On Monday, the Call Report data from the NCUA showed that credit unions had a very good third quarter. A closer look at credit unions in Alabama and Florida point to that trend continuing its upward trajectory. The third quarter was the best...
The first look at how credit unions performed in the third quarter came out on Friday. The NCUA Call Report data shows a major increase in loans, member business loans (MBLs), and membership year over year. Each also saw a healthy increase from the...
Late Thursday evening, the House and Senate passed the highway funding bill that included regulatory relief for credit unions. The bill now goes to Pres. Obama for his signature; which could come today. The bill, H.R. 22, easily passed both chambers...
The January issue of Consumer Reports magazine looks at the banking and credit union industry. The article is broken into different sections with credit unions having their own section. The magazine looks at the pros and cons of each industry. The...
Two years after one of the largest data breaches in retail history was discovered, Target settled a class action lawsuit with financial institutions for $39.4 million. The proposed settlement will apply to all U.S. financial institutions that issued...
While reports of Black Friday-Cyber Monday 2015 shopping ranged from “bleak” (forbes.com) to “record breaking” (adobe.com), CO-OP Financial Services’ transaction processing data show that the 2015 holiday season opened about on par with 2014. “Our...
The Small Business Administration (SBA) is looking to support $36 billion in small business lending this year. And while SBA loans by credit unions have grown from $801 million to $1.2 billion in the past four years, there is a vast untapped...
Achieva Credit Union, based in Dunedin, FL, has gained the final federal and state approvals to complete its acquisition of Calusa Bank, a state-chartered bank in Sarasota and Charlotte counties that holds $165 million in assets. This is the first...
A Congressional committee, made up of House and Senate members, drafted a new Highway and Transit bill that included a number of provisions to help credit unions. The League and CUNA worked hard to put the credit union issues in front of key...
Vystar Credit Union sponsors “reality fairs” at high schools through Northeast Florida to help students understand how financial decisions affect their lifestyle. Adrian Jones is Vystar’s high school coordinator for Clay, Duval and Nassau...