Lending

Data from the Credit Union National Association indicates the rule has decreased lending and increased costs as institutions work to stay compliant.

If credit union lenders and underwriters aren't working collaboratively, they could be hindering growth opportunities.

Fears that the New York banking giant’s consumer lending product could cut into a key credit union market appear to have been overblown.

Roughly 55% of Michiganders belong to a credit union but growth rates in the state continue to slow.

The Plano, Texas-based corporate credit union closed out the decade with a new milestone.

The big acquisitions of 2019 have created an environment for more deals to come, says FICO's Tim VanTassel.

With loan volumes slowing across the industry, some say a focus on loans for renewable energy could be one way for credit unions to pick up some of the slack.

Big picture the industry is doing well, but at the median, lending and membership are flagging even as deposits and assets rise.

From rising incomes and expenses at credit unions to an ever-widening gap between large and small shops, here's a look at how the regulator's third-quarter numbers break down.

The number of downloads for alternative lending apps that allow users to pay for purchases over time skyrocketed by 285% during the Thanksgiving through Cyber Monday period for 2019, compared to the same period in 2018.

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.