News

The ratio of borrowers that are 60 more days past due on their auto loans continue to remain at near historic low levels, TransUnion says.

The NCUA Board presided over a monthly board meeting Feb. 21 that concerned mostly positive news for credit unions. Two new rules that expand investment powers and field of membership reach were approved. And year-end share insurance statistics showed improved CAMEL scores and legacy asset performance.

The Michigan Credit Union League has held its Legislative Financial Literacy Challenge for 10 years, so the basics are in place for this years event in April, according to Kieran Marion, director of government affairs.

The expansion of CUNAs Regulatory Advocacy Report distribution is the latest effort by trade associations to respond to industry calls for solutions to the growing regulatory burden.

The $1.4 billion Alloya Corporate FCUs net income of nearly $6 million as of Dec. 31, 2012 is more than twice what the Warrenville, Ill.-based institution projected. How did President/CEO Chuck Furbee and his team do it in an era of low investment rates and little loan demand?

Having some kind of a succession plan in place, even just knowing who will take a CEOs place in the event of his or her sudden departure, is a necessity for every credit union. But experts say the best succession plans dont just determine who future leaders will be. They...