Links in “Credit Unions”

As a response to the story above, Brad Hayes of Florida Community Credit Union of Florida reports that careful underwriting and strong dealer relationships and monitoring have made indirect lending a success story for his CU. [8/27]

Loan growth at credit unions has outpaced share growth for the first time since 2008; based on loan performance for the first half of 2013, analysts project that CUs will originate over $1 billion in new loans this year. [8/27]

The answer appears to be “yes.” Property values have been rising and some lenders are looking to market home equity loans, but in a far more conservative fashion. [8/26]

NCUA Board is now back to three board members; Rick Metsger, who took the oath of office on Friday, was quoted as saying that he views the most important aspect of his new position as protecting the Share Insurance Fund. [8/26]

At what point in the discovery process of a potential compliance issue should you notify the board? [8/23]

Topics on Regional Realignment, Interest Rate Risk, Capital Requirement and July Actions of NCUA among topics presented. [8/23]

Credit unions in North and South Carolina voted overwhelmingly to merge their leagues; the new Carolina Credit Union League will lunch on January, 1, 2014. [8/23]

Be sure to advise your members on a new twist on the old lottery scam that snared two elderly Navy Federal Credit Union members. Not only did the couple pay the fraudsters $20,000 in “insurance and taxes” to receive a supposed $2.5 million lottery check, they provided their account number at Navy Fed that resulted in an additional unauthorized $3,000 withdrawal. [8/22]

NCUA will be hosting two free webinars designed to educate small credit unions about the benefits of offering small member business loans; registration on the NCUA website is open now for the Sept. 17 and 25 events. [8/22]

A look at the signature requirements of the deposit side of the institution, the E-Sign Act, and privacy. [8/22]