MA CUs Show Solid Performance in Q4, but Flat Membership Growth
Credit unions in Massachusetts continued to perform well in the fourth quarter of 2017, but showed zero growth and potentially even losses in membership.
Credit Unions Grow Loans at Faster Pace than Community Banks in 2017
Credit unions grew loans at a faster clip than community banks in 2017, according to data from the Credit Union National Association Mutual Group and the FDIC.
Iowa State Legislature to Vote on Franchise Tax for Credit Unions
Banks and credit unions have long battled over the fact that credit unions are exempt from the federal income tax. But in Iowa, that argument is coming full circle.
CUs Look to be in for Another Year of Double-Digit Loan Growth
Credit unions can expect to see another year of double digit loan growth, which would be the fourth consecutive year credit unions have seen loan growth over 10 percent.
Credit Unions to Get Back $736M with Close of Temporary Stabilization Fund
The National Credit Union Administration on Thursday approved the distribution of of $736 million to eligible, federally insured credit unions in the third quarter of 2018, funds that are available because of the NCUA’s decision in October to close the Temporary Corporate Credit Union Stabilization Fund.
Despite Slowing of Auto Sales, CU Loan Volumes Expected to Rise in 2018
Auto loans continue to be the “bread and butter” for credit unions, with vehicle loan balances increasing $38.3 billion over the last 12 months, according to January’s Credit Union Trends Report by CUNA Mutual Group.
Filling Gaps of Traditional Financing
While serving as principal and managing partner at Triad Alpha Partners, where he specialized in commercial development and investment, Jeff Carter saw an opening in the small balance commercial sector.
Credit Unions Show Strong Asset Growth And Earnings In Q3
Credit unions in the U.S. continued to grow in the third quarter and produce strong earnings.
Most Massachusetts Credit Unions Saw Positive Net Income in Q2
At least 75 percent of federally-insured credit unions in Massachusetts reported positive net income through the second quarter, according to the National Credit Union Association.
Credit Unions See Asset And Member Growth In Second Quarter
Federally insured credit unions saw increases in members, total assets and shares and deposits in the second quarter of 2017.
Ten Massachusetts CUs Receive NCUA Grants
Ten credit unions in Massachusetts were among the 251 low-income credit unions across the country the NCUA awarded $1.8 million in grants for the purpose of expanding digital services to under-served communities, provide leadership training and improve cybersecurity.
State Division Of Banks Announces CU Changes
In the month of July, the Massachusetts Division of Banks allowed, or received applications, regarding credit unions looking to merge, expand membership and to relocate, close or establish branches.
CU Advocates Say NCUA Restructuring Needed For Changing Industry
Two regional offices, including the one in Albany, charged with regulating credit unions in Massachusetts, Rhode Island, Connecticut, Maine, New Hampshire and New York would close under the National Credit Union Association’s recent announcement to restructure its operations.
Credit Unions Offer Flexibility To Gateway City Buyers
In Massachusetts’ Gateway Cities, where borrowers’ loan applications may have more blemishes than those seen in the affluent suburbs, credit unions are often in a better position than larger lenders to help those would-be homeowners realize their goals.
RTN, Hudson Municipal FCU Announce Merger
The Hudson Municipal Employees Federal Credit Union (HMEFCU) will merge into RTN Federal Credit Union in Waltham, effective March 1.
Greylock To Acquire $25M Landmark CU In Merger
Greylock Federal Credit Union in Pittsfield will acquire Landmark Credit Union in North Adams in a deal anticipated to close in April.
Millennials: What Are We Ruining This Week?
In this week’s edition of “Millennials: What Are We...Sageworks: One-Third Of Bankers Have Yet To Move On CECL
One-third of bankers and credit unions executives have not yet begun preparations for the Financial Accounting Standards Board’s (FASB) coming Current Expected Credit Losses (CECL) standard, according to a new poll by the financial information firm Sageworks.
MBA: Study Finds Credit Unions Not Earning Public Subsidies
The Massachusetts Bankers Association is hoping to...SNL: CU Branches On The Increase Nationwide
The total number of credit union branches nationwide...
