Keith Leggett’s Credit Union Watch
Keeping an eye on the credit union scene.
Tuesday, September 18, 2018
Trend Continues: Almost Half of CUs Report Fewer Members
While overall membership in federally insured credit unions continued to grow during the year ending in the second quarter of 2018, almost h...
Monday, September 17, 2018
Paper Examines Private Student Loans at CUs
A paper recently published in the Review of Quantitative Finance and Accounting examined credit unions' entrance into the private studen...
Friday, September 14, 2018
Technology CU Funds $20.5 Million Construction Loan
Technology Credit Union (San Jose, CA) provided a $20.5 million construction loan for a luxury apartment development. The loan will fund t...
Thursday, September 13, 2018
Regulators Affirm No Enforcement Actions Based Upon Guidance
In an important joint statement issued today, the financial regulatory agencies clarified the role of supervisory guidance in bank supervisi...
Wednesday, September 12, 2018
Georgia Regulator Approves CU's Takeover of Bank
The Georgia Department of Banking and Finance on August 6 approved the merger of Georgia Heritage Bank (Dallas, GA) into LGE Community Credi...
Monday, September 10, 2018
Consumer Credit at CUs Up $7 Billion in July
The Federal Reserve announced on September 10 that outstanding consumer credit for the month of July increased at credit unions. Outstandi...
PenFed Acquires Ad Agency
Pentagon Federal Credit Union (Tyson, VA) last week announced that it had acquired a Washington-area advertising agency, WHITE64. The adve...
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