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Credit union membership, lending up in Q2

Abrigo

Last week the NCUA reported that the total number of credit union members had surpassed the 101 million mark, and overall lending was up as of the close of Q2. Total lending at federally-insured credit unions reached $745.2 Auto lending has been an area of growth for credit unions over the last several quarters. billion, up 3.9

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Why Alaska, Idaho credit unions are growing when others aren't

American Banker

Data from the National Credit Union Administration shows the two states are bucking the trend of slowdowns in membership and lending. ]].

Idaho 69
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Credit unions continue to see growth in auto lending

Abrigo

Overall auto lending at credit unions is up more than 30 percent in recent years, a positive sign that CUs remain competitive in an evolving banking landscape. Utilizing the Sageworks Bank Information platform, Sageworks recently examined how steadily auto lending at credit unions – specifically for new vehicles – grew in 2014.

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What Grubhub, Uber Can Teach CUs About Loyalty And Rewards

PYMNTS

Mazie Hirono of Hawaii and Dan Sullivan of Alaska entered the bill into consideration earlier this month, and several CU organizations — including the Hawaii and Alaska Credit Union Leagues as well as the Credit Union National Association (CUNA) — have so far praised it. percent of assets.

Alaska 154
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Departure Delayed For Airline Recovery

PYMNTS

air carriers finalized their stimulus lending plans in July, with The New York Times reporting on July 21 that “Delta Air Lines, United Airlines and Southwest Airlines signed letters of intent under … the CARES Act, Treasury said,” and that “American Airlines had agreed to a five-year $4.75 The four largest U.S. billion loan.”.

Chicago 151
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From Farce to Menace

Independent Banker

Even more obviously absurd, one provision would allow community credit unions in seven states—Montana, Alaska, Delaware, North Dakota, South Dakota, Vermont and Wyoming—to serve their entire state. Basically, all air-breathing mammals in the United States would qualify to be credit union members.

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Excited To Help People

Independent Banker

His collection of shot glasses, each bearing a particular state’s name or emblem as tangible evidence of his visits to those states, is complete after a recent trip through the Dakotas, Montana, Wyoming and then, lastly, Alaska. Today, the company is more than 32 percent employee-owned.

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