Jim DuPlessis

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.

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.

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.

Growth Strategies

S&P Ranks Fox Communities CU as 2017’s Best Performer

April 03, 2018

Appleton, Wis., credit union's incredible growth is boosted by two mergers.

Growth Strategies

Credit Unions Ride Growing Economy

March 29, 2018

Despite jolts from trade war threats, credit unions are "on a course of buoyant growth."

Growth Strategies

PenFed Forges Tie With Splash for Student Loans

March 28, 2018

Private student loans at credit unions have more than doubled since 2012.

Credit Union Management

Taxi Medallions Weigh Down Credit Unions

March 26, 2018

LOMTO Federal Credit Union, Melrose and Progressive CUs together lost $423.3 million in 2017.

Lending

Navy Federal, PenFed Lift Credit Union Lending

March 21, 2018

Two of the largest credit unions lead the way in progressive private student loan programs.

Growth Strategies

Champion Credit Union Expands as Members Move

March 19, 2018

One credit union is expanding as the membership base heads out of the city.

Growth Strategies

Falling ReFis Drag Down 4Q Mortgage Originations

March 16, 2018

New data shows purchase gains were too small to prevent another quarterly dip.

Growth Strategies

First Mortgages Fall, Second-Liens Rise

March 15, 2018

Fourth quarter shows an overall decline in real estate originations.

Credit Union Management

NCUA Conserves Chicago Credit Union

March 14, 2018

The NCUA cites "unsafe and unsound practices" at Beverly Bus Garage FCU.

Growth Strategies

Indiana Credit Union to Acquire Kentucky Bank

March 13, 2018

This marks the second acquisition in the last two years for Evansville Teachers FCU.

Growth Strategies

Car Lending Drives Growth for Credit Unions Big & Small

March 12, 2018

NCUA data shows top 10 car lenders grew on par with the rest of CUs in 2017.

Growth Strategies

Drivers Paying Longer & More for Car Loans

March 10, 2018

Experian report shows higher rates, terms, payments in fourth quarter.

Credit Union Management

Land of Lincoln CU Seeks New CEO

March 09, 2018

Althoff named interim CEO as Harris leaves Illinois credit union for an undisclosed relocation for a new job.

Payments/Credit/Debit

CUs Gain Bigger Share of Post-Holiday Card Debt

March 07, 2018

Consumers owe more than $1 trillion to all lenders in January, according to the Fed.

Growth Strategies

Solar Lending Grows Despite Tariff

March 07, 2018

Despite the tariff, the pipeline of loan requests is increasing at a normal pace.

Credit Union Management

Small Credit Unions Battered in Fourth Quarter of 2017

March 06, 2018

Net losses widen as income stalls for credit unions with less than $10 million in assets.

Growth Strategies

Credit Unions Out Run Community Banks in 2017

March 02, 2018

Credit unions post higher lending gains for cars, real estate and credit cards.

Growth Strategies

PSCU Buys Minnesota Collections Company

February 28, 2018

PSCU announces the acquisition of CU Recovery and The Loan Service Center.

Credit Union Management

PenFed Helps Put on Concert to Aid Puerto Rico

February 22, 2018

Gary Sinise and his Lt. Dan Band to play a free benefit concert in Puerto Rico.