A new analysis by Sandler O’Neill underscores how critical the sheer size of financial institutions has become to their surviving and thriving. Yet top performing credit unions are being held back by a systemic lack of accountability.
The Texas Association of Business said credit unions have a strong track record when it comes to lending to small businesses.
Clifford Rosenthal, CEO of the National Federation of Community Development Credit Unions, is leaving the federation to take a position with the Consumer Financial Protection Bureau.
If a House bill backed by the American Bankers Association in a new package of legislation designed to help small businesses create more jobs gives credit unions expanded lending authority, the banking trade group has vowed to pull back its support.
Trade says no endorsement without member business lending or supplemental capital relief.
The Trust for Credit Unions said Wednesday that one of its three mutual funds, the Ultra-Short Duration Government Portfolio, exceeded its benchmark by 25 basis points in 2011.
SAFE CU reported as holder of accounts, said to have alerted authorities.
Mortgage interest rates show no regard for records.
Northwest Credit Union Association CEO warns of deposits' impact on capital-to-asset ratios.
Four of the agency's corporate bond issues lose AAA rating.