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PHOENIX—Mike Thorell recalls when the letter from Arizona FCU was dropped on his desk, a letter of intent from the $2.8-billion CU to buy his $236-million Pinnacle Bank of Arizona, which was for sale.

WASHINGTON—The total number of loans now in forbearance decreased by 13 basis points from 1.18% of servicers’ portfolio volume in the prior month to 1.05% as of March 31, 2022, according to the latest Mortgage Bankers Association’s (MBA) monthly Loan Monitoring Survey.

TULLAHOMA, Tenn.– Ascend FCU and its employees donated $1.2 million to the Middle Tennessee community in 2021, a significant 26% increase over 2020, the CU said.