Number of Problem CUs Fell During Q3 2018 "Credit News 24"

The number of problem credit unions fell during the third quarter of 2018, according to the National Credit Union Administration. At the end...

Report: CU Business Loans Have Grown Rapidly in Post-Recession Period "Credit News 24"

The Federal Reserve reported that small loans to businesses have grown rapidly in the the post-recession period, according to a Report to th...

Cost of Funds for CUs About to Rise "Credit News 24"

Depository institutions need to plan for higher cost of funds, as higher interest rates cause depositors to shift to higher yielding deposit...

180 CUs Borrowed from Fed's Discount Window in Q3 2015 "Credit News 24"

During the third quarter of 2015, 180 credit unions borrowed from the Federal Reserve's Discount Window. In comparison, 166 credit union...

Consumer Credit at CUs Grew at a Slower Pace in August "Credit News 24"

The Federal Reserve reported that outstanding consumer credit at credit unions edged higher in August. Consumer credit increased from $411.7...

Half of CUs Report Declining Year-over-Year Membership "Credit News 24"

The National Credit Union Administration reported that 50.3 percent of federally insured credit unions had fewer members at the end of the s...

CU Business Lending Posted Robust Growth in the Second Quarter "Credit News 24"

The National Credit Union Administration (NCUA) is reporting strong business lending growth at federally insured credit unions during the se...

Consumer Credit Surges at CUs in July "Credit News 24"

The Federal Reserve reported a strong increase in outstanding consumer credit union at credit unions in July. Outstanding consumer credit gr...

Federally-Insured CUs Post Y-o-Y Double Digit Loan Growth "Credit News 24"

The National Credit Union Administration reported an increase in asset, loans, and shares at federally-insured credit unions during the seco...

Less Than 20 Percent of CUs That Became Significantly Undercapitalized Are Still Active "Credit News 24"

Less than 20 percent of credit unions that become significantly undercapitalized are still active or independent, according to the National ...

Consultant: Service Charges Are Vital for CUs "Credit News 24"

Research by Michael Moebs, Economist & CEO of Moebs $ervices, found that credit unions are more reliant on service charges than other de...

Overwhelming Majority of CUs that Received Section 208 Assistance No Longer Active "Credit News 24"

The National Credit Union Administration (NCUA) reported that an overwhelming number of credit unions that received Section 208 assistance e...

Consumer Credit at CUs Grew in June "Credit News 24"

The Federal Reserve reported today outstanding consumer credit at credit unions expanded in June. Total outstanding consumer credit at credi...

166 CUs Borrowed from Fed's Discount Window During Q2 2015 "Credit News 24"

One hundred sixty-six credit unions borrowed from the Federal Reserve's discount window during the second quarter of 2015. In compariso...

Consumer Credit at Credit Unions Grew at Slower Pace in May "Credit News 24"

The Federal Reserve is reporting on July 10th that outstanding consumer credit at credit unions grew in May, but at a slower pace than in Ap...

Fifty-one Percent of CUs See Year-over-Year Decline in Membership "Credit News 24"

More than half of the nation's federally insured credit unions reported fewer members at the end of the first quarter of 2018 compared t...

Almost 1300 Federally Insured CUs Reported a Loss in Q1 2018 "Credit News 24"

According to Call Report data, 1,294 credit unions reported a loss for the first quarter of 2018. In other words, 22.6 percent of federally ...

Almost 20 Percent of CU Industry Loans Were Indirect Loans "Credit News 24"

The National Credit Union Administration (NCUA) this week reported that at the end of the first quarter 2018 19.5 percent of all federally i...

Consumer Credit Growth at CUs Accelerated in April "Credit News 24"

The Federal Reserve's G.19 report stated that the growth of outstanding consumer credit at credit unions accelerated for the month of Ap...

Assets, Loans, Deposits, Membership Up in Q1 2018 "Credit News 24"

The National Credit Union Administration (NCUA) reported that assets, loans and shares (deposits) at federally insured credit unions expande...