NCUA Chair Debbie Matz announced she will step down April 30. On her watch, credit unions hit the 100 million membership and $1 trillion asset benchmarks.
Getting no help from other financial institutions, the Lopez family found the financial expertise and attentive service they needed at Point West Credit Union.
A red-hot auto market bodes well for credit unions. In Washington, vehicle registrations hit a post recession high of 278,000 vehicles in June and July. Auto lending makes up 32% of Northwest credit unions’ loan portfolios.
A survey released this week by CUNA and the Consumer Federation of America predicts an increase in holiday spending over the previous year but indicates that consumers are still spending cautiously.
Filene Research Groupâ€™s John Dangoia explains how credit unions increased the size of their consumer loan portfolios during the recent recession, illustrating the need to make the most of every lending opportunity.