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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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Neiman Marcus Emerges From Chapter 11

PYMNTS

Bankruptcy Court for the Southern District of Texas, Houston Division. The financing is in addition to the liquidity provided by the $900 million asset-based lending led by Bank of America and a group of commercial banks. They see an opportunity to grow and support the retailer in issues of sustainability, van Raemdonck said.

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Why Migrant Workers Need Financial Service Offerings All Their Own

PYMNTS

As Magnus Larsson, CEO of Majority , told PYMNTS in an interview shortly after the firm’s launch, no matter where they are from, where they work or how much they make, migrant workers all face a common problem in the United States: Financial services are not always easy to secure. headquarters.

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Why Migrant Workers Need Their Own Financial Services

PYMNTS

As Magnus Larsson, CEO of Majority , told PYMNTS in an interview shortly after the firm’s launch, no matter where they are from, where they work or how much they make, migrant workers all face a common problem in the United States: Financial services are not always easy to secure. headquarters.

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Top 63 Online Digital Banks for U.S. Consumers (Nov 2023)

Fintech Labs Insights

The first, online bank Security First Network Bank (SFNB) launched in 1995, just a year after Amazon.com. Consumers have been banking online for 28 years. And from the very beginning, there have been pure-play digital banking startups. Elon Musk’s second startup, X.com (now PayPal), launched in 1999. 2 $520 12 Acorns 613 2012 LA 2,170,000 2.3

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Fintech Fundings: 12 Companies Raise $205 million Week Ending June 18

Fintech Labs Insights

Finovate alum, Azimo landed the biggest round outside the lending sector, $20 million at a $100 million valuation. P2P mortgage lending. HQ: Houston, Texas. Tags: Risk management, security, regulation, compliance. All told, 12 fintech companies raised $205 million ($105 million equity, $100 million debt) this week.

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Who were ICBA’s Top Lenders of 2022?

Independent Banker

Here, we highlight some of last year’s most successful loan producers in the areas of agriculture, commercial and consumer/mortgage lending. The score combines the average of the bank’s percentile rank for lending concentration and for loan growth over the past year in each lending category. By Ed Avis. Methodology. AGRICULTURE.