Credit unions with more than $500 million in assets were responsible for most of the loan growth in the first quarter, Catalyst economist says.
There are more signs that consumers are back at the dealerships where they’re not only buying new vehicles but signing leases as well.
The Department of Labor reported Friday that the unemployment rate rose to 7.6%, despite 175,000 new jobs created during the month of May.
Tight margins continue to dampen enthusiasm in credit union corner offices.
Catalyst Corporate economist Brian Turner says higher payroll taxes offset impact of low inflation.
Vehicle loan originations continued to be a bright spot for credit unions this year.
Lending, liquidity and tax exemption are three areas where the search for the Grand Bargain could impact credit unions.
Last week, credit unions’ federal tax exemption appeared to be in jeopardy. H.R. 6474 would have gradually repealed credit unions’ tax-exempt status over five years. Fortunately for credit unions, a spokesman for Rep. Dennis Ross, the bill’s sponsor, explained that the inclusion of this in the bill was accidental,...
While credit unions seem to have dodged this lob for now, it did draw attention to the credit union tax exemption, which the banking lobby is sure to relish.
More than a week after President Obama was given another opportunity to lead the country, most pundits agree that how voters in states like Michigan and Ohio felt about the federal bailout of the auto industry played a huge role in the campaign’s outcome.