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Jim covers economic data trends emerging for credit unions, as well as branch news and dividends.
SBA loans account for less than 1% of credit union loans, but growth was four times faster than other loans last year.
Payments CUSO says the industry needs to keep an eye on delinquency rates, too.
Fed maintains rates and signals slower economic growth and higher inflation this year.
NCUA data shows 22,016 branches and other locations as of Dec. 31 — one more than at the end of 2019.
The fee-free credit union's executive team is disappointed in Hauptman’s decision, as it goes against cooperative values.
Nigerian launches Heritage Hub Federal Credit Union to serve Africans and African-Americans in the Houston area.
Fed’s latest report shows bank growth stalled in January and December, while credit union growth quickened in January.
SRP will return to Allendale with a new branch later this year, while other credit unions announce plans from Alaska to Louisiana.
Experian finds the credit union share of loans and leases dwindles in the final months of 2024 for both new and used cars.
Credit union allows the cannabis financing spinoff to make interest-only payments for two years on $14 million debt.