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At a national level, loan growth has been on the decline for months and could still get worse. Here's how some credit unions are tackling the issue.
October 16 -
Even the homeless are getting on board with contactless payments, through a new U.K. wide initiative between Swedish payments company iZettle and the Big Issue Foundation, which enables homeless people to become street vendors by selling its its Big Issue magazines.
October 16 -
The acquisition of Farmers & Merchants Bank created a bank with more than $200 million in assets.
October 15 -
The Massachusetts-based institution, which will forgive more than $750,000 in fees, is the latest to come to an agreement regarding overdraft claims.
October 15 -
A law signed last week by Democratic Gov. Gavin Newsom caps interest rates on installment loans. But three large lenders are looking to avoid its restrictions by partnering with banks.
October 15 -
The tiny Monarch Federal Credit Union joined Firefighters & Company FCU in order to offer its 1,000 members a wider range of products.
October 15 -
South Africa’s payments industry wants to displace cash by enhancing its B2B-focused digital payment system to add instant low-value mobile P2P transactions.
October 15 -
One Wisconsin credit union's foray into a community of just 2,500 people has been a success, and it could be a template for other institutions to follow.
October 15 -
The deal was announced in August and would have created a $1.3 billion-asset institution.
October 11 -
As apps like Uber and Lyft gain more traction, the need for new cars — and loans — is expected to diminish.
October 11 -
Rapid-fire acquisitions, partnerships and investments in the likes of Uber, Lyft and Grab are transforming these ride-sharing providers. And much of this activity is built on their ability to handle payments seamlessly as part of the experience.
October 11 -
Despite a strong economy, volume in the agency's flagship loan program has declined for two straight years. Here's why.
October 10 -
The Long Beach, Calif.-based institution can now serve workers from the healthcare industry in six counties.
October 10 -
OUR Community Bank would focus on small-business loans with an emphasis on underserved Hispanic and Latino communities in South Florida.
October 10 -
SmartChoice Credit Union, which holds less than $1 million in assets, has been penalized for failing to properly complete FinCEN searches.
October 10 -
MetroCity Bankshares has said it could use the proceeds to open branches or pursue acquisitions.
October 10 -
Cash is not dead, but the burdens of ensuring access threaten to break long-standing ecosystems that sustain traditional payments.
October 10 -
The Providence, R.I., bank recently installed a new regional head in California to oversee a commercial banking expansion into five western states. The bank says it’s trying to craft a successful growth strategy while reassuring investors it isn’t overreaching.
October 9 -
Maine Harvest Federal Credit Union, which will serve farmers and the food industry, opened this week and aims to make $12 million in loans over the next six years.
October 9 -
A strong economy, low-cost deposits and disruption from M&A are presenting opportunities.
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