The decline and demise of well-known retailers such as Blockbuster, Kodak and free-standing bookstores offers proof of just how rapidly industries are shifting to keep up with consumers’ needs and wants.
Consultant says impact that credit union real estate loan portfolios have on net worth has increased and drawn the attention of NCUA examiners.
Despite shedding jobs, cutting pay, trimming benefits, curbing services and expanding the tax base, the state of Rhode Island is in deep financial trouble, and credit unions there are doing their best to stay afloat.
The regulatory clock ran out on $5 million El Paso’s Federal Credit Union of El Paso, Texas last week.
The decline in the number of small credit unions is very visible. I just finished an analysis of the local credit unions in my service area, and I think I have found some interesting information that may explain what is happening. I looked at the last five year period, June...
Second-quarter NCUA stats show Ocean State swimming against economic tides.
The Federal Reserve Board said commercial real estate market conditions have held steady or improved in nearly all 12 of its districts in recent weeks.
Credit unions that have restructured loans for struggling members no longer have to pay the price on their financial performance reports. That’s because a final rule released in May by the NCUA, which applied GAAP standards to the reporting of delinquent restructured residential mortgage loans, included a provision that released...
Some banks easing underwriting standards for large firms but small business requirements remain the same.
“Everybody in California is jumping up and down about this,” Patelco CFO Scott Waite said of the new rule.