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.…
Category: Credit Unions
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…
C.U. Assets Grow at Breakneck Speed
The NCUA released its second quarter state-by-state Credit Union findings on Tuesday (9/15) proving that, yes, things are as crazy as they seem. The median asset growth at federally-insured credit unions during the 12 months ending June 30, 2020 was…
Low Income Credit Unions Shine
A Gallup survey conducted last month asked credit union members, “In what way can your credit union support you and your family during this situation?” The most urgent needs cited were: Increase Peace of Mind. Provide the relief needed to…
Bankers Ready and Able to Help
The financial condition of the nation’s bank and credit union industries are possibly the strongest we have seen in our lifetime. That will prove to be invaluable as we come to grips with the full impact of COVID-19. Federal and…