News

Merit-based auto lending–or risk-based lending–has been around for a while. But with the economy pounding many members’ credit scores, what’s been happening lately? Credit Union Times checked with a couple credit unions to find out.

When solving a problem or working toward a goal, going the direct route can actually be more complicated and less successful than taking a more circuitous route.

The latest forecasts for new auto loan originations at credit unions appear to be positive but with some caveats.

The financial statements of the NCUAs four main funds are presented fairly, but there are serious difficulties in the agencys financial accounting, according to an independent audit released on May 16.

The $3.1 billion Space Coast Credit Union has filed a suit against two investment firms over the alleged misrepresentation of a collateralized debt obligation that the cooperative said led to financial losses.

One of the inspirations behind creating a statewide lending brand that would be easily recognized by small business owners in Michigan evolved from conversations with local trade groups.