit Unions reported.
LAS VEGAS -- Just like bass fishing, where it's said 10% of the fishermen catch 90% of the fish, typically only relatively few of a bank's customers or a credit union's members are truly profitable.
CUNA Mutual Group acknowledged that a rough lending atmosphere was part of the reason that only three credit unions received Excellence in Lending awards this year.
A recent segment on ABC's "Good Morning America" shined a spotlight on the credit unions difference.
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.