Coral Gables, Florida, October 27, 2021 Coral Gables, FL: BAUERFINANCIAL, Inc., the nation’s premier Bank and Credit Union rating firm, is excited to add to its extensive line of bank report products. For the first time, and available for immediate…
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…
Credit Card Debt Lessens as Quality Improves
It’s nice to have something positive to report. U.S. banks have been reporting a steep decline in credit card usage since the end of 2019 (see below). Not only that, but as you will see, the quality of those credit…
Listening Carefully for the Other Shoe to Drop
If we’ve learned anything in the past year and a half, it’s that nothing is foolproof. Nor is anything 100% predictable. In much the same way that New York cabbies (and the institutions that financed them) had to deal with…
Nine Pending Bank Acquisitions by CUs
When we last reported on Credit Union-Bank acquisitions in April (JRN 38:16), we said they were heating up, and they sure have. The third quarter was particularly active. One such transaction involves JRN listee 5-Star Financial Federal Bank, Memphis, TN,…
Community Banks Critical for Small Businesses
According to the Federal Reserve’s 2021 Small Business Credit Survey, 48% of Paycheck Protection Program (PPP) applicants went to community banks for funding while only 43% went to Big Banks. What’s more, 78% of those that applied at community banks…
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…
U.S. Consumers Bullish on Borrowing
Coral Gables, Florida, September 15, 2021 Coral Gables, FL: BauerFinancial, Inc., the nation’s premier Bank and Credit Union rating firm, has completed its analysis of second quarter 2021 data. All star-ratings are now updated at bauerfinancial.com to reflect the changes.…
Loan Balances Grow for 1st Time Since Last June
After a year of belt-tightening, loan balances at our nation’s banks grew slightly ($33.2 billion or 0.3%) during the second quarter of 2021. In spite of banks’ eagerness to lend, loan balances remain well below (1.2%) the levels of the…
Deposit Growth Slows, Doesn’t Stop
Deposits continue to climb at our nation’s banks, but the growth has slowed considerably since the early days of the pandemic. Deposit growth in the first and second quarters of 2020 was 7½% or better whereas second quarter of 2021…