NOT FOR REPRINT
Page Printed from: cutimes.com/author/profile/jim-duplessis/?page=6
Sign In To follow
A journalist for decades.
Despite NCUA data showing a drop in branches in the second quarter, third-quarter announcements of expansions continue.
NCUA data shows most Q2 losses were in the Northeast, but states from California to Louisiana contribute to the drop.
Most Fed members expect rates to fall to 4.4% by year's end and to 3.4% by the end of 2025.
Nation's largest payments CUSO finds members spent more than 71% on Democrats and less than 22% on Republicans.
Annual growth rates hit record lows for many major loan categories, including a record drop for auto loans.
Utah credit union agrees to spin off its two Albuquerque branches to Sandia Laboratory FCU.
Experian shows credit unions originated 23% of new and used auto loans in the second quarter, up 20 basis points from the first quarter.
Fed data for July shows credit unions have lost share of U.S. credit card and term loan balances in the past year.
Credit unions remain 'resilient' overall, but conditions are worsening for some.
Some of biggest losses of Q2 were product of conditions that might already be improving.