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A journalist for decades.
Nationwide, credit unions added 31 branches from September to December.
The CUSO's gains through credit and debit cards lag inflation and national retail spending.
But delinquency rates started to rise in the fourth quarter, especially in the safe haven of multi-family real estate.
The trifecta of lower income, higher expenses and huge loan loss provisions drags earnings into the gutter.
Net losses for the three months are more numerous and deeper than in recent quarters.
The sale of securities backed by auto loans is the first for credit unions this year and the first ever for the Iowa credit union.
Trade group report shows credit union loan and savings balances essentially unchanged from December to January.
America's Credit Unions updates layoff plans to say it will cut about 38 of its 154 workers in the state starting March 15.
TruStar of Minnesota and CommunityAmerica of Kansas City close out a season of special dividends that topped $322 million.
The Austin branch is its first physical branch outside Silicon Valley, with another planned in Idaho by early 2025.