Lending

Along with asset and membership milestones, the credit union celebrated its 100th anniversary in 2016.

Loan origination system part of company’s lending technology push.

On Dec. 31, 2016. Dollars in thousands.

Startups believe artificial intelligence will make loan officers obsolete, and that may be true. But it remains to be seen if AI will make lending safer.

On Dec. 31, 2016. Dollars in thousands.

Research shows younger consumers are increasingly interested in personalized products and services, but credit unions may lose out on business if they don’t have aggregation tools that can compete with fintech lenders.

In addition to 11.5 percent loan growth and membership rising at its fastest rate since 1987, membership at Michigan's CUs is growing faster than the state's population.

When one considers the available data on bank lending, there is a lot more to the story. The solid loan growth at commercial banks in recent years has been concentrated in some of the sectors that appear least in need of credit.

The federal agency released data culled from fourth quarter 2016 call reports that showed the "great divide" between large and small credit unions continues to widen.

On Dec. 31, 2016. Dollars in thousands.

Critics of Dodd-Frank argue that post-crisis regulations put a damper on lending. But loan growth at regional and community banks has "actually been very strong," says Joo-Yung Lee, head of North American financial institutions at Fitch Ratings.

Though backward-looking, the exam restricts the company from buying banks or opening branches outside the Northeast.

The Denver bank had spent the last two-plus years addressing concerns about capital and underwriting procedures.

At its February meeting, the NCUA Board approved a routine measure to reauthorize an 18% interest rate cap on loans, but suggested that it’s time for Congress to make some changes.

On Sept. 30, 2016. Dollars in thousands.

On Sept. 30, 2016. Dollars in thousands

One of the root problems of investing disparities is lack of diversity among those who make investment decisions. Here’s how to change the dynamic.

After losing nearly $99 million in 2016 and delinquencies going through the roof, the taxi medallion-lending credit union has entered conservatorship.

Changes in the housing market are creating new opportunities and challenges for credit unions, including how they market themselves to potential borrowers.

Corporate borrowers aren’t ready just yet to pull the trigger on multimillion-dollar loans to buy fleets of trucks or scads of new inventory despite excitement about a more business-friendly Washington, lenders cautioned.