Jim DuPlessis

Credit Union Management

CU Dividends Sent to 1.3 Million More Members

January 18, 2019

The dividend season total rises to $119.8 million to 2.9 million members.

Lending

When Car Ownership No Longer Equals Adulting

January 18, 2019

Credit unions that rely on auto lending business must start to consider the automobile's shifting role in American culture.

Lending

CUNA Still Sees Growth, but Headwinds Rise

January 16, 2019

According to new data, 2019 economic growth is on track for 2.25%.

Lending

Navy Federal, Other Credit Unions Keep Members Afloat

January 15, 2019

Credit unions announce more assistance programs for members as the partial government shutdown continues.

Growth Strategies

Managing Up to Member Expectations

January 11, 2019

A small Seattle-area credit union seeks an increase in size to thrive.

Lending

Jeanne D’Arc Now Helps Employees Pay Student Loans

January 10, 2019

This new benefit for CU employees is aimed at helping relieve the rising burden of student loan payments on recent graduates.

Lending

NAFCU Calls for Closer Regulation of Zillow

January 09, 2019

NAFCU tells Congress that more oversight is needed for fintech organizations offering mortgages.

Growth Strategies

ABA Says PenFed Merger a Threat to Small Credit Unions

January 04, 2019

PenFed maintains its mission to serve service members will not change following its “emergency merger” with Progressive CU.

Growth Strategies

PenFed Acquires Progressive

January 02, 2019

Merger includes about $290 million in taxi medallion loans, which PenFed says its size allows it to take on.

Credit Union Management

Credit Unions Share Returns With Members

December 26, 2018

The average special divident to credit union members was $55 among 11 announcements this fall.

Credit Union Management

NAFCU Creates Space for Finance Chats

December 21, 2018

The NAFCU CFO Network will allow candid talk for members only.

Lending

Location & Size Matter for Credit Unions: CU Times Analysis

December 19, 2018

A CU Times analysis shows small- and medium-sized CUs in the Middle Atlantic states have fared worse than others in the past year.

Lending

Interest Rates, Prices Flatten Purchase Originations

December 14, 2018

ATTOM research finds that refinancing reaches a record low.

Growth Strategies

Small Washington CUs Build Strength With Merger

December 13, 2018

The deal puts a CEO back in charge of a credit union he left in 2017.

Lending

Credit Union Loan Growth Tops 10%, Again

December 10, 2018

CUNA estimates show auto lending is leading the way.

Growth Strategies

Credit Union Income Surges in Third Quarter

December 10, 2018

The nation's credit unions benefit from the rising net interest and asset values.

Growth Strategies

CU 1 Extends Financial Services to Pot Businesses

December 07, 2018

The pilot program hopes to reduce cash handling for the growing number of marijuana growers and sellers in Alaska.

Lending

Metro Credit Union Joins Other Boston Non-Profits to Help the Poor

December 07, 2018

CONNECT organizations provide one-stop assistance for struggling community members.

Lending

CUNA Mutual Group Buys Online Business Loans Provider

December 05, 2018

The five-year-old Mirador will keep its operations in Portland, Ore.

Lending

Credit Union Loan Growth Continues to Slow

November 30, 2018

CUNA Mutual Group predicts an 8% gain in 2019.

Growth Strategies

Sharonview FCU Plans Balanced, Targeted Growth

November 30, 2018

Learn how one credit union plans to strategically ride out the next recession.

Infographic

Q3 Net Income Rises 20% for the Top 10 Credit Unions by Asset Size

November 30, 2018

A detailed look at lending and income data for the nation's largest credit unions.

Fraud & Enforcement

Digital FCU Battles Overdraft Lawsuit

November 28, 2018

A Massachusetts woman says fees were unfair and improperly disclosed.

Growth Strategies

Boston Credit Union to Expand With Two Mergers

November 21, 2018

City of Boston CU to acquire Chadwick FCU, Northeastern FCU on Jan. 1.

