Since the end of 2019 (before the pandemic recession), household debt has increased by $3.7 trillion (28.4%). Even more disturbing is how much of this debt is beginning to falter. Credit card delinquencies are flirting with the 11% mark for…
Credit Unions Not Exempt From Loan Quality Woes
Federally-insured credit unions ended the second quarter 2024 with $2.3 trillion in assets, up 3.5% from a year earlier. About 70% of those assets ($1.62 trillion) is in the form of outstanding loans, which increased just slightly more at 3.6%.…
A Loan is a Great Asset (for a Bank), Unless it’s Not
All Credit Union and Bank Star-Ratings are now updated based on June 30, 2024 Financial Data. Next week we will touch more on the state of the credit union industry. This week’s focus is on overall bank loan quality. The…
How 9.11 Changed Banking as Well as Lives
With the anniversary of September 11, 2001 approaching, in addition to remembering the loss of lives, we also want to take a fresh look at how the events of that day forever changed not just the human landscape, but the…
All New Bank Star-Ratings This Week
All bank star-ratings are now updated based on June 30, 2024 financial data. That means any “Bank” reports you purchase from today forward will have June 30th financial data. Credit unions star-ratings will be available in a couple of weeks.…