Lending

The Honolulu-based credit union said its earnings dropped by more than 37% from a year earlier.

The nation's first credit union saw an 88.5% increase in net income for 2018 thanks to a variety of factors, including a one-time payout from the National Credit Union Administration.

Credit union share of the credit card market is at a record high but there are concerns that this debt could begin to sour if the economy turns.

The British startup OakNorth sees U.S. community and regional banks as good prospects for its lending technology.

The Raleigh, N.C.-based institution said it also has more than 500 employees.

During the National Credit Union Collections Alliance conference, experts shared best practices on several topics, including navigating member bankruptcies and positioning auto loans for a downturn.

CUNA Mutual Group's February trends report showed that growth in auto loans, mortgages and membership had slowed.

The Peoria, Ill.-based institution also saw increases in lending and net worth.

By Mastercard’s own reckoning, the point-of-sale financing space is a $1.8 trillion market in the U.S. alone, making its Vyze acquisition a natural way to pursue an opportunity that’s being gobbled up by fintechs and card alternatives.

The Illinois-based credit union, which recently announced an expanded field of membership, saw loans rise by nearly 7% in 2018.

2018 was mixed bag for credit unions in the Wolverine State, with membership and lending still seeing positive numbers but down from previous years.

The Bedford, Ind.-based credit union distributed a $2.7 million dividend to members in recognition of a year that saw loan growth exceed 9%.

On Sep. 30, 2018. Dollars in thousands.

Growth in the KeyStone State was close to or surpassed national averages across a number of fields.

While banks are oftentimes simply too big to react to this consumer change quickly, more agile fintechs have been much faster to prioritize mobile-first POS financing, argues Nufar Segal, general manager of consumer financing at Jifiti.

Some institutions have benefited from revitalization in the Motor City but just as consumers fled for the suburbs decades ago, most CUs in the area are headquartered outside the city itself.

The Scarborough, Maine-based credit union also posted a more than 4 percent uptick in membership.

The Rhode Island-based institution also finished building a 27,000-square-foot operations center and branch.

Senators dove into how to ensure housing finance reform serves lenders of all sizes, just as the Trump administration moved closer to crafting its own GSE plan.

Speakers at the Credit Union Summit during the 2019 Retail Banking conference offered a host of best practices for embracing new technologies while maintaining high levels of member service.