NEW YORK–Credit unions are getting some national attention for their rates on auto loans.
THE news
ARLINGTON, Va.—New home sales rose 1.3% in November to 640,000 annualized units but were 15.3% lower than one year ago. October’s sales were also revised down 8,000 units, reported NAFCU, citing U.S. Census Bureau data.
WALTHAM, Mass.–Two Massachusetts credit unions have announced their intent to merge to create a $2-billion plus operation.
MADISON, Wis.—Loan balances were up again in October, according to the latest CUNA Mutual Group Trends Report, which offers a forecast for what 2023 may hold for lending that is both favorable and not so favorable.
ALEXANDRIA, Va.–Loan growth was the strongest in two decades among federally insured credit unions in the year ending Sept. 30, according to the latest NCUA Quarterly U.S. Map Review, which also reveals how CUs are performing by state.
WASHINGTON—The Office of the Comptroller of the Currency is reporting that of the first-lien residential mortgages included in its quarterly mortgage performance report, 97.2% were current and performing at the end of the third quarter, up from 95.6% a year ago.
MIDLAND, Mich. – Dow Credit Union has announced a Member Giveback for 2022 of $14 million. The credit union said the funds are to be given back to eligible members in January via rebates and rewards deposited to their savings accounts.
WASHINGTON— The Consumer Financial Protection Bureau (CFPB) is proposing certain nonbank financial firms be required to register with the Bureau when they become subject to certain local, state, or federal consumer financial protection agency or court orders.
TULLAHOMA, Tenn. – Ascend Federal Credit Union said it is returning $5 million to members in the form of bonus dividend payments, loan interest refunds and reward payments for loyal debit card use.
APPLE VALLEY, Minn.—Wings Financial Credit Union is sponsoring 36 Minnesota-based credit unions as part of the Credit Union Awareness program.