Last week, 700,000 Department of Defense civilian employees began taking once-a-week furlough days that will cut their pay by roughly 15%. How will the temporary pay cuts affect credit unions?
Almost a year to the date since Navy Federal Credit Union launched its commercial participation loan program, the country’s largest cooperative said it is ready for changes mandated by an NCUA rule even after the regulator recently extended a compliance deadline.
This preview from our July 17 print edition takes a look at the NCUA's new loan participation rule.
Data show slow growth for banks and some record volume in credit union space.
The credit union will give away $20 loyalty cards for users to patronize local shops in a Norfolk, Va., neighborhood.
The $54 billion credit union said $2.3 billion of its record $3.1 billion in consumer loan originations so far in 2013 are auto loans.
ALEXANDRIA, Va. — The NCUA’s proposed derivatives rule includes a possible fee structure for credit unions applying for and using the authority that could discourage them, say those involved with the regulator’s pilot program. And one credit union chief financial officer said she won’t apply if the final rule includes...
Affinity CFO says "to pay fees to reduce risk to the fund is alien to me in any other regulatory regime.”
Credit union says first quarter continues record pace and that 100% financing program performance stays strong.
Navy Federal, SECU, BECU, Golden 1 and America First on list.