Field of membership (FOM) was the focus of a credit union meeting with NCUA Vice Chairman Kyle Hauptman on Monday. America’s Credit Unions’ Andrew Morris and a group of credit unions met with the vice chair, sharing stories of their efforts to add underserved areas to their FOM, current challenges at hand, and potential ways …
Credit unions are contending with an onslaught of regulatory changes, America’s Credit Unions Chief Advocacy Officer Carrie Hunt told Punchbowl in an interview over the weekend. Hunt noted that—while banks are subject to the same regulations—credit unions face key limitations on how they can respond. “Since we are not-for-profit member cooperatives, we have different investment …
Median assets, shares, and deposits in federally insured credit unions declined during the year ending in the first quarter of 2024. At the same time, both median loans outstanding and delinquencies increased. This is according to the latest Quarterly U.S. Map Review released by the NCUA. While median aggregate assets and shares and deposits in …
America’s Credit Unions offices will be closed Wednesday, June 19 in observance of the Juneteenth holiday. There will be no morning newsletter Wednesday, it will resume Thursday, June 20.
