With less than four months left in 2011, this year could easily go down as the period when consumers shifted hard from buying to paying down debt and stockpiling rainy day funds.
When it comes to loan originations, it appears credit unions are seeing a glimmer of hope in their portfolios.
For some credit unions, what a difference five years made in the auto lending space.
CUNA Mutual Group report says credit union members are favoring share, money market accounts and paying down debt.
Membership growth remains muted, however, by historical standards, CUNA Mutual says in new Credit Union Trends Report.
Three months after a killer tsunami and earthquake engulfed parts of Japan, one of the outcomes is shaping up to be an opportunity for U.S. car manufacturers and shoppers.
The latest forecasts for new auto loan originations at credit unions appear to be positive but with some caveats.
This article could be called “Beyond Interchange Fees.” The changes that may come with a cap on interchange fees will be mastered by most credit unions. What this article zeroes in on are the very real threats that may imperil the very existence of many credit unions.
With members expected to continue paying down debt, credit unions could see the same type of savings growth experienced in 2010.
Total savings at credit unions were down by $1.8 billion in January, including a continued drop in certificates of deposit and individual retirement accounts.