Crime ring stole nearly $1 million from four credit unions with locations in Chicago.
Return to pre-recession payment pattern noted by credit bureau.
South Carolina credit union promises to forgive newly written auto loans if Mayan Calendar prediction is true.
Jim Adamczyk can remember receiving an increase in calls from banks interested in FAIRWINDS Credit Union’s auto loan portfolio. That was as recent as 2010, said Adamczyk, executive vice president of lending, for the $1.7 billion cooperative in Orlando, Fla.
Multi-featured lending has been a hot topic since changes to Reg Z’s open-end rules were announced in 2009. The most recent development is the NCUA’s July 2012 letter to federal credit unions, 12-FCU-02, and accompanying supervisory letter to examiners.
When it comes to auto loan portfolio acquisitions, some might see credit unions as the equivalent of little fish being circled in waters full of sharks–banks and other lenders.
Total vehicle loan portfolio shows 2.1% year to date gain, says CUNA Mutual Group.