Lending

Survey Finds Middle Class Confident Despite Shaky Finances

November 14, 2018

CUNA Mutual Group warns of a disconnect between feelings and facts when it comes to members' short-term financial future and retirement.

Lending

Interest Drives Q3 Gain for Top 10 Credit Unions

November 14, 2018

A higher net interest income outweighs the rising operating costs.

Credit Union Management

Illinois CUSO Picks Earthmover CU CEO as New Chief

November 12, 2018

Calderone to join the ICUL Service Corporation as its leader by year's end.

Lending

Credit Unions Gain Auto Loan Share

November 08, 2018

New reports show credit unions are experiencing faster growth in this area than other lenders.

Marketing

Scott Credit Union Gets a Bit of the St. Louis Blues

November 07, 2018

The five-year deal also includes naming rights for a club next to the rink.

Marketing

California Credit Union Renames San Diego Venue

November 06, 2018

North Island Credit Union Amphitheatre replaces ‘Mattress Firm.’

Lending

Michigan Gives OK to Credit Union Trust

November 05, 2018

The special-purpose bank will allow founding credit unions to better serve aging members.

Lending

Guiding Members in Post-Recession Retirement

October 26, 2018

Credit unions can help members through concrete steps, such as refinancing for debt that gets in the way of saving.

Growth Strategies

Maine Harvest Credit Union to Open in 2019

October 16, 2018

The new CU will be the country’s first-ever to lend exclusively to farmers and food entrepreneurs.

Credit Union Management

Palisades FCU Gains Assets From N.Y. Liquidation

October 15, 2018

NCUA Closed Radio, Television and Communication on Friday.

Lending

More Than a Number: Credit Unions Find Ways to Lend to Immigrants

October 12, 2018

The Filene Research Institute tests a variety of loans to benefit minorities and other financially-vulnerable populations.

Lending

Delinquency Spike Forecast for Hurricane-Hit Areas

October 11, 2018

ATTOM Data, Corelogic find more homeowners fall behind in year after natural disasters.

Lending

Credit Union Loan Growth Might Top 10% – Again

October 09, 2018

If conditions hold, 2018 will be the fifth year of double-digit gains.

Lending

New Data Shows Home Affordability at Worst Level in 10 Years

October 04, 2018

ATTOM Data finds wages are not keeping up with typical mortgage costs.

Growth Strategies

Jefferson Financial to Buy Three Bank Branches

October 02, 2018

New Orleans CU to top $1 billion in assets with Synovus deal.

Growth Strategies

NCUA Closes Second Credit Union With Taxi Medallion Loans

October 01, 2018

LOMTO piles up $16.5 million in losses in the first half of 2018.

Lending

Credit Unions Respond to Car Buyers’ Behaviors

September 28, 2018

Taking the car-buying process to the member using services like GrooveCar.

Lending

Auto Tariffs Threaten Credit Unions

September 27, 2018

A CUNA economist warns new car loans would take a hit.

Lending

CUs Loan Growth Still Tops 10% in July

September 26, 2018

Credit unions are out-lending others, while some gains are getting smaller.

Lending

Survey: Young Worry Student Debts Bar Them From Owning a Home

September 21, 2018

NeighborWorks America finds Millennials, women and minorities feel the greatest burden.

Infographic

Credit Unions See Overall Mortgage Gains, Drop in Short-Term Mortgages

September 21, 2018

See detailed mortgage data on the top 10 credit unions and credit unions by asset class.

Lending

Credit Union Strives to Help House Santa Cruz’s Working Poor

September 21, 2018

Santa Cruz Community CU steps in as many struggle to buy where the income gap is wide and the prices are high.

Lending

Better Interest Margins Lift Net Income for CUs

September 19, 2018

Updated data from the NCUA shows Q2 numbers were up 16% despite loan loss provisions.

Lending

Student Debt Delays Home Buying

September 14, 2018

Student debt has risen to record levels while home ownership remains lower than generations past.

Growth Strategies

Oakland County CU & Vibe CU Announce Partnership Merger

September 12, 2018

Two Michigan credit unions have nearly $1 billion in assets.

