NCUA's Partnering and Leadership Successes (PALS) Best Practices Website has been enhanced with a new search feature that helps users find best practices from credit unions in their states. "PALS best practices offer credit unions the opportunity to learn from their colleagues what works in trying to reach out to new members-especially the underserved-and to improve services to existing members," observed Matz, who launched her PALS initiative in February 2003 and unveiled the PALS Best Practices Website this past February. The enhancement allows state-by-state searches of more than 300 innovative programs offered by nearly 200 credit unions in 40 states. To add programs to the PALS Best Practices Website, credit union officials can e-mail five bits of information to BoardMember.Matz
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The Cleveland-based bank is projecting steady growth in net interest income even as credit losses remain manageable. But Chairman and CEO Chris Gorman also said that he thinks a recession is likely.
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The first-quarter increase involved commercial real estate loans, including some problematic multifamily loans and an office credit, but none of the criticized loans were to consumers, officials at the Dallas company say. Further CRE deterioration is anticipated.
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The Detroit-based company is exploring ways to make more consumer auto loans without running afoul of stricter capital standards that are expected from the Federal Reserve. Possible approaches include more securitizations and the use of credit risk transfers.
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The House Financial Services Committee also sent to the full House two bipartisan bills, including one that would prevent large banks from opting out of having to recognize Accumulated Other Comprehensive Income in regulatory capital.
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Charge-offs and nonperforming loans rose at the Georgia bank in the first quarter. But it blamed the problem on one large client and said the matter has been resolved.
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Amid healthy first-quarter loan growth and improving credit quality, Discover Financial Services slashed its profits by $800 million to offset remediation costs from a 16-year period when it overcharged certain merchants.
7h ago