New Bank Data Shows Income Down But Not Out
All bank star-ratings and reports are now based on year-end 2020 financial data. (Credit Unions will be updated soon.) Three new banks opened their doors during the fourth quarter, bringing the total number of de novos for 2020 up to…
Loans to Bank Insiders Top $34 Billion
Loans to bank insiders often arouse negative feelings to bank outsiders. Those people often hear news of inordinate salaries or bonuses paid to bank CEOs. So we were not surprised when there was pushback to the idea of forgiving certain…
When Common Bond Means Struggling Together
We may be tired of hearing that “we’re all in this together”, but for credit union members (who are also owners) their common bond makes it true. In good times, this common bond is a source of strength: a group…