The National Credit Union Foundation, in partnership with the Filene Research Institute, said 14 credit unions will participate in a product incubator for subprime auto loans.
Denver-area corporate did not reveal if new members paid in capital to join.
Although mergers completed in 2013 decreased from 2012, NCUA Economist John Worth said the pace hasn't changed much since 2000.
Credit unions continue to bask in the glow of their record auto lending growth, but an increase in subprime repossessions may be a cause for pause.
Now that the NCUA board has approved a proposal that would require all CUSOs to file financial reports directly with the regulator and the appropriate state supervisory authority, some CEOs of member business lending CUSOs have weighed on what the the changes may mean for their operations.
Total up $103 billion from year-ago third quarter, credit bureau data shows.
Four going to Corelation and one to Bradford-Scott and Sharetec.
Michigan-based core processor buys Montana-based processing, draft, print mail and security services provider.
Floods, rain, hail and wind were the major drivers of damage and destruction in August 2013, says Aon’s latest global catastrophe recap report.
Credit rater reports record low share of delinquent dollars as economy turns up for small businesses.