Delinquencies Up In Q2,
But Down Over 1 Year Ago
WASHINGTON-The American Bankers Association reported last week that its Consumer Credit Delinquency Bulletin found that delinquencies were up 17 basis points to 2.88% for all loan types in the second quarter. That number, however, remains below the same figure (3%) one year earlier. Delinquency rates on HELOCs were up 11 basis points, while card delinquencies fell 18 basis points to 3.22%.
Public Service CU Adds
900K Residents To FOM
DENVER-Public Service CU has added more than 900,000 residents in two northern Colorado counties to its field of membership. The $1-billion credit union, which now serves all of Larimer County, will expand to all of Adams and Weld counties.
First Corporate CU CEO
Pritts Resigns Position
PHOENIX-First Corporate CU last week said President/CEO Peter Pritts resigned, effective immediately. Pritts has been succeeded on an interim basis by Greg Harden, the $850-million corporate's EVP/CIO. The corporate has 48 credit union members in Arizona and Nevada.
CUNA, NAFCU Join Effort
To Oppose Fed Proposal
WASHINGTON-CUNA and NAFCU joined a broad coalition of banking groups urging the Federal Reserve to trim a proposal that would require broad disclosures and new liability for providers of international wire transfers, including person-to-person remittances. The group called on the Fed to limit the scope of the proposal to cover only closed-end payments companies, such as Western Union, Vigo and MoneyGram.
