Credit Union News

According to the latest reports, Credit Union membership and total assets have hit an all-time high. Earnings have improved, loans have increased, and deposits have grown even faster than lending, while delinquencies and charge-offs have remained constant, and member bankruptcy filings have decreased.

Merit Credit Engine software helps credit unions and other lenders meet the October 3, 2016 compliance deadline for MLA regulatory changes affecting loans to active duty service members and their dependents. The NCUA has issued three regulatory alerts on the Military Lending Act.


Missouri

Credit union chief blasts CFPB Overaggressive Consumer Financial Protection Bureau enforcement interferes with established National Credit Union Administration rules and procedures, says Rick Nichols, CEO of River Region Credit Union. Nichols told a House Financial Services subcommittee that the CFPB uses its power to advance "ideological goals, despite no evidence of harm to consumers." The latest stories on corporate and business legal issues. SmartBrief


New Jersey

South Jersey Federal Credit Union promotes 2 employees Since May 2016, Gadsden served as SJFCUs Director of Accounting and has worked with the credit union for 11 years. NJ.com


New Mexico

Nusenda, U.S. Eagle and other Albuquerque companies have rebranded themselves - Albuquerque Business First Until just a few years ago, those local credit unions went by the names U.S. The Business Journals


New York

Uber, Lyft take down not just cab drivers, but also lenders "This is a commodity that has been fundamentally disrupted," said Leggett, who has written about medallion loans in his online newsletter Credit Union Watch. MSN News


Uber, Lyft take down not just cab drivers, but also lenders This is just like the subprime loan crisis," said Keith Leggett, a credit union analyst and former senior economist at the American Bankers Association. MSN News


Uber, Lyft take down not just cab drivers but lenders Three New York-based credit unions that specialized in loaning money against taxi cab medallions, the hard-to-get licenses that allow the citys traditional cab fleet to operate, have been placed into conservatorship as the value of those medallions has plummeted. The Salt Lake Tribune


Texas

Business of the Day: July 11, 2017 Full service for the public including breakfast and lunch on weekends has resume… A Memorial Medical Center budget projecting a profit of $938,755 for 2018 was ap… Todays Business of the Day is Cal-Com Federal Credit Union. The Port Lavaca Wave


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