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%.
For the first time ever, credit unions have originated more than 8% of U.S. mortgages originated in any given three month period, according to an analyst with Callahan and Associates.
For the first time, credit unions have originated more than 8% of U.S. mortgages originated in any given three-month period, analyst says.
Credit union assets topped $1 trillion in March, according to a report Wednesday by Callahan & Associates.
Open Solutions Inc.’s outlook on its immediate future differs than that of one of the leading raters of debt. While continuing its “B” corporate credit rating on the privately held core processing company, Standard & Poor’s said it has downgraded its outlook “to negative from stable, reflecting uncertainty as to the...
Ask Joel Dahlgren how to build a bigger, more financially stable, better-capitalized credit union and this Minnesota lawyer’s advice is surprising: regularly give away capital to members.
Credit unions needing to serve more members with fewer staff during these hard economic times might consider simplifying their products, increasing their use of technology and cooperating with other CUs.
Debit interchange and overdrafts are still expected to be the top noninterest income drivers for credit unions, despite changes being made to both sources.
One thing certain about the Regulation E overdraft requirements passed last November is that they go into effect for new accounts July 1 and existing accounts Aug. 15.