Credit Unions Up Credit Card Lending In the past five years, the nation’s credit unions have increased their credit card lending by 36% (see chart 2). Some of that increase is because more of the industry is offering credit cards…
In Search of Low Cost Funding
In Search of Low Cost Funding We know very well that it’s not what you want to hear, but community banks are in need of low-cost (or no-cost) deposits. Two weeks ago (JRN 36:38) we reported on some creative ways…
Consumer Debt Up, Delinquencies Mixed Picture
U.S. banks charged off $12.8 billion in loans in the second quarter 2019. That’s up $1.1 billion or 9.3% from a year earlier. The majority of that increase was due to uncollectible credit card loans, which were up $669.4 million…
Community Bank Touch Goes a Long Way
A couple of times a year, we look at how community banks are growing their deposits. When deposit rates are on the rise, that’s easy enough. But when rates are falling, attracting deposits is a lot trickier. The 50…
Payday Loans Skyrocket at Nation’s C.U.s
Federal Credit Unions are set to gain a new tool in the fight against predatory payroll lenders. The current payday alternative loan (PAL) option has been available to FCUs since 2010, but for the past couple of years, NCUA has…