CUs are not neglecting their core membership
Credit unions remain committed to their central missions as they grow, says PenFed’s chairman. ... Read full article
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Banklike credit unions should follow bank rules
As large credit unions look to expand under NCUA’s new field of membership rule, they should be required to comply with additional bank rules. ... Read full article
Mortgage fintech expands industry reach with three hires
Promontory MortgagePath fills management roles for bank relations, technology and outsourced services opportunities. ... Read full article
Pro-market groups come out swinging in support of credit unions
A coalition of free-market-oriented groups is calling on Senate Finance Committee Chairman Orrin Hatch to rethink his push for a new tax on credit unions. ... Read full article
Small businesses becoming more satisfied with fintech lenders: Survey
For many borrowers, near-guaranteed approvals and faster turnaround times are more important than the lower rates offered by banks and credit unions. ... Read full article
BofA’s AI play, Zelle departure, more guidance (please): Top stories of the week
Bank of America on where its AI hopes (and worries) lay; Zelle founder Paul Finch announces his leave from the payments network; the one area where banks and fintechs want more regulation; and more from this week's most-read stories. ... Read full article
QM revamp could mean separate rule books for banks, internet lenders
Mick Mulvaney’s recent comments about the CFPB Qualified Mortgage rule have triggered a debate over whether regulators should take into account more than one underwriting model. ... Read full article
Credit unions are bulking up via M&A — and banks are nervous
Bigger credit unions present a formidable challenge for banks in areas such as business lending. ... Read full article
White House looks to extend Mulvaney's CFPB tenure
The administration is prolonging a decision on a permanent director for the agency to keep the interim chief in place until year-end or longer. ... Read full article
Credit Unions with the Largest Portfolios of Home Equity Loans
On Dec. 31, 2017. Dollars in thousands. ... Read full article
Credit Unions with the Largest Portfolios of First Mortgage Loans
On Dec. 31, 2017. Dollars in thousands. ... Read full article
Credit Unions with the Largest Credit Card Portfolios
On Dec. 31, 2017. Dollars in thousands. ... Read full article
Credit Unions with the Most Assets
On Dec. 31, 2017. Dollars in thousands. ... Read full article
Credit Unions with the Most Deposits
On Dec. 31, 2017. Dollars in thousands. ... Read full article
Credit Unions with the Largest Portfolios of Loans and Leases
On Dec. 31, 2017. Dollars in thousands. ... Read full article
Mulvaney's BCFP, Zelle's bumpy ride, BB&T's glitch: Top stories of the week
In addition to changing the name of the Consumer Financial Protection Bureau, the acting director wants to also nix public complaints; the good, bad and ugly in Zelle's ascendance; a case study for digital outage recovery; and more from this ... Read full article
Imagining a world in which credit unions pay income taxes
Putting aside the spin of both credit unions and banks, we offer some informed predictions about how the financial industry would be reconfigured if the century-old tax break were to disappear. ... Read full article
Credit unions vs. banks: How we got here
Banks and credit unions have been fighting each other so long that many have forgotten how the feud started and why it may matter to the future of both industries. ... Read full article
How other nations treat credit unions' tax status
Long considered a political third rail in the U.S., the movement's tax exemption is taking some heat. Here's a sampling of how other countries have handled this debate. ... Read full article
Do credit unions still warrant a tax exemption?
A bombshell letter from a prominent senator and a court ruling criticizing credit unions’ interpretation of “field of membership” have bankers hopeful that Congress may finally be willing to examine the public-policy purpose of the Depression-era tax ... Read full article