Growth Strategies

PenFed Buys Ad, Marketing Agency

September 07, 2018

WHITE64 will continue to serve PenFed and others.

Credit Union Management

NCUA Liquidates Melrose CU

September 04, 2018

Taxi medallion losses sink the $1.1 billion credit union.

Infographic

Top 10 Largest Credit Unions: Data at a Glance

August 31, 2018

Second-quarter net income is flat for the 10 largest credit unions, with half making gains and half dropping.

Lending

Rising Interest Rates Barely Dent CU Lending

August 28, 2018

Credit unions' gains accelerate from May to June for cars and businesses.

Lending

Loan Loss Provisions Drag Down Top 10 Income

August 27, 2018

Profits are healthy, but drops of half cancel gains of others.

Credit Union Management

CU Employee Pay to Rise 2.7% to 3% Next Year

August 24, 2018

CUNA survey shows trends similar to the NCUA data for 2017.

Lending

Taxi Troubles Take Odd Turn

August 24, 2018

The taxi medallion losses continue having a significant negative impact on credit unions.

Credit Union Management

California Credit Union Replaces Fired CEO

August 17, 2018

The new CEO joined CoastHills in 2015 as chief information officer.

Growth Strategies

Two Wisconsin Credit Unions to Merge

August 16, 2018

CoVantage CU plans to acquire CentralAlliance CU in 2019.

Lending

Taxi Medallion Losses Nearly Double in Q2

August 15, 2018

Three New York credit unions lose $93.5 million.

Regulatory & Compliance

Math Gets Tough for Loan Losses

August 10, 2018

Current Expected Credit Loss will be challenging for large credit unions and could be a damaging blow for smaller ones.

Growth Strategies

Filene Plans National Launch of Immigrant Lending Program

August 08, 2018

ITIN Program tests at the top among loans to benefit minorities.

Lending

Credit Unions Provide Nearly One-Third of Car Loans

August 08, 2018

Fed data shows credit unions' share of auto loans tops 32% in June.

Growth Strategies

CommunityAmerica CU Scores With Kansas City Chiefs

August 03, 2018

NFL team picks credit union as its financial partner.

Growth Strategies

Credit Union Fees Wane as the Economy Gains

August 03, 2018

Large credit unions have been relying less on fee income in recent years, reflecting a mix of strategy, dividends of strong economic growth and the…

Growth Strategies

Credit Unions Forming Bank to Offer Investments

August 01, 2018

Credit Union Trust to open in Michigan in early 2019.

Growth Strategies

Wings FCU Buys 3 Minneapolis Bank Branches

August 01, 2018

KleinBank sells suburban branches before the planned acquisition.

Lending

Cars & HELOCs May Push Loan Growth for CUs

July 31, 2018

CUNA Mutual Group's Monthly Trends Report shows first mortgages stalled from April to May.

Lending

Credit Union Lending Allies Bring Balance

July 20, 2018

Correspondent lenders stepping in to help credit unions compete with the larger banks.

Lending

CU Direct Alliance Means Business

July 12, 2018

MBL LLC to help extend the CUSO further into commercial lending.

Cars & Cards Still Accelerating on the CU Highway

July 10, 2018

As other lenders tap the breaks, credit unions are making new lending gains.

Taxi Medallion Losses Take Out-Sized Bite

July 10, 2018

CUs holding commercial loans secured by taxi medallions or other non-real estate assets continue to impact the movement.

Credit Union Management

Ohio Healthcare FCU Maps Succession

July 05, 2018

O'Connell to replace Butler as CEO in 2020.

Fraud & Enforcement

Louisville Police CU Liquidated After $5.4 Million in Losses

July 01, 2018

Allegations of internal theft left unresolved.

Credit Unions Up Their Mortgage Game

June 29, 2018

With the refinance wave gone, credit unions hone their mortgage lending operations.

Lending

Loan Growth Revs Up – Yet Again

June 26, 2018

Mortgage and business lending allows March-to-April gains to outpace 2017.

Growth Strategies

Credit Union Income Spikes With Rebate

June 26, 2018

First-quarter gain reaches 35% with NCUA insurance distributions.

