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.
AMCCU dismantled, purchased by TruStone Financial.
People and promotions.
Competitive loan pricing and a decline in loan delinquencies have helped create more demand for commercial real estate loans.
Total assets officially topped $1 trillion and net worth reached a new high of $100.3 billion, according to Call Report data released Friday.