Financial trends show that parity between loan and deposit growth is slowing returning to credit unions, according to CUNA.
Industry economists agree that if the U.S. plunges off the fiscal cliff Dec. 31, credit unions probably won’t see any ill effects right away. However, even if a so-called grand bargain is reached between Democrats and Republicans, credit unions could see the loan growth momentum gained this year grind to...
Lending, liquidity and tax exemption are three areas where the search for the Grand Bargain could impact credit unions.
SNL Financial tracking firm says total loans were $27.48 billion then, $41.64 billion in second quarter 2012.
While business rates are not in the current Senate bill, a 10% increase in postage rates could cost credit unions $30 million annualized.
Major mortgage lenders appear to be continuing their strategic retreat from the U.S. housing finance market, leaving credit unions with a significant opportunity that they may not be willing or able to take.
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.
Folks slowed savings generally in July, but kept putting money in the IRA accounts.
The Crash Network continues to grow as young professionals gear up to crash the 2011 Missouri and Oklahoma leagues’ Convention & Exposition.
Regarding “Reports of the Death of Small Credit Unions Are Greatly Exaggerated,” cutimes.com, July 21. I agree with Mike Schenk that the death of small credit unions is exaggerated. Whenever you are talking about such a large group (there are over 6,000 credit unions with under $100 million in assets),...