Credit unions smashed through a previous record in the first-quarter 2012 when they originated 8% of all mortgages made in the U.S. Now there are signs that their success represents more of a sustainable trend than a mere statistical anomaly.
Agency inspectors say shortfall was from liquidation rather than bulk sale of Florida property by Michigan's failed Huron River Area CU.
In 1949, seven employees at the National Advisory Council for Aeronautics formed a credit union. The agency was destined to become the National Aeronautics and Space Administration in 1958, on the cusp of a time period when the space race with the Soviet Union was to end with a man...
RealtyTrac says sales of foreclosed homes accounted for less real estate sales in the third quarter of 2011 from both the prior quarter and the year before.
Presidential candidate again misspeaks on credit unions, raising question if its intentional or lack of understanding. Either is troublesome.
At the close of 2011’s second quarter, a handful of credit unions located in the sand states, where a teetering economy has made it most difficult for financial institutions to thrive, shared hopeful bits of news: net worth ratio improvements, net income increases, loan loss reductions and operating expense cutbacks.
This article will be among the news, features, analysis and insight filling the pages of the next print edition of Credit Union Times.
NAR reports August sales up nearly 19% from year-ago month.
For months it has been the sand states getting all the merger attention. But last week’s consolidation move by the $2.6 billion Visions FCU, Endicott, N.Y., to take over the long-ailing $330 million Paragon FCU in New Jersey shifted the merger focus to the Mid-Atlantic.
Nov. 1 conclusion eyed for New York credit union's takeover of troubled New Jersey counterpart.