Two years ago (JRN 36:15), we predicted that Credit Union net member business loans would see more robust growth than the paltry 1.9% the industry reported in 2018. Of course we had no way of knowing at that time that…
Category: Credit Unions
Minority Credit Unions Falling Behind the Curve
The number of federally-insured credit unions that are rated 1-Star or below and/or are less than “Adequately” capitalized by regulatory standards grew 36% in the twelve month period ending June 30, 2021 (from 53 to 72). What’s more, Minority-Owned Credit…
C.U. Star-Ratings Updated with Q2 Data
All bank and Credit Union star-ratings have been updated on our website based on Q2 financial data. While we have spent the past two weeks digging deeper into the results for banks, this week we shift our attention towards federally-insured…
Kinda, Sorta, Comparable. But Not Really.
A new proposed “simplified” rule for credit unions is being likened to one in use for banks. Is it really? The proposed Complex Credit Union Leverage Ratio (CCULR), as its name suggests, is aimed at “complex” credit unions. Whereas the…
All New Credit Union Ratings Q1’2021 Data
All credit union star-ratings are now updated on our website, bauerfinancial.com, based on March 31, 2021 financial data. While the majority of federally-insured credit unions maneuvered their way nicely through the trials of the past year, there were some that…
Credit Union, Bank Acquisitions Heating Up
Only 16 credit unions in the United States have assets exceeding $10 billion; 4-Star VyStar CU, Jacksonville, FL is one of them. What began in 1952 with just $60 and 12 members as Jax Navy FCU is now one of…
Bank, CU Complaint or Question?
Complaint or Question About Your Financial Institution? We do a lot of things here at BauerFinancial, but since we are a private research firm, and not a government agency, fielding complaints about financial institutions is not really one of them.…
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…
PPP: Also Available From Your Credit Union
As of January 31st, 4,942 lenders were participating in the new 2021 Paycheck Protection Program. The vast majority are banks, but credit unions are doing their part as well. According to the Small Business Administration (SBA), during the first month…
New Credit Union Data is Out and…
Third quarter Credit Union data has now been updated on our website. Here are some of the highlights. While the number of Federally-insured credit unions dropped 2.8% since last September (to 5,133), industry assets were up over 16% to almost…