Credit unions loans continued their decline in 2010, but credit unions made more loans for used cars, launched more credit card accounts and issued more first mortgage loans last year, according to NCUA.
The $22 billion State Employees’ Credit Union said it looks forward to “showcasing all we’ve been doing for consumers” now that it is the first state-chartered CU to formally come under regulatory purview of the new Consumer Financial Protection Bureau.
Have a spare $100,000 looking for a rewarding place to park? Corporate One says it may have the solution in new off-balance sheet mutual fund products.