PYMNTS

MARCH 2, 2020

After rumors of decline, CUs kicked off the roaring 2020s with higher metrics across the board – mortgage loans up by a staggering 81 percent, loan originations up almost 30 percent year over year, and non-real estate loans up by double digits. Quite the opposite, actually. Seems that everybody likes credit unions—including cybercrooks.

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Credit Union Credit Union Service Organization NCUA CCPA 52

PYMNTS

DECEMBER 27, 2019

The National Credit Union Administration (NCUA) trade group reported that net income for credit unions fell by 1.1 There are encouraging signs, too, such as fee income rising more than 7 percent year over year (2018-19) and robust loan originations. Digital Unison. percent in Q3 2019, which is a concern for the entire sector.

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Credit Union Credit Union Service Organization NCUA Instant Payments 52

PYMNTS

AUGUST 27, 2019

The American Bankers Association (ABA) implored the National Credit Union Association (NCUA) to withdraw a proposal that would allow federal CUs to have 50 percent of their deposits come from other CUs and government entities, boosting the current 20 percent cap. Payday loans can have interest rates as high as 5,000 percent, however.

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Credit Union NCUA Non-Bank Money Laundering 49

PYMNTS

OCTOBER 11, 2017

There’s the OCC for national banks; for small state there is the FDIC; medium banks have the Fed and there is NCUA for credit unions. That is important, he said, because if there is any regulatory uncertainy, it becomes very difficult to underwrite or originate small loans. Banks need clear guidelines from a host of players.

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Rules CFPB NCUA Credit Union 43