Lending

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.

The Honolulu-based institution has doubled its loan portfolio over the past five years as its commercial lending has increased.

U.K.-based small business lender Capital on Tap has partnered with small business software provider Receipt Bank to launch a new credit card with access to credit lines.

Lawmakers have just three weeks before their August recess to make a host of decisions on issues related to credit unions.

Credit unions can reduce concentration risk and free up funding for new loans though participations but many institutions are hesitant about the process.

It took the Brooklyn-based credit union 15 years to double its assets from $1 billion.

A California man says the company sent his medical information to a friend of his; the Big Four's monopoly may be coming to an end as Citi and others move in.

Membership continues to rise across the Wolverine State, though at a slower pace, but lending overall is on the decline.

Abercrombie & Fitch and Klarna are following a successful launch of short-term installment loans on apparel in Germany by adding more markets.

Installment lending, whether it’s online or at the physical point of sale, is a market sector that has been experiencing a global boom in consumer demand for the last several years. Is this a short-term trend or are there potentially deeper-rooted factors that could make installment lending, especially online, a major source of future loans?

Executives and directors from across the industry discussed their concerns for the industry and priorities for the next year during this year's NAFCU and CUNA annual conferences.

Credit unions reported gains in areas such as loan balances and membership but it was at a slower pace than a year earlier.