A New York credit union says for now, taxi medallions that serve as loan collateral are holding value.
According to 2013 HMDA data, refinances topped purchase money loans.
The $151 million Members First Credit Union in Manchester, N.H., hired Terry Wiegelman as vice president of marketing and sales and Matt Halfmann as branch manager. Wiegelman holds 15 years of experience in credit union marketing and previously worked at the $334 million Granite State Credit Union, also in Manchester,...
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Anthony Silvi was appointed SVP and chief lending officer for the $592 million Sb1 Federal Credit Union in Philadelphia. Previously, he served as the vice president of financial services at the $656 million Freedom Credit Union in Warminster, Pa. He also worked as SVP of lending at First Penn Bank...
Investors may be pouring less cash into houses, according to RealtyTrac.
Two executives who shared CU Times’ Trailblazer Award for Lending in 2011 move on to work together at another credit union.
Two credit unions carrying up to a 45% concentration of home equity lines of credit said the loans are not at risk or that they have taken steps to monitor and mitigate potential risk.
CU Holding Co rebrands its offerings to keep pace with changing times.
Experts say credit unions must focus more on the MRM big picture and less on the software's technology.