X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

“The issue isn’t how home prices have increased in value which is often talked about, but that we’ve gotten there through questionable lending practices.” – Dwight Johnston, WesCorp, vice president economic and market research, commenting on the possible effects rising interest rates may have on ARM borrowers’ ability to afford rising monthly payments. “The actual market share is heavily on the bank side. That hasn’t changed much over the years.” – Karl Yoneshige, president/CEO of $760 million of HawaiiUSA Federal Credit Union on a recent study showing Hawaiians have more relationships with credit unions than banks but not necessarily more deposits. (See full story in the March 29 issue.) “Over the years, as credit unions have matured and grown more sophisticated, I have seen an increasing momentum by credit unions to more fully serve those of more modest means. I fear that should the NCUA retrench from its encouragement of this direction, we will become just another money store.” -Visions Federal Credit Union Chairman Patrick Volpe in his comment letter to NCUA on its interim final rule halting underserved area adoptions by nonmultiple common bond credit unions.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?

 

Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times
Live Chat

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.