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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.

Lending 150
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Neiman Marcus Emerges From Chapter 11

PYMNTS

He said the company’s new owners include PIMCO, a California-based global investment management firm, Davidson Kempner Capital Management LP, a global institutional alternative investment management firm headquartered in New York City and Sixth Street Partners, the San Francisco global investment firm.

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Kicking The ‘Virtual’ Tires To Spur Car Sales As COVID-19 Hits Automakers

PYMNTS

COVID-19 is spurring firms that rely on consumer spending, and on lending to finance big-ticket purchases, to invent new ways to keep business flowing – with a nod to the fact that the uncertain economic impact of the virus may hurt consumers’ near-term ability to pay for those items. Necessity, as they say, is the mother of invention.

Houston 141
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5 New Year’s Resolutions For Any Sized Bank That You Must Get Right in 2023

South State Correspondent

Popular projects for 2023 include online loan and deposit onboarding utilizing third-party data to speed the process, compliance-as-a-service, payments, card controls, service case management, leveraging data for customer insights, and providing open banking APIs to customers. Remember all those five-year fixed-rate loans you booked at 4%?

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Popular Bank Branch Receives BDD Program Designation By NYS Department of Financial Services

PopularBank

As part of these initiatives, the Bank will provide financial education and facilitate strategic partnerships that will help families better manage their financial resources, increase local small business and stimulate local economic growth. Our Community Commitment.

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15 Minutes With … Jimmy Rasmussen

Independent Banker

Finally, I focus on economic news in our markets, which include five communities south of Houston. The Houston region has seen substantial layoffs, and the daily headlines predict more will be announced. Our lending strongly supports our tourist economy. IB: How is Texas’s economy holding up with the severe drop in oil prices?

Dallas 131
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Why Migrant Workers Need Financial Service Offerings All Their Own

PYMNTS

come from all over the world, though Latin America and Asia are the leading contributing portals, and they work in every vertical – though migrant workers more often work in service sector jobs than management positions. The first of those community centers will be in Houston, home to both Majority and Rebtel’s U.S. headquarters.

Community 126