WASHINGTON–Independent mortgage banks and mortgage subsidiaries of chartered banks reported a net gain of $493 on each loan they originated in the fourth quarter of 2015, down from a reported gain of $1,238 per loan in the third quarter of 2015, according to a new report from the Mortgage Bankers Association (MBA).
Fresh Today
PLANO, Texas—NCUA’s new member business lending rule has the potential to “completely change” they way CUs make loans, and will be part of the focus at Catalyst Corporate’s upcoming Accelerating Success Conference.
PITTSBURGH, Penn.–An advertising campaign from a credit union here has been selected as the Best in Show at the annual Pittsburgh American Advertising Awards contest.
ALEXANDRIA, Va.—The total number of outstanding enforcement actions for federally insured credit unions at the end of 2015 was down by approximately 21% from 2014—falling from 454 in 2014 to 359—according to NCUA’s annual report.
DANA POINT, Calif.–The 11th annual California and Nevada Credit Unions for Kids Wine Auction have announced that for the second year in a row more than $1 million was raised for the 11 Children’s Miracle Network Hospitals in California and Nevada.
ABERDEEN, Md.—ATM skimmers were discovered on two credit union ATMs but were found and removed before any user’s personal financial information could have been compromised.
RENO, Nev.–Greater Nevada Credit Union has entered into a multi-year partnership that will give it naming rights to the home venue of the Reno Aces Baseball Club and the Reno 1868 Football Club.
POTTSVILLE, Penn.–As the result of a $150,000 donation from CACL FCU, the Pottsville Area School Board has agreed to rename one of its sports complexes after the credit union and to promote the CU in other ways throughout the district, as well.
ARLINGTON, Va.—The new “principle-based” member business lending rule is the focus of a June school by NASCUS, scheduled for New Orleans, for state credit union examiners and practitioners.
SCOTTS VALLEY, Calif.– Two credit unions have selected Intuvo, a provider of marketing automation software and a division of CU Direct. Entering into the new partnership agreements were the $1.6-billion Royal Credit Union in Wisconsin and the $462-million La Capitol Federal Credit Union in Louisiana.