Fed dodges key decision on faster payments
The central bank said Wednesday that it will assess a range of options regarding its operational role in a modernized payment system, an issue that divides large and small banks. ... Read full article
News Topic: Credit unions
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'This is an issue of fairness': Comments of the week
Readers weigh in on the tax-exempt status of credit unions, SoFi's application for an industrial loan company charter, ideas for mortgage policy reforms and more. ... Read full article
CFPB gives small banks, CUs a break on HMDA reporting
Lenders will not have to report data on open-ended home equity lines of credit in 2018 or 2019 if they originated fewer than 500 HELOCs the preceding year, the bureau said. ... Read full article
Are credit unions 'banks'? Debate rages in Canada
A federal regulator has agreed to review an advisory prohibiting Canadian credit unions from using the words "bank" or "banking" in their marketing, but some say it will take more than that before credit unions can truly compete with ... Read full article
Credit unions with the largest portfolios of first mortgage loans
On March 31, 2017. Dollars in thousands ... Read full article
Credit unions with the largest portfolios of home equity loans
On March 31, 2017. Dollars in thousands ... Read full article
Credit Unions with the largest credit card portfolios
On March 31, 2017. Dollars in thousands ... Read full article
How credit unions cracked the code on HELOCs
Despite rising home prices and a market where many older homeowners are loath to sell, home equity line of credit lending remains muted in all but one corner of the industry: credit unions. ... Read full article
Credit union in Michigan to buy bank in Florida
Lake Michigan Credit Union’s deal for Encore Bank would give it a total of 10 branches on the Florida Gulf Coast. ... Read full article
Credit Unions with the Most Deposits
On March 31, 2017. Dollars in thousands ... Read full article
Credit Unions with the Largest Portfolios of Loans and Leases
On March 31, 2017. Dollars in thousands ... Read full article
Credit Unions with the Most Assets
On March 31, 2017. Dollars in thousands ... Read full article
What mutual banks need to survive
The ranks of mutually owned banks are in decline. Survivors say sharper marketing, better access to capital and lower barriers to entry could stop the bleeding. ... Read full article
The credit union for people who breathe air: Comments of the week
Readers slam credit unions’ ever-inclusive membership criteria, weigh in on the OCC’s proposed fintech charter, encourage a rewrite of the CRA, and more. ... Read full article
‘Communities’ are evolving. Let credit unions do the same
A recent op-ed got it wrong when it questioned the National Credit Union Administration’s actions to modernize credit union field of membership rules. ... Read full article
California struggles for answer to pot banking conundrum
The nation’s largest state set out to bring a once-illicit industry into the financial mainstream but is now running into a Washington, D.C.-size barrier. ... Read full article
‘Everyone’ is the wrong way to define CU members
Expanding the definition of a credit union's "common bond" so that it is essentially meaningless appears to be the direction the industry and its regulator are headed. ... Read full article
‘Why the double standard?’: Comments of the week
Readers weigh in on chatbots, Amazon’s physical footprint expansion plans, alternative credit data and more. ... Read full article
Alternative credit data still a hard sell for small banks
The CFPB and others believe alternative data could provide more credit to the unbanked. Small banks and credit unions, however, have lingering concerns about breaking from traditional underwriting. ... Read full article
Banks, credit unions brace for more cross-industry mergers
Seven banks have agreed to be sold to credit unions in the last 18 months. Expect more deals as both industries face internal and external pressure. ... Read full article