Lending

CUDL Rides Further Into the West

June 25, 2018

Pact allows CU Direct Connect to use indirect loan platform in Colorado and eight other states.

Lending

Regulator Asks Private Student Loan Insurer to Be Declared Insolvent

June 21, 2018

ReliaMax of South Dakota serves about 475 U.S. lenders, including credit unions.

Growth Strategies

WOCCU Spreads the Credit Union Spirit Abroad

June 15, 2018

WOCCU looks to spark more loyalty for credit unions in the U.S. and overseas.

Lending

Credit Unions Zoom Past $1 Trillion in Loans

May 31, 2018

CUNA Mutual Group reports a slowdown in most non-car sectors.

Growth Strategies

Connexus Merger to Add More Members in Wisconsin

May 25, 2018

Bull’s Eye Credit Union members vote to join Connexus.

Lending

Golden 1 Adds a Human Touch in Tech Corridor

May 25, 2018

The California credit union opens a new mortgage center near San Jose.

Infographic

By the Numbers: Credit Union Auto Lending, 2017 to 2018

May 25, 2018

Take a deep dive into auto lending stats based on NCUA data of the nation's top credit union auto lenders.

Lending

Credit Unions Lean More Heavily on Auto Loans

May 25, 2018

While credit unions continue to rely on auto loans, originations rise at a slower pace.

Hope Credit Union Wins Financial Inclusion Challenge

May 23, 2018

Mississippi credit union is honored for its efforts to reach rural communities.

Lending

Top 10 CUs See Income Rise Despite ReFi Drop

May 10, 2018

Credit unions are watching as real estate dealings fall flat while credit card, auto and business loans climb.

Growth Strategies

Small Credit Unions Ride Waves of Change

May 09, 2018

Credit unions with less then $50 million in assets are facing big challenges.

Lending

Fed Shows Credit Unions Still Lead in Consumer Loan Growth

May 08, 2018

Gains in credit card and auto loans help make up for the drop in real estate lending.

Growth Strategies

CUNA Mutual Economist: Expect Recession in 2020

April 27, 2018

Steven Rick predicts mild downturn as savings eclipses lending growth.

Growth Strategies

Credit Unions Enjoy Early Spring in Loans

April 26, 2018

CUNA Mutual finds the January to February lending bounce is bigger than usual.

Growth Strategies

The Federal Savings Bank Reaches Out to Credit Unions

April 24, 2018

The bank seeks service agreements with innovative credit unions that want to provide a reverse mortgage option for members.

Growth Strategies

PenFed, Foundation Launch Seed Fund for Vet Startups

April 23, 2018

PenFed CU to give up to $1 million in matching funds.

Credit Unions Take Steps to Build Member Wealth

April 20, 2018

Officials say only 16% of credit unions offer financial services, however, those are typically very large CUs.

Growth Strategies

PenFed Expands Wealth Management Offerings

April 19, 2018

The second-largest credit union announces pact with CUNA Brokerage Services.

Community/People News

CUNA Promotes Rivera to CFO

April 12, 2018

Former Controller Eddie Rivera has 24 years of experience with the Madison, Wis., trade group.

Growth Strategies

Mountain America Acquires Dugway FCU

April 09, 2018

Merger of Utah CUs allows one to gain 637 members from a CU that served an Army base.

Growth Strategies

Credit Unions Gain Bigger Hand in Credit Cards

April 09, 2018

Fed report shows higher credit union shares for revolving and non-revolving loans in February.

Credit Union Management

Oklahoma Educators CU Supporting Teachers During Walkout

April 06, 2018

OECU shows support for its members during teacher protests in Oklahoma.

Growth Strategies

CUNA Adjusts Economic Outlook Due to Possible Trade War

April 06, 2018

“We have growing concerns over calls for trade tariffs and the increasing possibility of trade war.”

Growth Strategies

Credit Unions Follow Members as Life Happens

April 04, 2018

A life event approach helps credit unions translate products to meet members' needs.