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),...
The plight and protection of small U.S. credit unions came in for new scrutiny last week following a controversial think tank study by Celent, the Boston research firm, finding that CUs under $50 million are fast disappearing under the weight of tech products, competition, compliance and their own “inefficiencies.”
CUNA economist: Despite size, small credit unions surviving at same rate as small banks.
Study saw demise of small CUs approaching.
SAN ANTONIO — The economy will improve slightly, but consumers will continue to be cautious about spending and talking on new debt, CUNA's top economists said at a session during America's Credit Union Conference.