Credit unions that want to really succeed at working with low-income members and communities need to embrace doing it, advocates suggested.
Agency explores field of membership, secondary capital for low-income credit unions.
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The majority this year's community development grants have funded mobile apps for underserved areas.
During the first half of 2013, the NCUA approved 132 credit union mergers, up from 114 mergers approved as of June 30 last year, according to the NCUA’s Insurance Report of Activity.
Topics will include how to save money and resources through cooperation.
Much fanfare has been made over credit unions’ member growth resurgence over the past 18 months. It’s been wonderful to witness, and with the hard work of the entire credit union community, it can continue in perpetuity.
A lot of sunshine and just a few dark clouds set a pretty good scene for the credit union industry.
BALTIMORE — Federation attendees told of grants to pay for bringing some small credit unions out of the paper age and the living room.
Every day, six days a week, a credit union closes and never re-opens. That has been going on for many years. More than 3% of credit unions have annually closed for the past decade. By 2025, the United States will have around 4,500 credit unions.