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Thursday, October 23, 2014
Money Anxiety Among Consumers Still at Recession Level
The Money Anxiety Index shows U.S. consumers' still low confidence in the economy continues to negatively impact spending and by default, economic growth.
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ALEXANDRIA, Va. — Federally insured credit unions saw an increased median rate of loan growth in the year ending June 30, according to analysis of state-level data released Tuesday by NCUA. more »
NEW YORK — Peter Duffy contends that NCUA's proposed capital rule could force some credit unions to sacrifice net income and capital to meet the new risk-based standard. more »
ALEXANDRIA, Va. — Federally insured credit unions parlayed an improving economy in the second quarter of 2014 to the highest year-over-year loan growth since 2006, according to new analysis released Tuesday by the National Credit Union Administration. more »
BIRMINGHAM, Ala. — Will the risk-based capital rule increase the pace of credit-union-to-bank conversions? Only time — and the final rule — will tell. But most industry insiders and experts say it's unlikely that a significant number of credit unions will be rushing to make the switch. more »
Privately insured CUs will not pay a special premium assessment in 2014. more »
Credit union lending continues to be strong, with CUs showing their strongest loan numbers since 2005 during the second quarter of 2014. more »
ARLINGTON, Va. — NCUA has been stressing to credit unions for well over a year that they must pay attention to interest rate risk with rising rates on the horizon. more »
RIVERSIDE, Calif. — Altura Credit Union reported $3.82 million in net income during the second quarter of 2014, marking 13 consecutive quarters of positive earnings. more »
ALEXANDRIA, Va. — Credit unions' mortgage originations fell by almost 60% in the first quarter of the year, according to call report data released Tuesday by the National Credit Union Administration. more »
It was the end of the line Friday for $7.9 million Life Line Credit Union, as it was shuttered by the Virginia State Corporation Commission. more »
PLANO, Texas — Credit union CEO confidence in the economy has climbed to its highest level in more than six years, according to Catalyst Corporate FCU's Q1 CEO Confidence Survey. more »
The Director of the Michigan Department of Insurance and Financial Services on Friday placed Detroit's Health One Credit Union into conservatorship due to the "recent discovery of unsafe and unsound practices." more »
EL SEGUNDO, Calif. — As checking rates finally begin to inch upward this year, CUs are well ahead of banks in the average yield paid on checking products, according to GoBankingRates. more »
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International Credit Union Day
October 16, 2014 is International Credit Union Day, and this video from the World Council of CUs (WOCCU) highlights this year's theme and the impact CUs have around the globe.
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