Lending

Given their price, higher interest rates and appeal to a specific consumer segment, recreational vehicle loans could be a significant growth segment for some credit unions.

In September, loan balances grew at a slower pace than a year earlier, according to the latest trends report from CUNA Mutual.

Delinquencies also remained at "historical low levels" through Sept. 30, according to the state's financial regulator.

On Jun. 30, 2019. Dollars in thousands.

Member business lending growth has fluctuated in recent years but growth overall is slowing even as balances continue to rise. The long run of success could prove to be a problem when the economy finally turns south.

A similar bill was introduced into the House earlier this year and both pieces of legislation have have bipartisan support.

It should offer some form of guidance to spur innovation, a former official with the bureau says.

Year to date Jun. 30, 2019. Dollars in thousands.

The credit union retains a strong net worth position and saw a nearly 5% increase in members during the first three quarters of this year.

Politicians' grand plans to reform the college funding process won't come to fruition anytime soon, so credit unions shouldn't ignore the opportunties presented by student lending.