Financial reporting

As the Federal Reserve prepares for its October meeting, many institutions are waiting to see how the board's actions might impact the ongoing war for deposits.

A regulatory proposal to ease the initial margin buffer on certain derivatives trading could be harmful to the economy.

CUs in the Great Lakes State continue to see positive growth, but several key metrics are increasing at a slower pace.

At the median, credit unions saw growth slacken in several key areas during the year ending at June 30.

Loans and net income continued to rise while delinquency rates improved. Other major trends continue, including ongoing consolidation amid sustained membership growth.

Institutions in the Badger State reported that lending was up by almost 6% and delinquencies remained at historic lows.

Lending at credit unions in the Peach State increased by just 0.2%, down from 0.8% growth recorded a quarter earlier.

The Michigan-based institution also recorded increases in earnings, deposits and membership.

The half-dozen institutions all hold less than $50 million in assets – some less than a half-million – and will collectively pay a total of about $5,000 to the U.S. Treasury.

The CFPB is giving trade groups and consumer advocates another three months to comment on its proposal to change what data is collected under the Home Mortgage Disclosure Act.

Median annual membership growth stood at just 2% at the end of the first quarter, though delinquencies dropped and ROA got a boost.

The McLean, Va.-based institution said that its capital hit a record $2.5 billion last year.

The credit unions, all of them small institutions, will pay a total of $4,069 in penalties for tardy submission of Q3 2018 all reports.

The Bedford, Ind.-based credit union distributed a $2.7 million dividend to members in recognition of a year that saw loan growth exceed 9%.

The Houston-based institution said investments in financial technology have led to operational efficiencies that enabled it to return more than $263,000 to members.

Growth in the KeyStone State was close to or surpassed national averages across a number of fields.

The latest Credit Union Trends Report from CUNA Mutual shows CUs serving more consumers even as the industry continues to contract.

Recent data from the National Credit Union Administration breaks down which states surged and which states struggled in 2018.

Software startups say bringing borrowers, builders and lenders onto one digital platform can remove some of the risks lenders faced during the crisis.

The San Diego-based credit union’s membership grew at double the national average.