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Jim covers economic data trends emerging for credit unions, as well as branch news and dividends.
Fed data shows auto loan balances falling nationally and at credit unions in the fourth quarter.
Workers FCU took a $62 million hit as it dumped underwater bonds acquired when interest rates were low.
Former NCUA chair Rodney Hood starts leading the OCC Monday.
VyStar posts a $100 million loss — the largest three-month loss — followed by an $81 million loss by Connexus.
Higher charge-offs, stagnant income and dwindling auto lending are major contributors.
Safe Harbor says Partner Colorado CU has agreed to pause payments, while they attempt to renegotiate the debt.
WOCCU’s leader sends a letter to Secretary of State Marco Rubio asking him to honor existing USAID funding obligations.
President Trump’s executive order leads the World Council of Credit Unions to halt projects from Peru to Ukraine.
Sundie Seefried prepared Partner Colorado Credit Union to spin off Safe Harbor Financial in 2022.
The NCUA is not sure how the executive order affects its grants. Democrats call the freeze unconstitutional.