Lending

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.

The Michigan-based CUSO has acquired a stake in NestReady, giving it exclusive industry rights on the mortgage technology firm's products.

On Dec. 31, 2018. Dollars in thousands.

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

A shrinking bank landscape is creating potential opportunities, but analysts are mixed as to whether credit unions will see any growth as a result.

The key to capturing young consumers is flexibility and choice at the point of sale, says Michael Rouse, chief commercial officer at Klarna.

The Tampa-based institution says it is poised for growth, but the new asset class also opens it up to additional scrutiny from the CFPB.

The small-bank trade group wants Congress to investigate whether the agency did enough to respond to warning signs and curb abusive practices by credit unions.