Is Goldman changing its tune?; The rise of credit unions
The bank is likely to tout asset management at its upcoming investor day; credit union assets have exceeded banks' growth in the past decade. ... Read full article
News Topic: Credit unions
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Credit Unions with the Largest Credit Card Portfolios
On Jun. 30, 2019. Dollars in thousands. ... Read full article
Credit Unions with the Largest Portfolios of First Mortgage Loans
On Jun. 30, 2019. Dollars in thousands. ... Read full article
Credit Unions with the Largest Portfolios of Home Equity Loans
On Jun. 30, 2019. Dollars in thousands. ... Read full article
Iowa credit union to enter Illinois through bank acquisition
Collins Community Credit Union has agreed to buy First Savanna Savings Bank. ... Read full article
NCUA follows bank regulators’ lead on home appraisals
A new National Credit Union Administration proposal would raise the threshold for residential mortgages that require appraisals. However, the final rule is by no means a done deal. ... Read full article
Banks top credit unions in customer satisfaction, survey finds
New American Customer Satisfaction Index data shows consumers slightly favored banks, which are benefiting from investments in technology. ... Read full article
Now that script's been flipped, will more banks buy credit unions?
An Indiana bank is looking to complete the first outright purchase of a credit union since the financial crisis. Though hurdles exist, some industry observers say more such deals are doable. ... Read full article
Credit Unions with the Largest Portfolios of Loans and Leases
On Jun. 30, 2019. Dollars in thousands. ... Read full article
Credit Unions with the Most Assets
On Jun. 30, 2019. Dollars in thousands. ... Read full article
Credit Unions with the Most Deposits
On Jun. 30, 2019. Dollars in thousands. ... Read full article
Indiana bank lines up rare credit union acquisition
First Bank of Berne has agreed to acquire Adams County Credit Union, flipping the script in a year in which 14 credit unions have announced deals to buy banks. ... Read full article
Open banking will bring banks and fintechs together
Consumer demand for digital financial services will inspire a wave of new partnerships. ... Read full article
CECL, fintech threat: What's keeping community bankers up at night
Community bank leaders at an ABA-hosted meeting questioned the timing for a new accounting standard for loan losses and discussed their struggles to keep pace with new technology. ... Read full article
Broker’s pitch to small banks, credit unions: We’ll handle robo advice
A new partnership will let some community banks and credit unions roll out robo-advice platforms without a significant investment of their own. ... Read full article
Credit union regulator moves to quiet redlining fears
The National Credit Union Administration has unveiled a proposal to address a federal judge's concerns that its 2016 field-of-membership overhaul could discourage lending in low-income areas. ... Read full article
ICBA plans major offensive in fight against credit unions
The group's Wake Up initiative will include legislative and regulatory proposals, along with added resources to help members push for a level playing field. ... Read full article
Regulators offer CECL guidance to aid industry's adoption
The four prudential agencies, which will enforce the new credit loss methodology developed by the Financial Accounting Standards Board, said they want to promote consistency. ... Read full article
Banks try new tack in clash with credit unions over military bases
Bank groups that lobbied unsuccessfully for the rent waivers credit unions receive now back a bill that would create equal rates for both industries. ... Read full article
Supreme Court ruling could mean more ADA lawsuits tied to bank websites
The court passed up a recent opportunity to clarify confusion about Americans with Disabilities Act requirements for business websites, raising concerns among bankers that they could become an even more inviting litigation target. ... Read full article