Pentagon Federal Credit Union celebrated the New Year by adding $963 million in growth, bringing total assets for the Alexandria, Va.-based institution to $17.8 billion.
The Alexandria, Va.-based credit union brings in $963M last year to boost assets to $17.8B.
Opportunities continue to emerge in home equity.
Credit unions that make taxicab medallion loans dominate the largest average loan balance list. Find out
Credit unions grow their business lending portfolios in a recovering economy, and despite the MBL cap.
Review the complete prepared remarks NCUA Chairman Debbie Matz read at the November board meeting.
The $1.8 billion Technology Credit Union books $33M in SBA-backed loans as of Sept. 30.
Going outside the credit union's walls helps some get much-needed collection expertise.
App-based transportation services such as Uber and Lyft have brought increased competition to the city of New York's taxicab industry and introduced an element of uncertainty on the value of taxi medallions and potentially to those credit unions that finance their purchase or use them as collateral for other loans.
A New York credit union says for now, taxi medallions that serve as loan collateral are holding value.