Auto lending

The online vehicle-buying program has added 250 credit union partners since 2015.

It's the 13th year in a row that the CUSO has been able to give money back to its CU shareholders, capping a record-setting year for indirect auto loan growth driven by the firm.

Total loans rose 3% at the Minneapolis bank, but its net interest margin climbed 10 basis points. It also booked a one-time accounting gain of $910 million related to tax reform.

Weak loan growth, a $3.25 billion litigation accrual and other costs tied to the phony-accounts saga all added up to a messy fourth quarter for the San Francisco bank.

The agreement marks the latest example of the banking giant teaming with a fintech to speed up delivery of services to its customers.

The late-payment rate on loans frequently used to consolidate credit card debt hit its highest level in more than four years.

Rather than jump right away into lending to car buyers, Access National will start by offering CRE and M&A financing to dealerships.

Credit unions make strategic hires, promotions to beef up their loan departments and other professionals in the news.

Credit union examiners will be focused on cybersecurity, BSA compliance, fraud prevention and more.

Mary Mack adds mortgage and auto units to her already large portfolio; futures price dips but volume up compared to Cboe’s first day of trading.