PSCU Payments Index - April 2022 Edition
PSCU published the April edition of the PSCU Payments Index, the goal of which is to provide information and insights to help financial institutions navigate the evolving financial landscape to make informed, strategic decisions for their organizations and members.
UMassFive Joins MassHousing Mortgage Program
UMassFive College Credit Union announced that they are offering MassHousing loans to their members in partnership with Member Advantage Mortgage, their mortgage service organization
CDFI credit unions seeing a light at the end of the ‘pause’ tunnel
Kitsap Credit Union Expands Its Reach for Those in Need of Financial Assistance with CDFI Designation Grant
Kitsap Credit Union was awarded $660K from the CDFI Fund with help from CU Strategic Planning!
Crowe expands banking technology with Crowe CX for Commercial Lending
Expanding on its financial services technology offerings, Crowe LLP, an accounting, consulting and technology firm in the U.S. with offices around the world
CUNA Responds to CFPB Section 1071 Small Business Lending Final Rule
The Consumer Financial Protection Bureau (CFPB) released its final rule on section 1071 of the Dodd-Frank Act Thursday, which would require credit unions to
Home Mortgage Disclosure Act Data Collection Requirements for Calendar Year 2023
If your credit union makes residential mortgage loans and meets all four criteria outlined below, you must comply with the Consumer Financial Protection Bureau’s (CFPB) Regulation C,
Frontwave Credit Union Selects Empower, Black Knight's Cloud-based LOS, to Help Expand and Scale Mortgage Operations
Black Knight, Inc. has announced that Frontwave Credit Union, a growing credit union serving military and civilian communities in Southern California
Credit Union Assets, Shares, and Deposits Grow in Fourth Quarter
“In terms of overall performance, federally insured credit unions remained on a solid footing last year. Total loans, assets, and insured shares increased, and capital levels remained strong,” NCUA Chairman Todd M. Harper said.
One in 4 Vehicles Financed by Credit Unions in Q4 2022, as Consumers Search for Lower Interest Rates
In the fourth quarter of 2022, credit unions held the largest percentage of the vehicle finance market, for the first time. According to Experian’s State of the Automotive Finance Market Report: Q4 2022
Auto Link Introduces Side-by-Side Payment Comparisons for AFG Balloon Loan Program
Auto Link has unveiled an enhanced integration for Auto Financial Group clients.
Open Lending Extends Program to Older Vehicles to Support Today’s Car Buyer
With the average age of vehicles financed jumping from 5.4 to 6.4 years for FICO scores below 640, vehicle age expansion enables auto loan growth in an uncertain market
What, Why & Where for CUNA GAC: A Veteran’s Perspective
Nine Credit Unions Partner with myCUmortgage in 2022 to Offer Mortgages to Their Members
Further upholding its mission to empower credit unions to become great mortgage lenders, myCUmortgage is thrilled to announce nine new partnerships with credit unions from
State Employees' Credit Union Selects Black Knight's Servicing Solutions for Unmatched Level of Innovation
Black Knight, Inc. has announced that State Employees' Credit Union (SECU), the second largest credit union in the United States with over 2.6 million members, has signed a contract to use MSP
Collections Should See Significant Bump with Texting from Eltropy-AKUVO Partnership
Credit Unions can now use the Eltropy-AKUVO connector to speed up the implementation of the industry’s leading Texting platform into their Collections departments
SWIVEL Announces Integration with Fiserv Corillian Home Banking Application
SWIVEL Transactions, LLC today announced that its flexible and accredited loan payment system has completed integration with the Fiserv Corillian home banking platform, enabling credit unions and other financial institutions to more easily and quickly deploy the latest and most user-friendly payment options for their customers.
Wescom Rings in the New Year by Launching a Special Green Vehicle Loan Discount
Southern California-based Wescom Credit Union has announced a Green Vehicle Loan discount for the purchase or refinance of a qualifying electric or hybrid vehicle.
LenderClose Announces Rebrand as Coviance to Support Accelerated Growth and Strategic Vision for the Lending Experience
The company’s evolution as a technology solution is modernizing the home equity lending experience for Credit Unions and Community Banks
How NCUA’s Financial Innovation Proposal Could Affect Credit Unions & CUSOs
Great insights from 16-year veteran CUSO attorney Brian Lauer on the positive impact he sees from NCUA’s Financial Innovation proposed rule and trends he’s seeing out of the regulators.