Four new credit unions signed on to the AFG Balloon Lending Program
Auto Financial Group (AFG) signed four new credit unions to its Walk-Away Balloon Lending Program: First Service Credit Union, Allied Healthcare Federal Credit Union, Northern Credit Union and Centricity Credit Union.
Velocity Credit Union Selects Empower, Black Knight's Cloud-Based LOS
Velocity Credit Union has selected the Empower loan origination system (LOS) for its advanced automation capabilities, which will streamline back-office operations and improve the frontline member experience
Community Financial Credit Union Partners with Student Choice
Credit Union Student Choice, the leading provider of higher education financing solutions to America’s credit unions, announced that it has partnered with Community Financial Credit Union
ACUMA Announces Partnership with NAMMBA
The American Credit Union Mortgage Association (ACUMA) announces that as of today it will begin a partnership with The National Association of Minority Mortgage Bankers of America (NAMMBA).
MIDFLORIDA Credit Union Selects Upstart for Personal Lending
MIDFLORIDA Credit Union, one of the largest credit unions in Florida with more than 434,000 members and assets totaling more than $6.6 billion, today announced that it has partnered with Upstart
Picatinny Federal Credit Union Taps Scienaptic’s AI-Powered Credit Underwriting Platform
AI-powered credit decision platform provider Scienaptic AI announced that Picatinny Federal Credit Union has chosen to implement Scienaptic’s credit decisioning
Payveris Introduces Loan Payments® for Financial Institutions to Offer Customers Integrated Real-Time Payment Methods & Channels
Modern money movement leader Payveris, a division of Paymentus, today launched Loan Payments®
FFIEC Announces Availability of 2021 Data on Mortgage Lending
The Federal Financial Institutions Examination Council (FFIEC) today announced the availability of data on 2021 mortgage lending transactions
Zest AI Announces Partnership with SkyOne Federal Credit Union to Enable AI-Driven Lending
Zest AI today announced a partnership with SkyOne Federal Credit Union. The member-owned, not-for-profit financial institution will bring Zest's industry-leading AI lending software to their more than 50,000 members nationwide
NCUA Releases Q1 2022 State-Level Credit Union Data Report
Federally insured credit unions experienced growth in assets, shares and deposits, and loans outstanding over the year ending in the first quarter of 2022
Safe Harbor Financial Announces Closing of Loan to Solar Cannabis
Safe Harbor Financial ("Safe Harbor" or the "Company"), a leading financial services provider to the cannabis industry, today announced the closing of a $5 million senior secured loan to Solar Cannabis Co.
Credit Unions Amass Largest Share of the Automotive Finance Market in Five Years
Through the first three months of 2022, there were some shifts in the automotive finance market, most notably, significant growth for credit unions. According to Experian’s State of the Automotive Finance Market: Q1 2022 report, credit unions amassed 22.06% of the total automotive finance market, up from 18.55% a year prior.
7 Trends Continuing into 2022 for Credit Unions
Credit unions keep up on housing and mortgage lending, Gen Z and Millennials, branching trends and technology, employees and more to ensure relevance and stability.
Ascend Federal Credit Union Names Lumin Digital As Partner for Enhanced Digital Banking Services
Lumin Digital announced today that Tennessee-based Ascend Federal Credit Union (Ascend) has signed a multi-year agreement for Lumin Digital's cloud-native platform for online and mobile digital banking solutions
MIDFLORIDA Credit Union Partners with Zest AI to Bring AI-Driven Lending to More than 430,000 Members in Florida
MIDFLORIDA Credit Union, one of the largest credit unions in Florida with more than $6 billion in assets, today announced it has partnered with Zest AI, a leader in software for AI-driven lending.
Great Meadow FCU Leverages Existing Partnerships for High-Yield Checking
Great Meadow Federal Credit Union sought a high-interest account solution, but when the credit union couldn’t find the right one, CEO Ryan Roberts decided to work with its core and Your Marketing Co. to build and maintain its own.
The Death of Overdraft and NSF Fees – But NOT Your Noninterest Income
Credit unions and banks are getting squeezed on all sides regarding overdraft protection and associated fees. Here’s what’s going down and how to replace them.
How “Shock Therapy” Economics Have Been a Resounding Success – And What it Could Mean for Credit Unions
The economic model commonly known as “shock therapy” represents large scale privatization and economic liberalization within a relatively short period of time. This is what it could mean for credit unions.
CU Strategic Planning Client Credit Unions Awarded More Than $20 Million from CDFI Fund
Credit Union Strategic Planning, the credit union movement’s largest organization for helping credit unions obtain Community Development Financial Institutions Fund grants from the U.S. Treasury Department, facilitated nearly half of all successful 2021 CDFI FA grant applications for credit unions, totaling $20 million.
Fear Is Causing Credit Unions to Lose Ground to Banks
Banks tied credit unions a few years back in customer satisfaction, but now the trend is continuing to decline for credit unions. This data…