Lending

The most recent Credit Union Trends Report from CUNA Mutual Group is “indicative that both the credit cycle and the U.S. business cycle are moving into their last stage before the next economic slowdown,” according to one economist.

Competition for deposits is tight, the outlook for loan demand is uncertain, and regulatory relief is slow-moving. Yet community bankers are feeling better about the economy than they have in two years, a Promontory Interfinancial Network survey found.

On Mar. 31, 2019. Dollars in thousands.

Credit unions have until midnight tonight to submit nominations for this free recognition program.

There are opportunities to make loans for strip malls and regional distribution centers but executives need to put the right risk management in place.

Year to date Mar. 31, 2019. Dollars in thousands.

With the loan-to-savings ratio at its highest point in four decades, some CUs have limited options to boost their funding.

Younger consumers still like to go to the mall. Keeping them there requires a mix of easy payments, financing and shopping in multiple channels, says Nufar Segal, general manager of consumer financing for at Jifiti.

Loan balances at the end of the second quarter were up by double digits from a year earlier for the Honolulu-based institution.

The Las Vegas-based institution said its income for the first half of the year was down as it put more into its loan-loss provision.

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.

Total loan volumes at institutions in both states increased by more than 1%, far above the national rate.

Credit unions reported gains in a number of key areas but member business lending and new auto loans took a hit as overall growth continued to slow.

Granted, the bank's earnings per share topped estimates in the second quarter, but its forecast on net interest income suggests it will be harder for JPMorgan Chase to offset declining revenue from trading stocks and bonds.

The fintech is moving ahead with a loan service after regulatory concerns stymied its deal for an ailing bank.

The fintech rush into point of sale financing is partly a play on younger consumers’ migration away from traditional credit cards. This, in turn, has prompted a counterplay from Citizens Bank.

The autonomous vehicle lending market isn’t expected to peak for decades, but some CUs are already jumping in, and they could be at the forefront of rapid shifts in the automotive industry.

CUs in both states surpassed total asset milestones, but many business lines are growing at a slower pace than they were one year ago.

CUs in the Keystone State saw loan balances rise by 8.5%, while membership rose more than 3.3% to top 4.2 million.