WASHINGTON - (09/29/04) -- NCUA Board member Deborah Matz saidTuesday she is concerned that a slowdown in membership growth maypose a safety and soundness concern for credit unions over thecoming years. Matz told attendees to NAFCU's Congressional Caucusthat even with the broad expansion of field of membership amongcredit unions, growth in actual membership has slowed to 2% thisyear, its lowest in several years. "That means the majority of yourgrowth is coming from existing members," said Matz. Credit unions,she said, need to look to new populations for their growth, likeLatinos, Asians and other growing immigrant groups. Matz alsorepeated her concern about the loss of small credit unions, withone small credit union disappearing through merger or liquidationevery business day of the year, she said.
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The Wisconsin banking company forecasted loan growth of 4% to 6% for the full year, driven by an expansion into new commercial and consumer credit lines as well as enduring economic strength in the Midwest.
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In the inaugural iteration of American Banker's news quiz, test your knowledge on top articles covering the legal battles of the Consumer Financial Protection Bureau, new technology testing at JPMorgan Chase, earnings season and more.
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To build their executive presence in meetings and on video calls, junior employees should embrace flexible schedules — and possibly media training, Michelle Young of Worldpay and Anna Greenwald of MoneyGram International said at American Banker's Payments Forum.
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Liberty Bank in Salt Lake City had been "structurally unprofitable" since 2008, according to its regulators. Experts criticized the FDIC for allowing the bank's demise to play out in slow motion.
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The New York-based bank says it will push its concentration of commercial real estate loans below 400% of risk-based capital over the next two years and focus more on C&I.
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The San Francisco-based firm's Anchorage Digital Trusted Liquidity and Settlement network, better known as Atlas, will allow clients to settle a range of cryptocurrency transactions.
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