Lending

With an average of 2,600 new members joining each month, the Huntsville, Ala.-based credit union recently earned a Credit Union of the Year honor from NAFCU.

The acquirer OLB Group is positioning itself as a data steward for a future in which merchants will have predictive data to inform decisions on financing.

The Minnesota company's profits rose by double digits despite some challenges in the second quarter, and its CEO says it will be expanding its digital offerings to simplify banking for customers.

Credit unions in the Silver and Golden states saw strong increases in growth and deposits during the first quarter of 2018.

The Greenbelt, Md.-based credit union reached the $1 billion mark after recording nearly $4 million in net income for 2017.

Credit unions have seen massive gains in auto lending in recent years, but one analyst fears CUs may be too focused on that and losing share of wallet elsewhere as a result.

The Albany, N.Y. based credit union announced the program just in time for the Fourth of July.

Northwest Bancshares in Pennsylvania, which built a reputation as an active acquirer, is taking a step back under Ronald Seiffert to evaluate ways to grow without M&A.

Savings increased by 4.1 percent during the first quarter of 2018, while loans grew by 1.8 percent, with auto loans rising by more than 3.5 percent.

An icon of the movement plans to step down later this year, following four decades in the industry and countless University of Lending seminars.

From change to heroism, leadership, the future and more, here's one last look at this year's NAFCU conference in Seattle.

Banks are more established organizations that cannot afford to take the same shortcuts and risks as startups do in fintech development, executives said.

An affiliate of MatlinPatterson will reduce its ownership to 48% from more than 60% after selling 8 million shares.

Studio Bank is set to become Nashville's first new bank since 2008. Organizers raised $46 million earlier this year.

While CEO Joseph Ficalora believes acquiring other banks would solve his company's funding issues, outsiders say its culture needs to change.

Millennials may be the largest demographic in America today, but one marketing expert says credit unions who ignore older potential borrowers do so at their own peril.

Loan participations at credit unions could hit $19 billion by 2020, but nearly half of CUs aren't involved. But steps are being taken to change that and make the process easier.

Hoot Credit Union in Bolton, England is celebrating having made its 10,000^th loan to members recently.

Sageworks, a financial services software firm that provides institutions with lending and risk solutions, was sold to Silicon Valley-based Accel-KKR.

The credit union's inaugural Lending Analytics Competition challenged University of Central Florida grad students to develop predictive models that could better interpret data.