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3 Ways Credit Union Are Driving Growth

Abrigo

Expanding With their ability to offer 100 percent cash deals, credit unions have an advantage in acquiring other credit unions and even small banks, a strategy that is bolstering membership rolls. Bank acquisitions by credit unions did not exist until 2011, when St.

Michigan 150
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Advocacy at the Grassroots: A Lively Legislature

Independent Banker

The Independent Bankers Association of New York State has been actively advocating for several initiatives to enhance community banking and the communities and customers our members serve. These increased burdens and costs have had an impact on the number of community banks.

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Perception Versus Reality: Do People Get More From Credit Unions Than Banks?

Jeff For Banks

In 2011, banks paid higher interest on their interest bearing deposits than credit unions throughout the measurement period. When I re-ran the analysis, what was true back in 2011 still holds true (see chart). I searched on banks and credit unions between $500 million and $5 billion in total assets. And the taxes.

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Guest Post: Financial Markets and Economic Update by Dorothy Jaworski

Jeff For Banks

in 2018, but about equal to the average growth since 2011. The impact of the tax cuts has faded. Our current economic recovery is fast approaching a longevity record; growth through July, 2019 would set the new record at 121 months, surpassing the 1991 to 2011 recovery. I estimated that real GDP growth would be between 2.0%

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Banking's Top 5 in Total Return to Shareholders: 2018 Edition

Jeff For Banks

This is clearly a turnaround situation, as the bank lost over $12 million in 2010, over 20% of its capital (ouch). But once they turned things around they took their deferred tax asset back onto their books and did three acquisition. is the parent company of Willamette Valley Bank, a community bank headquartered in Salem, Oregon.

Oregon 101
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Guest Post: FInancial Markets and Economic Update by Dorothy Jaworski

Jeff For Banks

This is because the economy has been gaining momentum, however modest, from the tax cuts and deregulation. As well as the economy has been doing from the momentum of tax cuts and reduced regulation, there are always looming issues. Dorothy has been with Penn Community Bank and its predecessor since November, 2004.

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Guest Post: Financial Markets and Economic Update by Dorothy Jaworski

Jeff For Banks

The Outlook All indications are that GDP growth is slowing, reverting back to its “new normal” range than has been in place since 2011 of 2.0% A tightening campaign that started in December, 2015 and has totaled 2.25% has basically offset the boost from tax cuts and the tightening also succeeded in flattening the yield curve.