The continued shrinking of first mortgages contributes to the drop in production for the nation's largest CUs.

Lower operating income and higher loan loss provisions erode earnings, but net interest income rises.

Credit union with a cannabis spinoff has now lost nearly $60 million in the first nine months of 2023.

The CU is opening a branch in a sparsely populated region 300 miles south of its headquarters near Salt Lake City.

Economists think further rate hikes are unlikely by the Fed, as a report also shows moderating inflation.

Greenlight Financial's CUSO forms after an investment from Curql.

New branches are being added by InRoads FCU near Portland and Affinity Plus FCU near Saint Paul.

MBA also reports a rise in commercial real estate delinquency rates from June to September.