Notre Dame Federal Credit Union in Notre Dame, Ind., said late last week that it raised $12 million from a new fund created to provide secondary capital to credit unions, angering bankers who see it as a disturbing trend. ... Read full article
U.S. Reps. Gwen Moore and Paul Cook introduced a bill this week would allow more credit unions to expand their fields of membership to underserved communities. ... Read full article
The long-running slide in mortgage payments 60 or more days past due will continue next year, and perhaps even longer as borrowers benefit from favorable economic conditions. ... Read full article
Acting director Mulvaney has major concerns about cybersecurity at the agency; the commission says a Canadian company's initial coin offering is a 'scam.' ... Read full article
Colonial Savings founder James S. DuBose died after a yearlong battle with cancer. He was 93. ... Read full article
On Jun. 30, 2017. Dollars in thousands. ... Read full article
On Jun. 30, 2017. Dollars in thousands. ... Read full article
On Jun. 30, 2017. Dollars in thousands. ... Read full article
Jefferson Financial in Louisiana struck a deal to bring in $12 million in secondary capital, which is believed to be the biggest haul to date for a credit union. It could also embolden other credit unions to pursue similar fundraising efforts. ... Read full article
On Jun. 30, 2017. Dollars in thousands. ... Read full article
On Jun. 30, 2017. Dollars in thousands. ... Read full article
On Jun. 30, 2017. Dollars in thousands. ... Read full article
As use of smartphone apps begins to surpass online channels at some institutions, banks are facing pressure to offer clients more robust services. ... Read full article
Top banking executives called the Republican tax plan an important first step toward tax reform and economic stimulus, but questions immediately arose about whether trade-offs and complexities in the bill would undercut it. ... Read full article
While used infrequently by credit unions, arbitration clauses can be an effective way to ensure both the credit union member and the credit union’s interest are protected when disputes arise. ... Read full article
Why are credit unions lending their name to this fight when the vast majority of them do not use forced arbitration and have not been caught up in Wall Street’s excesses? ... Read full article
For all the anticipation that preceded the Consumer Financial Protection Bureau's final small-dollar lending rule, a picture of how the rule will affect banks and credit unions is still quite hazy. ... Read full article
Facing persistently low loan yields, increased competition and higher regulatory costs, many community banks are at risk of becoming irrelevant unless they rethink their business models. ... Read full article
The loan product, which allows consumers retroactively to adjust a payment amount, illustrates how community-based institutions are trying to reach technologically savvy consumers. ... Read full article
The NCUA is proposing a special payout of up to $800 million to credit unions next year, which may boost lending. Banks were uncharacteristically silent on the plan. ... Read full article
